Blog > Where Morgan Hill Homes Sell Over Asking: By Price Range and Size (2026)

Where Morgan Hill Homes Sell Over Asking: By Price Range and Size (2026)

by Eric & Janelle Boyenga

Do Morgan Hill homes still sell over asking? In the last 12 months, the typical Morgan Hill house closed at asking, and 46% sold for more than their list price. The year before, the typical house also closed at asking, and 42% sold over. It also depends on the price and the size: over the last 24 months, houses at $3M and up came in highest against asking (typical sale 2% over asking, 61% over), and houses at $500K–$1M lowest (at asking, 30% over). Here’s every range. We’re the Property Nerds, so the numbers come from real sales.

The short answer

Houses, last 12 months: typical sale at asking; 46% sold over asking. The year before: at asking, 42% over.
Highest against asking, by price: $3M and up, typical sale 2% over asking, 61% over asking.
Highest against asking, by size: houses of 1,500–2,000 sq ft, typical sale at asking, 54% over asking.
Condos and townhomes, last 12 months: typical sale at asking; 29% over asking.

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By price range

House sales in the last 24 months (October 28, 2024 to October 27, 2026) (ranges with at least 12 sales). “Typical sale” is the median of sale price against list price.

Price range	Sales	Typical sale	Sold over asking	Median price	Living area
$500K–$1M	73	at asking	30%	$852K	1,260 sq ft
$1M–$1.5M	256	at asking	44%	$1.29M	1,880 sq ft
$1.5M–$2M	161	at asking	42%	$1.7M	2,670 sq ft
$2M–$2.5M	82	at asking	50%	$2.16M	3,230 sq ft
$2.5M–$3M	42	at asking	43%	$2.75M	3,990 sq ft
$3M and up	51	2% over asking	61%	$3.36M	5,030 sq ft

By house size

House sales in the last 24 months (October 28, 2024 to October 27, 2026) (sizes with at least 12 sales):

Living area	Sales	Typical sale	Sold over asking	Median price
Under 1,500 sq ft	108	at asking	41%	$961K
1,500–2,000 sq ft	127	at asking	54%	$1.23M
2,000–2,500 sq ft	127	at asking	43%	$1.46M
2,500–3,000 sq ft	118	1% under asking	33%	$1.67M
3,000–4,000 sq ft	102	at asking	44%	$2.1M
4,000 sq ft and up	83	at asking	48%	$3.08M

This year against last year

	Last 12 months	The 12 months before
Houses: typical sale	at asking	at asking
Houses: sold over asking	46%	42%
Houses: median price	$1.52M	$1.48M
Condos and townhomes: typical sale	at asking	at asking
Condos and townhomes: sold over asking	29%	40%

What it means for pricing

Over asking isn’t the same as overpaying. When a home is listed below the price it’s expected to reach, a sale over asking can still be at market value; when it’s listed high, a sale under asking can be too.
Read the range you’re in. Houses at $3M and up and houses at $500K–$1M face different buyers and different competition.
Buyers: use the “typical sale” for your range and size as a starting point, then look at the last few sales on the street.
Sellers: strategy matters as much as the number. See how much over asking homes sell for and our over-asking tool.

Morgan Hill against five other Santa Clara County cities

The last 12 months (October 28, 2025 to October 27, 2026), against the 12 months before.

City	Typical house sale	Houses over asking	Year before	Condos and townhomes
San Jose	1.6% over asking	61%	2.4% over asking	at asking
Mountain View	7% over asking	75%	5.3% over asking	1.2% over asking
Campbell	3% over asking	63%	2.5% over asking	at asking
Milpitas	3.1% over asking	69%	2.1% over asking	at asking
Morgan Hill	at asking	46%	at asking	at asking
Gilroy	at asking	44%	at asking	too few sales

Condos and townhomes by price

Condo and townhome sales in the last 24 months (October 28, 2024 to October 27, 2026) (ranges with at least 10 sales):

Price range	Sales	Typical sale	Sold over asking	Living area
$500K–$750K	52	0.2% under asking	33%	1,140 sq ft
$750K–$1M	110	at asking	35%	1,700 sq ft
$1M–$1.25M	36	at asking	31%	2,170 sq ft

Questions we get

Do Morgan Hill homes sell over asking?

Fewer than half of houses do: 46% sold over list price in the last 12 months, and the typical one closed at asking. Condos and townhomes: 29% over, typically at asking.

Which Morgan Hill homes sell furthest over asking?

By price, houses at $3M and up (2% over asking typical, 61% over asking). By size, the typical sale was at or under asking in every range; the share over asking was highest for houses of 1,500–2,000 sq ft (54%).

Is the market cooler than last year?

No, if anything a little hotter. For Morgan Hill houses, the typical sale stayed at asking, the share over asking went from 42% to 46%, and the median price from $1.48M to $1.52M.

How we counted

Closed sales reported to the MLS and read through the IDX feeds that power our home search, one record per sale with a usable living area and map position, the same rules as our city price posts. Houses are MLS property type “single family home”; condos include townhomes. Sale price is compared with the final list price, so a home that was cut before selling is measured against its last price. Price and size ranges use the last 24 months (October 28, 2024 to October 27, 2026); the city figures use the last 12 months (October 28, 2025 to October 27, 2026) and the 12 months before. Past sales aren’t a forecast or the value of any one home, and nothing here is financial, tax or legal advice.

Go deeper

where Morgan Hill homes sell over asking, neighborhood by neighborhood, the best month to sell in Morgan Hill and the home features that start bidding wars.

More Morgan Hill numbers from the Property Nerds

Talk to a Property Nerd

We’re the Property Nerds at Compass, recognized as NextGenAgents by a national real estate portal. We’ll pull the sales that matter for your home and your plans, and walk you through what they mean. Call (408) 373-1660 or (650) 383-8606, or book a strategy call. Commissions are negotiable, and we offer bundled services, so ask us what’s included.