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Featured local agent — Carmel, CA
Sarah Mitchell
Compass Real Estate · Carmel, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Carmel, CA Housing Market
The last median sale price Redfin published was $3.08M, +12.0% year over year (through May 2026). With 2.3 months of supply and homes going under contract in about 15 days, Carmel is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $3.08M home is about $15,832/mo in principal and interest.
Key numbers for Carmel, CA
Median sale price
$3.08M
+12.0% year over year
Redfin, through May 2026
Days on market
15
Fast-moving
Redfin, through May 2026
Active listings
23
2.3 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Sale-to-list ratio
99.0%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Carmel a buyer's or seller's market?
Carmel, CA is a seller's market, based on 2.3 months of supply and homes selling in about 15 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Carmel housing market data show?
Every row below is Redfin's final published month for Carmel, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $3.08M |
| Median list price | $3.55M |
| Year-over-year price change | +12.0% |
| Median price per sq ft | $1,777/sq ft |
| Median days on market | 15 days |
| Active inventory | 23 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.0% |
| Homes sold (that month) | 10 |
| New listings (that month) | 17 |
| Listings with a price cut | 26.1% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Carmel is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Carmel is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Carmel home prices moved?
Over the last three years the median sale price in Carmel, CA rose 29.7%, from $2.38M to $3.08M. 26.1% of Carmel listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.3 months while the sale-to-list ratio slips below its current 99.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Carmel?
Priced off the median sale price of $3.08M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $615,900 | $2.46M | $15,832/mo |
| 5% | $153,975 | $2.93M | $18,800/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $15,832, that implies roughly $678,504 a year before you add taxes and insurance. We do not hold a Census income figure for Carmel, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Carmel in the next 12 months?
Tell us your timeline. We send the Carmel market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Carmel?
Zillow does not publish a rent index (ZORI) for Carmel, CA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Carmel?
Active listings in Carmel, CA went from 38 in May 2025 to 23 in May 2026, a -39.5% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 33 | 7 |
| July 2025 | 37 | 12 |
| August 2025 | 27 | 11 |
| September 2025 | 31 | 14 |
| October 2025 | 27 | 8 |
| November 2025 | 24 | 5 |
| December 2025 | 21 | 3 |
| January 2026 | 17 | 5 |
| February 2026 | 18 | 14 |
| March 2026 | 14 | 8 |
| April 2026 | 19 | 16 |
| May 2026 | 23 | 17 |
Redfin, through May 2026
How does Carmel compare to California and the U.S.?
Carmel homes sell for $3.08M — 247% above the California median of $887,400. Against the national median of $410,700, Carmel runs 650% higher. Year-over-year, Carmel moved +12.0% against California's +3.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Carmel, CA | $3.08M | +12.0% | 15 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Carmel
What buyers should watch
- Months of supply, currently 2.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 26.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $2,968 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $3.08M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Carmel listing goes under contract in 15 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Carmel added 17 new listings against 10 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Carmel varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Carmel
There are currently 23 homes listed for sale in Carmel, California. The median listing price is $3.5M.
Active listings
23
Homes on market
Median list price
$3.5M
Avg. days on market
15
Days until sale
New this week
17
Newly listed
How much do homes cost in Carmel by property type?
How the Carmel, CA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $3.08M | $1,777/sq ft | 10 | 15 days |
| Condo / co-op | $1.07M | $930/sq ft | 4 | 7 days |
| Townhouse | $2.30M | $973/sq ft | 1 | 6 days |
Which public schools serve Carmel?
5 schools tracked · 1,673 students
The largest public schools serving Carmel, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Carmel High
Grades 9-12 · 799 students
Carmel Middle
Grades 6-8 · 473 students
Carmel River Elementary
Grades K-5 · 380 students
Carmel Valley High
Grades 9-12 · 21 students
Carmel Child Development Center
Grades K
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Carmel, CA?
Ordered by distance from Carmel, not by size. Compare Carmel side by side with any of them.
Carmel housing market FAQ
Is Carmel a buyer's or seller's market?
Carmel, CA is currently a seller's market. That read comes from 2.3 months of supply, homes going under contract in about 15 days, and sellers getting 99.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Carmel?
The median sale price in the last month Redfin published was $3.08M, about $1,777 per square foot.
Is Carmel cheaper than the rest of California?
Carmel's median sale price of $3.08M is 247% higher than the California statewide median of $887,400, and 650% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Carmel?
Homes in Carmel, CA spent a median of 15 days on market before going under contract, versus 33 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Carmel?
At the current 30-year fixed rate of 6.66%, 20% down on a $3.08M home is about $15,832 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $678,504 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Carmel?
Redfin's last published year-over-year change for Carmel, CA was +12.0%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Carmel?
Carmel ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Carmel?
That depends on your timeline, not on a headline. What the data says today: Carmel, CA is a seller's market with 2.3 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $3.08M, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.