Monterey, CA
Housing market overview · Updated weekly
$855,000median sale price
Homes sold
8
Last 12 weeks
Days on market
58
Average pace
Active listings
53
6.6 months supply
Sale-to-list
97.0%
Below asking
The Monterey housing market is currently classified as a buyer's market with a median sale price of $855,000. Prices have fallen 11.9% compared to last year, with homes spending an average of 58 days on market, indicating 6.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Monterey
There are currently 53 homes listed for sale in Monterey, California. The median listing price is $1.1M.
Active listings
53
Homes on market
Median list price
$1.1M
Avg. days on market
58
Days until sale
New this week
32
Newly listed
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Frequently asked questions
What is the average home price in Monterey?
The median home sale price in Monterey is $855,000, down 11.9% from last year.
How long do homes stay on market in Monterey?
Homes typically spend 58 days on market before going under contract.
Is Monterey a buyer's or seller's market?
With 6.6 months of supply, Monterey is currently a buyer's market.
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