Keller Williams Coastal Estates' Market Report

Monterey, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



Monterey, CA

Mon Feb 06 2023
This week the median list price for Monterey, CA is $1,621,500 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has decreased to 16. Click here to stay informed with the Monterey market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Monterey, CA

Mon Feb 06 2023
This week the median list price for Monterey, CA is $1,621,500 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has decreased to 16. Click here to stay informed with the Monterey market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Monterey market.
Median List Price $1,621,500
Median Price of New Listings $1,125,000
Per Square Foot $780
Average Days on Market 179
Median Days on Market 116
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 37
Slight Seller's Advantage

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,722,500 4,816 1 - 2.5 acres 5 4.8 17 0 0 262
$2,700,000 5,202 1 - 2.5 acres 5 4.5 31 0 0 227
$1,149,500 1,764 4,500 - 6,500 sqft 3 2 65 2 1 38
$812,499 813 4,500 - 6,500 sqft 2 2 89 1 0 42