Keller Williams Coastal Estates' Market Report

Monterey, CA

Single-Family Homes

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



Monterey, CA

Sat Jun 12 2021
This week the median list price for Monterey, CA is $1,495,000 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has held steady at or around 27. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Sat Jun 12 2021
This week the median list price for Monterey, CA is $1,495,000 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has held steady at or around 27. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,495,000
Median Price of New Listings $1,800,000
Per Square Foot $657
Average Days on Market 79
Median Days on Market 35
Price Decreased 19%
Price Increased 0%
Relisted 4%
Inventory 27
Median Rent $3,100
Market Action 59
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,296,500 6,963 1 - 2.5 acres 5 6 16 0 0 164
$1,882,000 3,384 0.5 - 1 acre 4 4 31 2 1 35
$1,350,000 1,963 6,500 - 8,000 sqft 3 2 56 1 2 14
$898,000 1,289 4,500 - 6,500 sqft 3 2 71 0 2 35