The Heinrich Team

Monterey, CA 93940

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel


Monterey, CA 93940

Thu Mar 30 2023
This week the median list price for Monterey, CA 93940 is $1,772,000 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has held steady at or around 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Monterey, CA 93940

Thu Mar 30 2023
This week the median list price for Monterey, CA 93940 is $1,772,000 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has held steady at or around 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Monterey market.
Median List Price $1,772,000
Median Price of New Listings $1,495,000
Per Square Foot $623
Average Days on Market 116
Median Days on Market 18
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 48
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,897,500 5,061 1 - 2.5 acres 5 5.5 64 0 1 276
$2,091,500 3,256 0.25 - 0.5 acre 4 3 37 1 0 21
$1,397,500 2,283 0.25 - 0.5 acre 3 2.3 61 2 0 3
$1,074,500 1,628 4,500 - 6,500 sqft 3 2 69 0 1 24