The Heinrich Team

Monterey, CA 93940

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel



Monterey, CA 93940

Sat Jul 20 2024
This week the median list price for Monterey, CA 93940 is $1,360,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 38. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Monterey, CA 93940

Sat Jul 20 2024
This week the median list price for Monterey, CA 93940 is $1,360,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 38. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Monterey market.
Median List Price $1,360,000
Median Price of New Listings $1,242,000
Per Square Foot $790
Average Days on Market 61
Median Days on Market 35
Price Decreased 34%
Price Increased 3%
Relisted 13%
Inventory 38
Median Rent
Market Action 39
Slight Seller's Advantage

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
$3,250,000 4,539 1 - 2.5 acres 5 4.5 22 2 2 42
$1,495,000 1,941 4,500 - 6,500 sqft 3 2 74 1 0 70
$1,222,500 1,516 4,500 - 6,500 sqft 3 2 67 3 1 28
$998,950 1,058 4,500 - 6,500 sqft 3 1.8 73 2 0 52