The Heinrich Team

Monterey, CA 93940

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel



Monterey, CA 93940

Mon Jul 04 2022
This week the median list price for Monterey, CA 93940 is $2,292,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has increased to 21. 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 been flat for several weeks. 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 93940

Mon Jul 04 2022
This week the median list price for Monterey, CA 93940 is $2,292,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has increased to 21. 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 been flat for several weeks. 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 $2,292,000
Median Price of New Listings $1,370,000
Per Square Foot $778
Average Days on Market 71
Median Days on Market 21
Price Decreased 29%
Price Increased 5%
Relisted 10%
Inventory 21
Median Rent
Market Action 57
Strong Seller's Market

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$4,950,000 4,737 1 - 2.5 acres 5 5 29 0 0 21
$2,750,000 4,606 0.5 - 1 acre 4 4 33 1 1 35
$1,490,000 2,046 0.25 - 0.5 acre 3 3 60 2 2 7
$1,000,000 1,189 4,500 - 6,500 sqft 3 2 64 1 1 31