The Heinrich Team
Monterey, CA 93940
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Monterey, CA 93940
Fri Apr 23 2021
This week the median list price for Monterey, CA 93940 is $2,147,500 with the market action index hovering around 57. This is an increase over last month's market action index of 53. Inventory has held steady at or around 24.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $2,147,500 | |
| Per Square Foot | $670 | |
| Days on Market | 21 | |
| Price Decreased | 13% | |
| Price Increased | 4% | |
| Relisted | 0% | |
| Inventory | 24 | |
| Median Rent | $3,050 | |
| Most Expensive | $5,495,000 | |
| Least Expensive | $769,900 | |
| Market Action | 57 | |
| Strong Seller's Market | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,487,500 | 6,356 | 1 - 2.5 acres | 5 | 6 | 16 | 0 | 0 | 115 |
| $2,625,000 | 4,752 | 0.5 - 1 acre | 4 | 5 | 27 | 0 | 0 | 14 |
| $1,414,950 | 2,456 | 0.25 - 0.5 acre | 3 | 3 | 32 | 3 | 1 | 10 |
| $949,975 | 1,454 | 6,500 - 8,000 sqft | 3 | 2 | 62 | 4 | 1 | 14 |