The Heinrich Team

Monterey, CA 93940

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel



Monterey, CA 93940

Wed Apr 24 2024
This week the median list price for Monterey, CA 93940 is $1,574,500 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has increased to 30. 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 93940

Wed Apr 24 2024
This week the median list price for Monterey, CA 93940 is $1,574,500 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has increased to 30. 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 $1,574,500
Median Price of New Listings $1,472,500
Per Square Foot $749
Average Days on Market 50
Median Days on Market 14
Price Decreased 27%
Price Increased 3%
Relisted 0%
Inventory 30
Median Rent
Market Action 46
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$3,100,000 3,282 1 - 2.5 acres 3 3 30 0 0 42
$1,799,000 2,515 8,000 - 10,000 sqft 4 2.5 41 3 0 21
$1,472,500 2,008 6,500 - 8,000 sqft 3 2 58 6 1 0
$1,027,450 1,214 6,500 - 8,000 sqft 3 2 73 3 1 63