Heinrich Brooksher Real Estate Group

Monterey, CA 93940

Single-Family Homes

Heinrich Brooksher Real Estate Group - Carmel Realty Company



Monterey, CA 93940

Mon Oct 07 2024
This week the median list price for Monterey, CA 93940 is $1,800,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 28. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Monterey, CA 93940

Mon Oct 07 2024
This week the median list price for Monterey, CA 93940 is $1,800,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 28. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Monterey market.
Median List Price $1,800,000
Median Price of New Listings $1,999,999
Per Square Foot $807
Average Days on Market 90
Median Days on Market 74
Price Decreased 39%
Price Increased 4%
Relisted 4%
Inventory 28
Median Rent
Market Action 43
Slight Seller's Advantage

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
$3,250,000 4,647 1 - 2.5 acres 4 4.5 33 1 1 77
$1,997,500 3,074 0.25 - 0.5 acre 3 3 41 1 0 126
$1,549,000 1,828 4,500 - 6,500 sqft 3 2 68 0 2 28
$910,000 913 4,500 - 6,500 sqft 2 1 87 1 0 70