The Heinrich Team

Monterey, CA 93940

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel


Monterey, CA 93940

Fri Oct 15 2021
This week the median list price for Monterey, CA 93940 is $1,398,000 with the market action index hovering around 55. This is less than last month's market action index of 61. Inventory has increased to 35. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Fri Oct 15 2021
This week the median list price for Monterey, CA 93940 is $1,398,000 with the market action index hovering around 55. This is less than last month's market action index of 61. Inventory has increased to 35. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,398,000
Median Price of New Listings $1,160,000
Per Square Foot $704
Average Days on Market 66
Median Days on Market 35
Price Decreased 31%
Price Increased 3%
Relisted 3%
Inventory 35
Median Rent $3,350
Market Action 55
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
$3,400,000 5,485 1 - 2.5 acres 5 6 18 0 0 59
$1,890,000 2,800 0.25 - 0.5 acre 4 3 62 0 1 35
$1,249,000 1,626 4,500 - 6,500 sqft 3 2 64 4 2 42
$850,000 1,040 4,500 - 6,500 sqft 2 1 89 2 2 21