The Heinrich Team

Monterey, CA 93940

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel


Monterey, CA 93940

Sat Jan 23 2021
This week the median list price for Monterey, CA 93940 is $1,525,000 with the market action index hovering around 47. This is less than last month's market action index of 51. Inventory has held steady at or around 29. 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

Sat Jan 23 2021
This week the median list price for Monterey, CA 93940 is $1,525,000 with the market action index hovering around 47. This is less than last month's market action index of 51. Inventory has held steady at or around 29. 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 $1,525,000
Per Square Foot $608
Days on Market 100
Price Decreased 24%
Price Increased 7%
Relisted 0%
Inventory 29
Median Rent $3,325
Most Expensive $5,495,000
Least Expensive $739,000
Market Action 47
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
$3,998,000 4,836 1 - 2.5 acres 5 6 19 0 0 158
$2,300,000 3,829 0.5 - 1 acre 4 4 28 2 2 159
$1,250,000 2,570 0.25 - 0.5 acre 4 3 61 1 0 50
$962,000 1,393 4,500 - 6,500 sqft 3 2 61 1 4 40