Keller Williams Coastal Estates' Market Report

Carmel, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



Carmel, CA

Mon Dec 11 2023
This week the median list price for Carmel, CA is $3,845,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 45. Click here to stay informed with the Carmel market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Carmel, CA

Mon Dec 11 2023
This week the median list price for Carmel, CA is $3,845,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 45. Click here to stay informed with the Carmel market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Carmel market.
Median List Price $3,845,000
Median Price of New Listings $4,642,500
Per Square Foot $1,645
Average Days on Market 147
Median Days on Market 119
Price Decreased 56%
Price Increased 0%
Relisted 2%
Inventory 45
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$6,900,000 3,087 0.5 - 1 acre 4 3.5 63 1 0 105
$4,395,000 1,862 4,500 - 6,500 sqft 3 2.5 25 0 1 105
$3,295,000 2,800 0.25 - 0.5 acre 3 3 58 1 2 147
$2,272,500 2,240 8,000 - 10,000 sqft 3 2.5 43 0 2 126