Monterey Peninsula Home Team - Mark Bruno

Carmel Valley, CA

Single-Family Homes

Keller Williams Coastal Estates



Carmel Valley, CA

Wed Feb 21 2024
This week the median list price for Carmel Valley, CA is $1,862,500 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has decreased to 26. Click here to stay informed with the Carmel Valley market!

Market Action Index

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

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Carmel Valley, CA

Wed Feb 21 2024
This week the median list price for Carmel Valley, CA is $1,862,500 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has decreased to 26. Click here to stay informed with the Carmel Valley market!

Market Action Index

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

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Carmel Valley market.
Median List Price $1,862,500
Median Price of New Listings $0
Per Square Foot $822
Average Days on Market 148
Median Days on Market 123
Price Decreased 27%
Price Increased 0%
Relisted 4%
Inventory 26
Median Rent
Market Action 26
Slight Buyer'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
$3,897,499 3,971 1 - 2.5 acres 4 4 59 0 2 178
$2,345,000 2,883 2.5 - 5 acres 3 3 28 0 1 87
$1,625,000 1,807 2.5 - 5 acres 4 3 52 0 0 98
$1,175,000 1,685 10 - 20 acres 3 2 34 0 1 147