Monterey Peninsula Home Team - Mark Bruno

Monterey, CA 93940

Single-Family Homes

Keller Williams Coastal Estates



Monterey, CA 93940

Fri Mar 29 2024
This week the median list price for Monterey, CA 93940 is $1,492,500 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has increased to 18. 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

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.

Monterey, CA 93940

Fri Mar 29 2024
This week the median list price for Monterey, CA 93940 is $1,492,500 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has increased to 18. 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

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 Monterey market.
Median List Price $1,492,500
Median Price of New Listings $1,195,000
Per Square Foot $825
Average Days on Market 72
Median Days on Market 60
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 18
Median Rent
Market Action 48
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
$5,145,000 4,309 1 - 2.5 acres 4 3.8 17 0 0 115
$2,132,500 3,178 0.25 - 0.5 acre 3 3 34 1 0 42
$1,225,000 1,664 4,500 - 6,500 sqft 3 2 61 2 3 70
$949,000 1,121 4,500 - 6,500 sqft 2 1 75 2 1 49