Monterey Peninsula Home Team - Mark Bruno

Monterey, CA 93940

Single-Family Homes

Keller Williams Coastal Estates


Monterey, CA 93940

Tue Jan 14 2025
This week the median list price for Monterey, CA 93940 is $1,425,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 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.

Slight Seller's Advantage

Market Narrative

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

Tue Jan 14 2025
This week the median list price for Monterey, CA 93940 is $1,425,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 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.

Slight Seller's Advantage

Market Narrative

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 $1,425,000
Median Price of New Listings $995,000
Per Square Foot $791
Average Days on Market 108
Median Days on Market 84
Price Decreased 45%
Price Increased 0%
Relisted 10%
Inventory 29
Median Rent
Market Action 36
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$2,700,000 4,320 0.5 - 1 acre 4 4.5 23 0 0 203
$1,795,000 2,437 0.5 - 1 acre 3 2.5 42 1 0 84
$1,299,000 1,512 4,500 - 6,500 sqft 3 2 69 0 1 56
$954,500 1,147 4,500 - 6,500 sqft 3 1.5 93 4 0 42