Keller Williams Coastal Estates' Market Report

Salinas, CA

Single-Family Homes

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



Salinas, CA

Thu Feb 29 2024
This week the median list price for Salinas, CA is $847,000 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has increased to 49. Click here to stay informed with the Salinas market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Salinas, CA

Thu Feb 29 2024
This week the median list price for Salinas, CA is $847,000 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has increased to 49. Click here to stay informed with the Salinas market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Salinas market.
Median List Price $847,000
Median Price of New Listings $849,000
Per Square Foot $495
Average Days on Market 70
Median Days on Market 28
Price Decreased 18%
Price Increased 4%
Relisted 6%
Inventory 49
Median Rent
Market Action 58
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$1,799,500 3,338 1 - 2.5 acres 4 3.3 50 3 1 140
$939,500 1,912 0.25 - 0.5 acre 3 2.5 37 4 1 42
$749,500 1,604 6,500 - 8,000 sqft 3 2 60 4 5 7
$640,000 1,200 4,500 - 6,500 sqft 3 2 65 2 1 35