Range Homes Market Report

Monterey, CA 93940

Single-Family Homes

925-226-8586 | www.rangehomes.com | DRE# 02111757



Monterey, CA 93940

Thu Dec 01 2022
This week the median list price for Monterey, CA 93940 is $2,672,500 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 20. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Monterey, CA 93940

Thu Dec 01 2022
This week the median list price for Monterey, CA 93940 is $2,672,500 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 20. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Monterey market.
Median List Price $2,672,500
Median Price of New Listings $1,635,000
Per Square Foot $719
Average Days on Market 146
Median Days on Market 91
Price Decreased 30%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent
Market Action 43
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$4,950,000 4,836 1 - 2.5 acres 5 5 31 0 0 168
$2,750,000 4,648 0.5 - 1 acre 4 3 30 0 0 154
$1,949,000 3,356 0.5 - 1 acre 4 3 68 2 2 189
$1,089,000 900 4,500 - 6,500 sqft 2 2 84 0 0 14