About Monterey
The City of Monterey is located in
Monterey County and is one of the most historic cities in California’s rich history. It was the capital of Alta California during both the Spanish and Mexican rule and is home to California's first theatre, public building, public library, publicly funded school, printing press, and newspaper. Today Monterey is a waterfront community that offers beautiful views of its California coastline. The city is home to world-renowned attractions and festivals highlighted by the Monterey Bay Aquarium, Cannery Row and Fisherman’s Wharf’s shopping and restaurants, and the Monterey Jazz Festival. Monterey homes and their residents experience a temperate year-round climate perfect for kayaking, scuba diving, surfing, whale watching, golfing or any other outdoor activity this city provides. This city is neighbored by
Pacific Grove,
Carmel, Sand City, and
Del Rey Oaks. It’s easily accessible to other Monterey County cities via Highway 1, Highway 68, U.S. Route 101, and its own Monterey Regional Airport. Monterey has a diverse job market with the city’s top employers including the best in hospitality, healthcare, education and research. There are great schools at all grade levels and the area is home to a Naval Postgraduate School as well. We recommend
Find An Agent to help you discover your ideal Monterey home or you can modify your own Monterey real estate search by searching these zip codes:
93940,
93941, or
93943.
REAL ESTATE MARKET STATISTICS
Location: Monterey
Geography Type: City
Data Period: Mar 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $1,150,000 (-22.9% YoY)
Average Sale Price: $1,251,557
Active Listings: 30
New Listings: 17
Pending Sales: 5
Closed Sales: 12
Median Days on Market: 53 days
Average Days on Market: 86 days
Median Price/SqFt: $705
Average Price/SqFt: $768
Sale-to-List Ratio: 97%
Months of Inventory: 4.6
Total Sale Volume: $15,018,695
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $483,000
Average Sale Price: $576,285
Active Listings: 15
New Listings: 5
Pending Sales: 3
Closed Sales: 7
Median Days on Market: 6 days
Average Days on Market: 21 days
Median Price/SqFt: $733
Average Price/SqFt: $730
Sale-to-List Ratio: 99%
Months of Inventory: 2.8
Total Sale Volume: $4,034,000
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MARKET INTERPRETATION
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• BALANCED MARKET: 3-6 months of inventory suggests equilibrium between buyers and sellers.
• PRICE REDUCTIONS: Homes selling at 3% below asking price on average.
May 2024 – Mar 2026
Single-family homes in Monterey have a median sale price of $1,150,000, down 4.2% over the past 3 months. There are 30 active listings, and 12 homes sold last month, with a median of 53 days on market. Condos and townhomes average $483,000, with 15 currently available. The price per square foot is $705 for single-family homes versus $733 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes