Monterey, CA Home Values & Market Trends
Real estate market trends reflect that there have been 324 transactions over the past year in Monterey. The median value for residential home transactions that occurred over the previous year is $1,194,117. The number of current listings in Monterey is 328, and the percentage of properties for sale in the city is 328.00%. Monterey, CA currently has 8 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 328 properties for sale.
Monterey, CA Real Estate Market Overview
Housing Market Summary for Monterey, CA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $1.3M | $1.2M | -4.50% |
| Median Sold Price | $1.2M | $1M | -13.40% |
| Homes For Sale | 165 | 319 | 93.33% |
| Homes Sold | 242 | 209 | -13.64% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Monterey, CA
Browse Homes in Monterey, CA
Monterey home values range from $172,731 to $8,803,418. The median estimated value of a home in Monterey is $1,194,117. The median list price of a home is 1,225,000, and the total count of properties in the city is 560.
- Pre-ForeclosurePre-foreclosure homes account for 1.07% of all residential properties in Monterey, CA with 93940 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Monterey, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,503,892 in 93940 to the lowest home value of $399,061 in 93940.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Monterey, CA ranges from the highest value of $1,600,000 in 93940 to the lowest value of $1,600,000 in 93940. Bank owned homes and properties account for 0.18% of properties in Monterey, CA. There are 3 zips within Monterey, CA; 93940 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions93940 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Monterey, CA. Auction homes and other auction properties account for 0.18% of all properties in Monterey, CA. There are 3 zips within Monterey, CA; of those zips, the median estimated home value for homes going to auction ranges from $716,504 in 93940 to the lowest value of $716,504 in 93940.
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More Real Estate Resources for Monterey, CA
Guide for Monterey, CA
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
