Monterey County, CA Home Values & Market Trends

The median home price in Monterey County, CA is $767,343.4. There were 2,610 home sales in Monterey County, CA over the past 12 months. The median residential Monterey County, CA home value for transactions over the previous year is $765,057.263. The number of current listings in Monterey County, CA is 139, and the percentage of properties for sale is 139.00%. The county has 80 foreclosures, 6 bank owned properties, 31 headed for auction, and 139 properties for sale.

Monterey County, CA Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Salinas

$ 763,152

$ 434/sqft

Aromas

$ 1,057,000

$ 440/sqft

Carmel

$ 2,366,500

$ 1,092/sqft

Soledad

$ 525,300

$ 334/sqft

Seaside

$ 847,250

$ 593/sqft

Lockwood

$ --

$ --

Monterey

$ 892,000

$ 897/sqft

Jolon

$ --

$ --

Pebble Beach

$ 2,988,000

$ 1,188/sqft

San Ardo

$ --

$ --

Bradley

$ 900,300

$ 322/sqft

Gonzales

$ --

$ --

Pacific Grove

$ 1,386,125

$ 918/sqft

Moss Landing

$ --

$ --

Marina

$ 966,200

$ 454/sqft

Carmel By The Sea

$ --

$ --

King City

$ 450,000

$ 308/sqft

Big Sur

$ --

$ --

Carmel Valley

$ 2,041,500

$ 741/sqft

Chualar

$ --

$ --

Castroville

$ 949,300

$ 644/sqft

San Lucas

$ --

$ --

Greenfield

$ 499,625

$ 360/sqft

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Housing Market Summary for Monterey County, CA

Feb 2023January 2024Change
Median Listing Price$865K$831.3K-3.89%
Median Sold Price$824.7K$831.3K0.80%
Homes For Sale1231240.81%
Homes Sold2,5072,6114.15%
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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%.

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Browse Homes in Monterey County, CA

Monterey County, CA home values range from $49,070 to $35,358,467. Pebble Beach is the priciest city with a median listing home price of $4,165,000, and Soledad is most affordable with average house prices of around $369,000.

Foreclosure
There are 23 cities within Monterey County, CA; within these cities, the median estimated home value for homes in foreclosure ranges from $2,028,000 in Greenfield to the lowest value of $340,500 in Greenfield. Foreclosure homes account for 0.00% of properties in Monterey County, CA with Salinas containing 31 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.05% of all residential properties in Monterey County, CA with Salinas containing 17 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 23 cities within Monterey County, CA; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,032,000 in Carmel to the lowest home value of $441,000 in King City.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Monterey County, CA ranges from the highest value of $475,000 in Pacific Grove to the lowest value of $340,500 in Greenfield. Bank owned homes and properties account for 0.01% of properties in Monterey County, CA. There are 23 cities within Monterey County, CA; Greenfield containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Salinas has 14 auction properties, the highest number of properties going to auction in a single city in the state of Monterey County, CA. Auction homes and other auction properties account for 0.03% of all properties in Monterey County, CA. There are 23 cities within Monterey County, CA; of those cities, the median estimated home value for homes going to auction ranges from $1,416,000 in Carmel to the lowest value of $452,000 in Carmel.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.16% of residential properties in Monterey County, CA with Salinas containing 40 homes for sale, the highest number of listed properties in a single city. There are 23 cities within Monterey County, CA; homes for sale in those cities, have a range of median values from $29,000,000 in Pebble Beach to the lowest value of $291,500 in King City.
    Sold Homes
    The median value for recently sold homes ranges from $2,600,000 in Moss Landing to the lowest price of $138,196 in Moss Landing. There are 23 cities within Monterey County, CA. Salinas has 886 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.82% of properties in Monterey County, CA.

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      Guide for Monterey County, CA

      RealtyTrac Market Report
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      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
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      Long Beach Real Estate Property Values and Cost Per Square Foot on the Rise in 2024
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      Overview of Chula Vista Real Estate Market Trends, Feb 2024
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      RealtyTrac Market Report
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California|posted 8 December 2023

      In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.

      Long Beach Real Estate Property Values and Cost Per Square Foot on the Rise in 2024
      California|posted 27 February 2024

      Strong demand and a robust economy are driving Long Beach’s real estate market, with property values and cost per square foot on the rise.

      Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report
      California|posted 27 February 2024

      A comprehensive analysis of Stockton’s real estate market reveals affordable pricing compared to neighboring cities, with avg home values of $430,000, and a stable $264/sq ft. value.

      Overview of Chula Vista Real Estate Market Trends, Feb 2024
      California|posted 26 February 2024

      The Chula Vista real estate market, in Southern California, displays steady growth with a median transaction value of $750,000 over the past six months, with nuanced fluctuations throughout the year.

      Recently Listed Homes Monterey County, CA

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