Monterey real estate market stats
For the 12 months from November 2025 through October 2026, Monterey single-family homes recorded 177 sales, compared with 129 in the prior 12 months. The average of monthly median sale prices was $1.26M, down 2.7% from $1.30M, and the average sale price was $1.49M, down 3.7% from $1.55M. Price per square foot averaged $766, down 4.2%, and median days to sell averaged 32, compared with 27. Inventory stood at 2.8 months, compared with 4.5. From January through October 2026, there were 148 sales totaling $220.4M, compared with 114 sales and $180.3M in the same ten months of 2025.
These statistics cover single-family homes listed with Monterey as the city in MLSListings (a city search, not a wider MLS area); condos and land are excluded.
Updated through October 2026 · Headline figures cover November 2025 – October 2026 vs the prior 12 months
Monterey averaged about 181 single-family sales per year from 2002 through 2025, and annual totals over the last ten full years ranged from 125 to 265. Even at that volume, a handful of sales can move a single month's figures, so charts default to a trailing 12-month rolling view to smooth month-to-month noise.
January–October 2026 vs 2025
From January through October 2026, Monterey recorded 148 single-family sales totaling $220.4M, compared with 114 sales totaling $180.3M over the same ten months of 2025, so dollar volume was up 22.3%. The average sale price was $1.49M, down 5.8% from $1.58M. The average of monthly median prices was $1.26M, down 5.5% from $1.34M.
| 2026 | 2025 | Change | |
|---|---|---|---|
| Homes sold | 148 | 114 | â–² 29.8% |
| Sales dollar volume | $220.4M | $180.3M | â–² 22.3% |
| Average sale price (volume ÷ sales) | $1.49M | $1.58M | ▼ 5.8% |
| Median sale price (avg of monthly medians) | $1.26M | $1.34M | â–¼ 5.5% |
| Price per sq ft (avg of months) | $766 | $801 | â–¼ 4.3% |
| Sale price vs original asking price | 94.8% | 95.8% | – |
| New listings | 200 | 190 | â–² 5.3% |
| Expired listings | 14 | 19 | â–¼ 26.3% |
From July through September 2026, there were 54 sales totaling $79.5M, compared with 38 sales totaling $63.3M in July through September 2025, so dollar volume rose 25.7%.
See market stats for every Peninsula area I cover on the Monterey Peninsula market stats page.
Explore the market
Explore 20 market stats, month by month from January 2002 through October 2026 (298 months). Switch the time range, view raw months, or see prices in today's dollars.
Monterey, in plain numbers
These statistics cover single-family homes listed with Monterey as the city in MLSListings, from January 2002 through October 2026. The search uses the city only, not a wider MLS area. Condos and land are not included. The default is a 12-month rolling view; monthly figures are also available but are more sensitive to individual sales.
Frequently asked questions
What is the median home price in Monterey, CA?
For November 2025 through October 2026, the average of monthly median sale prices for Monterey single-family homes was $1.26M, down 2.7% from $1.30M in the prior 12 months. This figure averages each month's median rather than taking one median of all sales.
How is the Monterey market doing in 2026 so far?
From January through October 2026, there were 148 single-family sales totaling $220.4M, compared with 114 sales totaling $180.3M in the same ten months of 2025. The average sale price was $1.49M, compared with $1.58M a year earlier.
Are Monterey home prices going up or down?
Both price measures declined over the latest 12 months. The average of monthly medians fell 2.7% to $1.26M, and the average sale price fell 3.7% to $1.49M, compared with November 2024 through October 2025.
What is the price per square foot in Monterey?
Price per square foot averaged $766 for November 2025 through October 2026, down 4.2% from $800 in the prior 12 months.
How long does it take to sell a home in Monterey?
For November 2025 through October 2026, the average of monthly median days to sell was 32 days, up 17.1% from 27 in the prior 12 months. For January through October 2026, it was 30 days, compared with 27 for the same period in 2025.
How does the final sale price compare with the asking price?
From January through October 2026, Monterey homes sold for an average of 97.8% of final list price and 94.8% of original list price. For the same months of 2025, those figures were 98.3% and 95.8%.
How many homes sell in Monterey each year?
Monterey averaged about 181 single-family sales per year from 2002 through 2025, with 143 sales in 2025. Over the last ten full years, annual sales ranged from 125 to 265, and 148 homes sold from January through October 2026.
Is Monterey a buyer's or seller's market?
Inventory stood at 2.8 months for November 2025 through October 2026, down from 4.5 months in the prior 12 months. A common rule of thumb treats about six months of inventory as balanced, so the current figure sits well below that mark.
Single-family homes, MLS data compiled by Jonathan Balog, Broker Associate, DRE 01980970, Compass. Jan 2002 – October 2026. Inflation adjustment: U.S. Bureau of Labor Statistics CPI-U, U.S. city average, all items, not seasonally adjusted (series CUUR0000SA0). Household income: U.S. Census Bureau, Small Area Income and Poverty Estimates (SAIPE), median household income, Monterey County, 2002–2024; later years use the 2024 estimate. The median figure is the average of nonblank monthly medians, not a single median of all transactions in the period. Price per square foot, days to sell and list-price ratios are likewise averages of nonblank monthly figures, while the average sale price is weighted by sales: total dollar volume divided by total sales. Because the two methods differ, the average of monthly medians and the weighted average can move differently. Months with no sales would be left blank rather than recorded as zero; Monterey had no zero-sale months in this period. Two readings are excluded because an original list price was most likely mistyped in the MLS: the April 2017 average original list price ($29,379,217); the November 2009 sale-to-original-price ratio (4,516.9%). Excluded months show as gaps in that chart and are left out of its rolling averages; they do not enter any headline figure. Where the CPI cache had gaps (October 2025 and October 2026), the prior available month's CPI was carried forward. Headline inventory is average active listings divided by average monthly sales over the 12 months; the inventory chart averages monthly MLS inventory readings and can differ from that headline. I pull the underlying market statistics directly from MLSListings and, apart from the exclusions noted above, have not corrected or edited the source numbers. Unusual readings or inconsistencies may reflect the data entered by listing agents.