Is Monterey, CA 93940 a buyer’s or seller’s market?
Monterey is a seller’s market. With about 2.1 months of supply and 26% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2.1Under 4 months = seller’s market
Sold above original list25.8%Share of sales, last 3 months
Median sale-to-list98.9%Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$725▼ −1.2% vs. last year
Run the numbers for 93940
Nearby markets
Aromas 95004Seller’s market $600 /sq ftBig Sur 93920Buyer’s market $3,679 /sq ftBradley 93426Buyer’s market $333 /sq ftCarmel 93923Balanced $1,111 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology