Monterey, CA Housing Market Trends

Market Overview for Q3 2026

$1.2M -5.9% Y-o-Y -$75K Y-o-Y
$725 -4.6% Y-o-Y -$35 Y-o-Y
57 -6.6% Y-o-Y -4 Y-o-Y
$931K 11% Y-o-Y $92K Y-o-Y
Monterey, CA Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $1,054,000 $1,100,000 $1,060,000 $1,025,000
2023 0 $1,000,000 $1,143,000 0
2024 $1,025,000 $1,097,000 $1,270,000 $1,000,000
2025 $1,000,000 $1,135,000 $1,275,000 $1,138,000
2026 $1,000,000 $1,169,000 $1,200,000
Monterey, CA Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $676 $733 $702 $656
2023 0 $703 $689 0
2024 $752 $761 $746 $716
2025 $762 $806 $760 $688
2026 $664 $719 $725
Real Estate Transactions in Monterey, CA
Year Q1 Q2 Q3 Q4
2022 102 86 65 51
2023 0 69 58 0
2024 56 80 65 53
2025 50 66 61 64
2026 53 78 57
Monterey County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $820,000 $818,000 $805,000 $755,000
2023 $779,000 $785,000 $825,000 $955,000
2024 $825,000 $875,000 $854,000 $840,000
2025 $970,000 $879,000 $950,000 $890,000
2026 $875,000 $889,000 $885,000
Monterey, CA Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $1,054,000 $1,100,000 $1,060,000 $1,025,000
2023 0 $1,000,000 $1,143,000 0
2024 $1,025,000 $1,097,000 $1,270,000 $1,000,000
2025 $1,000,000 $1,135,000 $1,275,000 $1,138,000
2026 $1,000,000 $1,169,000 $1,200,000
Monterey, CA Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $676 $733 $702 $656
2023 0 $703 $689 0
2024 $752 $761 $746 $716
2025 $762 $806 $760 $688
2026 $664 $719 $725
Real Estate Transactions in Monterey, CA
Year Q1 Q2 Q3 Q4
2022 102 86 65 51
2023 0 69 58 0
2024 56 80 65 53
2025 50 66 61 64
2026 53 78 57
Monterey County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $820,000 $818,000 $805,000 $755,000
2023 $779,000 $785,000 $825,000 $955,000
2024 $825,000 $875,000 $854,000 $840,000
2025 $970,000 $879,000 $950,000 $890,000
2026 $875,000 $889,000 $885,000

Median Sale Price by Number of Bedrooms

Monterey, CA Housing Stock

Property Type
Units
Single Family
6,588
2-4 Family
698
Condo
1,686
Other
41

Monterey County: Demographics

Total population
59,132
Median age
45.5
No high school education
12.9%
Some high school/college
30.9%
Bachelor's degree
24.7%
Average household income
$112,629
Occupied housing units
20,646
Owner-occupied units
51.6%
Renter-occupied units
48.4%
Median year structure built
1963

Discover Housing Market Trends in Other Cities

#
City
Median Sale Price
1
Pacific Grove
$1.3M
2
Marina
$880K
3
Salinas
$775K
4
Los Angeles
$1M
5
San Francisco
$1.6M
6
Jersey City
$737K
7
Miami
$550K
8
Albany
$270K
9
Buffalo
$257K
10
Santa Ana
$900K
11
Beverly Hills
$3.3M
12
Alameda
$1.1M
13
Palo Alto
$3.5M
14
Irvine
$1.4M
15
Santa Monica
$2.0M
16
Anaheim
$925K
17
Pomona
$655K
18
Long Beach
$873K
19
Hoboken
$975K
20
Paterson
$560K