The Monterey, CA housing market is a strong buyer's market, scoring 27 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 96 homes for sale and 3.6 months of supply. Homes in Monterey, CA sold for a median of $1,600,000, up 58.0% from the prior month, or $852 per square foot. The average sale price in Monterey, CA was $11,073,000, above the median because a few high-priced homes pull the average up. The typical home goes under contract in 97 days, sales close at 97.6% of asking price and 23.8% of homes sell above list. 36.5% of active Monterey, CA listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-10-08 and are based on 28 recorded sales and 96 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 8375 Monterra Vws Lot 155, Monterey | —/— | $1,000,000 | 2026-10-08 |
| 26264 Paseo Del Sur, Monterey | 4/4,720 | $4,310,000 | 2026-10-07 |
| 691 Fernwood Ave, Monterey | 2/1,525 | $1,300,000 | 2026-10-05 |
| 1 Walter Colton Dr, Monterey | 4/2,568 | $2,500,000 | 2026-10-05 |
| 41 Castro Rd, Monterey | 3/1,976 | $1,750,000 | 2026-10-05 |
| 300 Glenwood Cir Apt 186, Monterey | 1/692 | $535,000 | 2026-10-02 |
| 564 Mar Vista Dr, Monterey | 3/1,700 | $1,290,000 | 2026-10-02 |
| 570 Casanova Ave, Monterey | 2/1,277 | $786,000 | 2026-09-30 |
Monterey, CA is currently a strong buyer's market, at 27 out of 100 on our buyer-to-seller scale, which blends months of supply, sale-to-list price, days on market and the share of listings with price cuts. There are 3.6 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in Monterey, CA sold for $1,600,000 over the last 30 days. That is up 58.0% from the month before.
The average sale price in Monterey, CA was $11,073,000, above the median because a few high-priced homes pull the average up. The median ($1,600,000) is the middle sale, so it better reflects a typical home; the average is the total of all prices divided by the number of sales.
Homes in Monterey, CA take a median of 97 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 97 days is worth a second look on price.
Homes in Monterey, CA close at a median of 97.6% of their asking price, and 23.8% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 96 homes actively for sale in Monterey, CA, about 3.6 months of supply at the current sales pace.