Live Monterey Market Data
The live Monterey market report below updates automatically from MLSListings data: median prices, days on market, inventory, and the latest sales, new listings and pending homes. Beneath it, Nate Randall’s analysis covers the longer view, with prices by year and by area and how the Monterey market works. The live report covers the whole 93940 ZIP code, including the Highway 68 corridor and Del Rey Oaks; the analysis covers the City of Monterey alone.
Monterey Real Estate Market Analysis
The analysis below covers annual trends and the latest 12 months, updated September 2026.
Monterey home prices have held in a narrow band since 2023, and the market is trading more homes with more room on price than at the 2021 and 2022 peak. From October 2025 through September 2026, 150 single-family homes sold in Monterey at a median of $1,200,000, up from 116 sales at a median of $1,251,500 in the same months a year earlier. Homes took longer to sell than the year before, and on September 29, 2026, 31 single-family homes were for sale, about two and a half months of supply at the past year’s pace.
Monterey Home Prices by Year
| Year | Median | $/Sq Ft | % of Orig. List | Days | Sales |
|---|---|---|---|---|---|
| 2020 | $916,500 | $575 | 96.1% | 12 | 166 |
| 2021 | $1,097,006 | $696 | 101.7% | 10 | 220 |
| 2022 | $1,191,000 | $784 | 99.8% | 12 | 137 |
| 2023 | $1,262,000 | $781 | 98.0% | 10 | 100 |
| 2024 | $1,235,000 | $813 | 98.0% | 14 | 131 |
| 2025 | $1,270,000 | $801 | 95.2% | 21 | 126 |
Source: MLSListings. City of Monterey, including New Monterey, Old Town Monterey, Peter’s Gate, Mar Vista, Monte Vista, Deer Flats and Fisherman Flats, Skyline Forest, Villa Del Monte, Casanova and Oak Knoll, Del Monte Beach, Alta Mesa, Oak Grove, Old Del Monte, Downtown and Cannery Row; excludes Del Rey Oaks and the Highway 68 corridor. Single-family residential. Full-year closed sales. Median is the median sale price and Days is median days to sell; $/Sq Ft is the average; % of Orig. List is sale price against original list price.
Monterey Home Prices by Area
| Area | 2025 | Sales |
|---|---|---|
| Casanova / Oak Knoll | $895,000 | 6 |
| Villa Del Monte / Del Monte Grove | $1,073,100 | 13 |
| New Monterey | $1,077,500 | 24 |
| Mar Vista | $1,200,000 | 6 |
| Old Town Monterey | $1,322,500 | 13 |
| Deer Flats / Fisherman Flats | $1,355,500 | 15 |
| Skyline Forest | $1,487,500 | 10 |
| Peter’s Gate | $1,575,000 | 19 |
| Del Monte Beach | $1,908,500 | 5 |
| Alta Mesa / Glenwood Circle | $3,310,125 | 5 |
| Oak Grove | — | 4 |
| Old Del Monte / Aguajito | — | 3 |
| Downtown / Fisherman’s Wharf | — | 2 |
| Monte Vista | — | 1 |
Source: MLSListings. Single-family residential. Median sale price and number of sales, 2025 full-year closed sales; a new year is added each January. — means fewer than 5 sales that year.
Monterey Neighborhoods, From the Water Up, 2018–2026
Across eight years of sales, from mid-2018 through September 2026, in the six Monterey neighborhoods that run from the water up into the trees, price per square foot falls at every step up the hill while home size and build year rise.
| Neighborhood | Sales | Built | Size | $/Sq Ft |
|---|---|---|---|---|
| New Monterey | 281 | 1954 | 1,383 | $786 |
| Old Town Monterey | 110 | 1944 | 1,670 | $713 |
| Peter’s Gate | 154 | 1951 | 1,916 | $680 |
| Mar Vista & Monte Vista | 131 | 1959 | 1,902 | $665 |
| Deer Flats & Fisherman Flats | 104 | 1972 | 2,278 | $610 |
| Skyline Forest | 110 | 1975 | 2,578 | $567 |
Source: MLSListings. New Monterey, Old Town Monterey, Peter’s Gate, Mar Vista and Monte Vista, Deer Flats and Fisherman Flats, and Skyline Forest only. Single-family residential, 890 closed sales from June 29, 2018 to September 15, 2026. Built is the average year built, Size the average square feet and $/Sq Ft the average, as reported by the MLS. Because the window reaches back to 2018, per-foot figures run below current levels; the order is what matters.
Monterey Condo Sales by Year
Monterey has a real condo and townhouse market, spread across the city from Cannery Row and Del Monte Beach to Skyline Forest. The buildings range widely in age, size and setting, so the table shows how many sold each year rather than a single median.
| Year | Sales |
|---|---|
| 2020 | 88 |
| 2021 | 125 |
| 2022 | 71 |
| 2023 | 62 |
| 2024 | 66 |
| 2025 | 67 |
Source: MLSListings. City of Monterey, same areas as above. Condos and townhouses. Full-year closed sales.
How the Monterey Market Works
How Do Home Prices Step Up Across Monterey?
Monterey’s prices follow a line from the water up into the trees. Near the water and downtown, in New Monterey and Old Town Monterey, homes are older and smaller and sit on tighter lots, and buyers pay the most per square foot. Moving inland through Peter’s Gate, Mar Vista and Monte Vista, Deer Flats and Fisherman Flats, and up to Skyline Forest, homes get newer and larger and come with more land. Casanova, Oak Knoll and Villa Del Monte hold the most accessible single-family prices in the city, while Del Monte Beach and Alta Mesa sit at the top of the market. For what each neighborhood is like, see Monterey homes for sale and neighborhoods.
What Moves Value in Monterey?
In Monterey, the real trade is proximity against square footage. The same budget buys an older, smaller home close to the water or a newer, larger one on more land up the hill, and deciding which matters more shapes the rest of the search. Within a neighborhood, views count most, and the steeper streets of New Monterey and the higher parts of the city open bay views from blocks that look ordinary at the corner. Lot size and condition come next, and so does what the property can carry: water credits govern what can be added to an older Monterey home, and older homes in historic districts work through the city’s historic review.
How Do the Seasons Affect the Monterey Market?
Across Monterey County, buyers and sellers rise and fall together through the year, so conditions hold steadier from month to month than in colder markets, and year-to-year change matters far more than the season. What moves with the calendar is volume, with a modest spring edge on pace and price and the thinnest choice for buyers in November and December.
How Long Does It Take to Sell a Home in Monterey?
The typical Monterey home still sells faster than in the Peninsula’s luxury markets, but the pace has lengthened since the 2021 and 2022 peak, and the gap between first asking price and final sale price has widened. Some homes go under contract within days while others take months, and where a particular home lands comes down to the specific property. The table above shows how the pace has moved year by year.
Does the Monterey Market Include Pasadera and Monterra?
No. Pasadera, Monterra, Laguna Seca and Bay Ridge along the Highway 68 corridor carry Monterey addresses, but they are a separate market of larger homes on acreage, and the analysis on this page leaves them out so they don’t move the city’s numbers. Del Rey Oaks, its own city, is also excluded from the analysis.
Buying or Selling in Monterey
Nate Randall has represented buyers and sellers throughout Monterey with Sotheby’s International Realty, from the older streets near downtown to the forested neighborhoods along the ridge. RealTrends Verified ranked him in 2026 among the top 1.5% of real estate professionals nationwide, he has been named to Sotheby’s Top 100 associates nationwide, and he was born and raised on the Monterey Peninsula. For a read on a specific Monterey home, call or text Nate at 831-869-6117, or reach him at nate@randallrealty.com. To see what is for sale now, visit Monterey homes for sale.