Monterey, CA—93940
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$1,109,000
3.7% YoY Growth
Household Income
$111,000
35.3% YoY Growth
Days on Market
85
42.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$2,750
6.9% YoY Growth
1-Bed Rent
$2,250
3.2% YoY Growth
2-Bed Rent
$3,130
15.2% YoY Growth
3-Bed Rent
$4,500
5.4% YoY Growth
Home Price Trends — Monterey, CA
As of Nov '25, the median home price in Monterey, CA is $1,109,000, with a year-over-year change of -3.7%. This indicates that home prices in Monterey, CA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,109,000 | -3.7% |
| Single Family | $1,191,000 | -3.5% |
| Condos | $623,000 | -3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |