About Carmel
Officially titled Carmel-by-the-Sea, this small town is located in
Monterey County and neighbored by
Monterey,
Pebble Beach and
Pacific Grove. Originally founded to be a haven for artists and intellectuals, this seaside town works hard to keep its reputation as a ‘residential city’ intact. A Carmel city ordinance passed in 1929 states that all existing and future businesses must remain subordinate to the city’s ‘residential character,’ and any Carmel home or road built in the city must be created around any existing trees to maintain the town’s natural beauty. Also known for being one of the most dog friendly towns in America, a large portion of Carmel real estate is made up of hotels and restaurants that almost all allow dogs to stay with their owners and some of the restaurants even offer “doggie menus.” Carmel real estate has some of the most picturesque views of the Pacific coastline in California and the town is a popular destination for travelers offering great hotels, restaurants, spas, boutiques, and much more. Carmel is home to many well-known people, including Clint Eastwood. Did you know that he once was the Mayor of Carmel-by-the-Sea? The area has outstanding schools (both private and public) and is serviced by Carmel Unified School District. This quaint and influential town is a great place to raise a family and
Find an Agent to navigate Carmel real estate is highly advisable. You can conduct your own search of Carmel homes by searching the city’s
93921 or
93923 zip codes.
REAL ESTATE MARKET STATISTICS
Location: Carmel
Geography Type: City
Data Period: Jan 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $2,315,000 (-17.8% YoY)
Average Sale Price: $2,474,888
Active Listings: 59
New Listings: 16
Pending Sales: 5
Closed Sales: 9
Median Days on Market: 49 days
Average Days on Market: 77 days
Median Price/SqFt: $1,143
Average Price/SqFt: $1,292
Sale-to-List Ratio: 94%
Months of Inventory: 6.3
Total Sale Volume: $22,274,000
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $992,500
Average Sale Price: $1,275,750
Active Listings: 14
New Listings: 8
Pending Sales: 2
Closed Sales: 4
Median Days on Market: 37 days
Average Days on Market: 79 days
Median Price/SqFt: $747
Average Price/SqFt: $771
Sale-to-List Ratio: 97%
Months of Inventory: 3.8
Total Sale Volume: $5,103,000
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MARKET INTERPRETATION
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• BUYER'S MARKET: More than 6 months of inventory gives buyers negotiating leverage.
• PRICE REDUCTIONS: Homes selling at 6% below asking price on average.
Mar 2024 – Jan 2026
Single-family homes in Carmel have a median sale price of $2,315,000, down 11% over the past 3 months. There are 59 active listings, and 9 homes sold last month, with a median of 49 days on market. Condos and townhomes average $992,500, with 14 currently available. The price per square foot is $1,143 for single-family homes versus $747 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes