About 93940
Monterey is a breathtaking seaside community on the central coast of California. Bursting with history and teaming with activity, visitors travel from far and wide to experience Monterey’s exceptional views, year-round temperate climate and gentle sea breezes, and of course countless attractions. Let Monterey tempt you with kayaking, scuba-diving, surfing, fishing or a whale watching trip, or enjoy these activities, and more, on a regular basis by becoming a resident of Monterey homes. Live in the beautiful hills overlooking this gorgeous seaside town and enjoy the numerous hiking and biking trails, golf courses, shopping and art year round. Among Monterey’s regular festivals, car shows and countless other events, this little town is also home to the renowned Monterey Bay Aquarium, as well as the famous Cannery Row, which was once the home of author John Steinbeck. Monterey and the neighboring cities of
Del Rey Oaks,
Pacific Grove and
Carmel may be easily accessed from other small beach towns as well as the larger metropolises of San Francisco and
San Jose via Highway 68, Highway 1 and the U.S. 101 There’s even the Monterey Regional Airport available for those interested. Monterey has no shortage of resources including the best hospitals, a public library, printing press, newspaper, a publicly funded school, and the Naval Postgraduate School as well as some of the top employers in the Bay. Monterey has an extremely competitive real estate market; we advise using a real estate agent to enrich your options. Use our
Find an Agent tool today and imagine yourself sitting on a bench off Fisherman’s Wharf watching the Sea Otters by tomorrow.
REAL ESTATE MARKET STATISTICS
Location: 93940
Geography Type: Zip
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: $1,377,500 (6.0% YoY)
Average Sale Price: $1,448,750
Active Listings: 34
New Listings: 10
Pending Sales: 3
Closed Sales: 8
Median Days on Market: 34 days
Average Days on Market: 42 days
Median Price/SqFt: $591
Average Price/SqFt: $662
Sale-to-List Ratio: 95%
Months of Inventory: 3.2
Total Sale Volume: $11,590,000
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $1,032,000
Average Sale Price: $1,069,216
Active Listings: 13
New Listings: 9
Pending Sales: 3
Closed Sales: 6
Median Days on Market: 38 days
Average Days on Market: 66 days
Median Price/SqFt: $772
Average Price/SqFt: $890
Sale-to-List Ratio: 97%
Months of Inventory: 2.4
Total Sale Volume: $6,415,300
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MARKET INTERPRETATION
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• BALANCED MARKET: 3-6 months of inventory suggests equilibrium between buyers and sellers.
• PRICE REDUCTIONS: Homes selling at 5% below asking price on average.
Mar 2024 – Jan 2026
Single-family homes in 93940 have a median sale price of $1,377,500, up 4.2% over the past 3 months. There are 34 active listings, and 8 homes sold last month, with a median of 34 days on market. Condos and townhomes average $1,032,000, with 13 currently available. The price per square foot is $591 for single-family homes versus $772 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes