Market Update
Monterey Peninsula
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$1.15m
9% less than in
Q1 2025
Q1 2025
Avg. Days On Market
66
175% more than in
Q1 2025
Q1 2025
Closed Sales
228
4% fewer than in
Q1 2025
Q1 2025
Inventory
275
Data unavailable for
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $1.2m | $2.19m | 348 |
| Q1 '23 | $1.24m | $1.6m | 220 |
| Q1 '24 | $1.15m | $1.62m | 213 |
| Q1 '25 | $1.27m | $1.7m | 237 |
| Q1 '26 | $1.15m | $1.84m | 228 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $1m | 41.7% |
|---|---|
| Q1 '26 | 95 |
| Q1 '25 | 89 |
| 1YR CHANGE | +7% |
| Closed $1m - $3m | 46.1% |
| Q1 '26 | 105 |
| Q1 '25 | 116 |
| 1YR CHANGE | -9% |
| Closed $3m - $5m | 7.5% |
| Q1 '26 | 17 |
| Q1 '25 | 25 |
| 1YR CHANGE | -32% |
| Closed Over $5m | 4.8% |
| Q1 '26 | 11 |
| Q1 '25 | 7 |
| 1YR CHANGE | +57% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 60 | $1.2m |
| Q1 '23 | 76 | $1.24m |
| Q1 '24 | 195 | $1.15m |
| Q1 '25 | 24 | $1.27m |
| Q1 '26 | 66 | $1.15m |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-14%
New Listings
New Listings represents the number of properties listed during the quarter.
-1%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
5%
Closed Sales
-4%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
175%
Big Sur
Median
n/a
DOM
0
Sales
0
Inv
6
Carmel
Median
$1.61m
DOM
76
Sales
34
Inv
35
Carmel Valley
Median
$1.59m
DOM
128
Sales
8
Inv
15
Del Rey Oaks
Median
$728k
DOM
53
Sales
4
Inv
4
Marina
Median
$899k
DOM
34
Sales
29
Inv
11
Monterey
Median
$990k
DOM
69
Sales
32
Inv
37
Monterey / Salinas Highway
Median
$975k
DOM
72
Sales
29
Inv
31
Pacific Grove
Median
$1.35m
DOM
37
Sales
26
Inv
32
Pebble Beach
Median
$4.05m
DOM
90
Sales
19
Inv
35
Seaside
Median
$860k
DOM
54
Sales
29
Inv
19