The Monterey housing market is somewhat competitive. The median sale price of a home in Monterey was $730K last month, up 256.3% since last year. The median sale price per square foot in Monterey is $126, up 10.5% since last year.
What is the housing market like in Monterey today?
In October 2024, Monterey home prices were up 256.3% compared to last year, selling for a median price of $730K.
$375K
Sale Price
+130.8% since last year
$126
Sale $/Sq. Ft.
+10.5% since last year
Under List Price
2.9%
Days on Market
59
Down Payment
—
Total Homes Sold
2
To compare other locations to the Monterey and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Monterey's median sale price is 14% lower than the national average. Overall cost of living in Monterey is 10% lower than the national average. Learn which home features in Monterey add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Monterey housing market?
Monterey is somewhat competitive. Homes sell in 59 days.
0
100
42
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 59 days.
Hot homes
can sell for around list price and go pending in around 40 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Monterey housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Monterey.
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Monterey has a moderate risk of flooding. 145 properties in Monterey are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Monterey. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Monterey has a moderate risk of wildfire. There are 1,180 properties in Monterey that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Monterey.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Monterey has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Monterey is most at risk from hurricanes. 1,180 properties in Monterey have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 59 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 69 mph.