The New Monterey housing market is somewhat competitive. The median sale price of a home in New Monterey was $1.1M last month, down 16.3% since last year. The median sale price per square foot in New Monterey is $800, down 28.0% since last year.
What is the housing market like in New Monterey today?
In May 2025, New Monterey home prices were down 16.3% compared to last year, selling for a median price of $1.1M. On average, homes in New Monterey sell after 22 days on the market compared to 26 days last year. There were 11 homes sold in May this year, down from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,130,000
-16.3% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
New Monterey, CA
$1,130,000
-16.3%
United States
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How hot is the New Monterey housing market?
New Monterey is somewhat competitive. Homes sell in 30 days.
0
100
56
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 9 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 30 days.
Hot homes
can sell for about 1% above list price and go pending in around 14 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 New Monterey housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in New Monterey.
Flood Factor - Severe
2% of properties are at risk of severe flooding over the next 30 years
Flood Factor
New Monterey has a severe risk of flooding. 12 properties in New Monterey are likely to be
severely affected
by flooding over the next 30 years. This represents 2% of all properties in New Monterey. Flood risk is increasing slower than the national average.
50% of properties are at risk of wildfire over the next 30 years
Fire Factor
New Monterey has a moderate risk of wildfire. There are 1,076 properties in New Monterey that have some risk of being affected by wildfire over the next 30 years. This represents 50% of all properties in New Monterey.
New Monterey has minimal risk of severe winds over the next 30 years
Wind Factor
New Monterey has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.