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Market Intelligence · CA / Monterey County

Carmel, CA home prices and housing market

1 ZIP market liveData updated September 2026Typical value$2.36M1-yr changeUp6.7%

The typical home value in Carmel, CA is $2.36M as of September 2026, up 6.7% from a year ago, based on the Zillow Home Value Index. In the typical Carmel ZIP code, the median list price is $2.44M and homes spend a median of 71 days on market as of September 2026 (Realtor.com).

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The coverage

Carmel, by the numbers.

Typical home valueZillow ZHVI, September 2026
$2.36M
1-yr changeMedian across Carmel ZIPs
+6.7%
ZIP markets live2 tracked in Carmel
1
County
Monterey County

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12-month value trend

+6.7% over 12 months

Typical home value in Carmel over the last 12 months: $2.21M in Sep 2025 to $2.36M in Sep 2026 (+6.7%).

Sep 2025$2.21M

Sep 2026$2.36M

Median Zillow home value index across Carmel's ZIP codes.

Context

The typical home value in Carmel is $2,359,004, up 6.7% over the past year as of September 2026. The median list price sits at $2,438,750, and homes are taking a median of 71 days to sell. Inventory is limited, with 98 homes for sale and 20 new listings hitting the market in September 2026. At the same time, 19.6% of listings have taken a price cut, which suggests some sellers are starting above what buyers will pay. Values are still climbing, but buyers here are patient and selective. For a homeowner weighing a sale, realistic pricing matters more than usual, because well-priced homes sell while overpriced ones linger and get marked down.

The numbers

What is the housing market like in Carmel, CA?

Typical home value

$2.36M

Up6.7%YoY

Median list price

$2.44M

Days on market

71

Homes for sale

98

Price cuts

19.6%

New listings

20

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Carmel's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Carmel, CA home prices over time

Typical home values in Carmel, CA are up 6.7% over the past year, from $2.21M in September 2025 to $2.36M in September 2026.

Typical home value in Carmel, CA, September of each year
MonthTypical value1-yr change
September 2026$2,359,004+6.7%
September 2025$2,211,845No prior year

Typical value is the median Zillow Home Value Index across Carmel ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Carmel, CA a buyer's or seller's market?

Carmel, CA leans toward a buyer's market.

Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 71 days on market and 20% of listings with a price cut in the typical Carmel ZIP code, and 20 new listings against 98 active listings across Carmel, as of September 2026 (Realtor.com).

The outlook

Carmel housing market forecast 2027

+1.9%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Carmel ZIP code, points to typical home values rising 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in Carmel rose 6.7%, per the Zillow Home Value Index.

Will home prices drop in Carmel?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Carmel shows typical home values rising 1.9% by September 2027, after a 6.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Carmel ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Carmel?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 2 Carmel ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Carmel, CA home prices.

How much is a home in Carmel worth?

The typical home value in Carmel is $2,359,004 as of September 2026, up 6.7% over the past year. The median list price is $2,438,750.

How long does it take to sell a home in Carmel?

Homes in Carmel spend a median of 71 days on the market as of September 2026. About 19.6% of listings have had a price cut, so pricing accurately from the start can help avoid a slower sale.

How many homes are for sale in Carmel?

There were 98 homes for sale in Carmel as of September 2026, with 20 new listings added that month.

Are home prices going up or down in Carmel, CA?

Typical home values in Carmel, CA are up 6.7% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Carmel, CA a buyer's or seller's market?

Carmel, CA leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 71 days on market and 20% of listings with a price cut in the typical Carmel ZIP code, and 20 new listings against 98 active listings across Carmel, as of September 2026 (Realtor.com).

Nearby markets

More California housing markets.

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