Market Intelligence · CA / Carmel

Carmel, CA 93923 Housing Market

The typical home value in Carmel, 93923, is $2,359,004, up 6.7% over the past year. The median list price stands at $2,438,750, with homes taking a median 71 days to sell.

Updated September 2026Median value$2359K

The median home value in Carmel, CA 93923 is $2.36M as of September 2026, up 6.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 93923 range

$2.17M to $2.55M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+6.7% over 12 months

Sep 2025$2.21M

Low $2.21MHigh $2.36M

Sep 2026$2.36M

The numbers

What is the 93923 housing market like?

As of September 2026

Typical home value

$2.36M

6.7%YoY

Median list price

$2.44M

3.4%MoM

Days on market

7.6%MoM

Homes for sale

1.0%MoM

Price cuts

19.6%

48.6%MoM

New listings

44.4%MoM

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

The outlook

93923 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 93923 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 93923 rose 6.7%, per the Zillow Home Value Index.

Will home prices drop in 93923?

Zillow's forecast does not call for a drop: it expects typical home values in 93923 to rise 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 93923 home prices compare?

93923$2,359,004
Carmel$2,359,004
California$692,765
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Carmel: 1 ZIP; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

Carmel has 98 homes for sale as of September 2026, with 20 new listings added recently. The median time on market of 71 days reflects a measured pace for this luxury coastal area. Price cuts appear on 19.6% of active listings, suggesting some sellers are adjusting expectations. Despite the price reductions, the yearly appreciation of 6.7% shows underlying strength in the market. Buyers have options and can afford to be selective, so pricing strategy matters for sellers.

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Home price

Down payment20% · $471,801

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Common questions

What people ask us.

What is the typical home value in Carmel, 93923?

The typical home value is $2,359,004, up 6.7% over the past year as of September 2026.

How long do homes typically take to sell in 93923?

The median days on market is 71 days as of September 2026.

What percentage of homes have price cuts in Carmel?

19.6% of listings carried a price cut as of September 2026.

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Nearby ZIP markets.

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