Market Intelligence · CA / Carmel

Carmel, CA 93923 Housing Market

The typical home value in Carmel, CA 93923 is $2,363,535, up 4.9% over the past year. The median list price stands at $2,525,000, with homes taking a median of 66 days on market.

Updated August 2026Median value$2350K

The median home value in Carmel, CA 93923 is $2.35M as of August 2026, up 6.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 93923 range

$2.16M to $2.54M

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

+6.1% over 12 months

Typical home value in 93923 over the last 12 months: $2.21M in Aug 2025 to $2.35M in Aug 2026 (+6.1%).

Aug 2025$2.21M

Aug 2026$2.35M

The numbers

What is the 93923 housing market like?

Typical home value

$2.35M

Up6.1%YoY

Median list price

$2.52M

Up5.4%MoM

Days on market

66

Down12.0%MoM

Homes for sale

99

Up6.5%MoM

Price cuts

13.2%

Up14.2%MoM

New listings

36

Up38.5%MoM

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

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The comparison

How do 93923 home prices compare?

  • 93923$2,350,469
  • Carmel$2,350,469
  • California$694,777
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Carmel: 1 ZIPs; California: 1,543 ZIPs; United States: 26,265 ZIPs).

Context

Carmel's market shows steady upward momentum, with home values climbing 4.9% annually. There are 99 homes currently for sale, and 36 new listings have come to market recently. The median days on market of 66 suggests moderate absorption of inventory. However, 13.2% of listings have received price cuts, signaling that not all homes are selling at asking price. Sellers should expect realistic negotiations and be prepared for a measured sales timeline.

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20% · $470,094

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