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Market Intelligence · CA / Monterey County

Monterey, CA home prices and housing market

1 ZIP market liveData updated September 2026Typical value$1.12M1-yr changeUp1.4%

The typical home value in Monterey, CA is $1.12M as of September 2026, up 1.4% from a year ago, based on the Zillow Home Value Index. In the typical Monterey ZIP code, the median list price is $1.21M and homes spend a median of 73 days on market as of September 2026 (Realtor.com).

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The coverage

Monterey, by the numbers.

Typical home valueZillow ZHVI, September 2026
$1.12M
1-yr changeMedian across Monterey ZIPs
+1.4%
ZIP markets live4 tracked in Monterey
1
County
Monterey County

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12-month value trend

+1.4% over 12 months

Typical home value in Monterey over the last 12 months: $1.1M in Sep 2025 to $1.12M in Sep 2026 (+1.4%).

Sep 2025$1.1M

Sep 2026$1.12M

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

Context

The typical home value in Monterey is $1,119,557, up 1.4% over the past year as of September 2026. That is modest appreciation, not a surge. Sellers are asking more than that typical value, with a median list price of $1,206,250, and buyers are taking their time. Homes sit a median of 73 days on market, and 18.6% of listings have taken a price cut. Inventory is thin, with 64 homes for sale and 28 new listings, so well-priced homes can still find buyers. The read for a homeowner deciding whether to sell is that Monterey supports a sale, but only if you price with discipline and expect a longer timeline than a hot market.

The numbers

What is the housing market like in Monterey, CA?

Typical home value

$1.12M

Up1.4%YoY

Median list price

$1.21M

Days on market

73

Homes for sale

64

Price cuts

18.6%

New listings

28

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

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

Prices over time

Monterey, CA home prices over time

Typical home values in Monterey, CA are up 1.4% over the past year, from $1.1M in September 2025 to $1.12M in September 2026.

Typical home value in Monterey, CA, September of each year
MonthTypical value1-yr change
September 2026$1,119,557+1.4%
September 2025$1,104,243No prior year

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

Market balance

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

Monterey, CA leans toward a buyer's market.

Homes are taking longer to sell, which gives buyers more room to negotiate.

Based on a median of 73 days on market and 19% of listings with a price cut in the typical Monterey ZIP code, and 28 new listings against 64 active listings across Monterey, as of September 2026 (Realtor.com).

The outlook

Monterey housing market forecast 2027

+1.0%

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

A weighted average of Zillow's ZIP forecasts, across 1 Monterey ZIP code, points to typical home values rising 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in Monterey rose 1.4%, per the Zillow Home Value Index.

Will home prices drop in Monterey?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Monterey shows typical home values rising 1.0% by September 2027, after a 1.4% 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 Monterey 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 Monterey?

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 4 Monterey ZIP codes in total; the remaining 3 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Monterey, CA home prices.

How much is a home in Monterey worth?

The typical home value in Monterey is $1,119,557 as of September 2026. That is a citywide figure, so an individual home can land above or below it depending on condition and location.

Are home prices rising in Monterey?

Typical values are up 1.4% over the past year as of September 2026. That is slow, steady growth rather than rapid gains.

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

The median days on market is 73 as of September 2026. With 18.6% of listings taking a price cut, accurate pricing from day one matters.

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

Monterey, CA leans toward a buyer's market. Homes are taking longer to sell, which gives buyers more room to negotiate. Based on a median of 73 days on market and 19% of listings with a price cut in the typical Monterey ZIP code, and 28 new listings against 64 active listings across Monterey, as of September 2026 (Realtor.com).

Nearby markets

More California housing markets.

The market is moving

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