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Market Intelligence · VA / Highland County

Monterey, VA home prices and housing market

1 ZIP market liveData updated September 2026Typical value$280K1-yr changeUp4.6%

The typical home value in Monterey, VA is $280K as of September 2026, up 4.6% from a year ago, based on the Zillow Home Value Index. In the typical Monterey ZIP code, the median list price is $440K and homes spend a median of 168 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
$280K
1-yr changeMedian across Monterey ZIPs
+4.6%
ZIP markets live
1
County
Highland County

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12-month value trend

+4.6% over 12 months

Typical home value in Monterey over the last 12 months: $268K in Sep 2025 to $280K in Sep 2026 (+4.6%).

Sep 2025$268K

Sep 2026$280K

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

Context

Monterey's housing market shows modest momentum. The typical home value in Monterey is $280,493, up 4.6% over the past year as of September 2026. Currently, 11 homes are for sale in the city, with 2 new listings added recently. The median list price stands at $440,000, and homes are taking a median of 168 days on market. None of the active listings have seen price reductions. For homeowners considering a sale, the extended time on market suggests you should price carefully and be prepared for a patient selling process.

The numbers

What is the housing market like in Monterey, VA?

Typical home value

$280K

Up4.6%YoY

Median list price

$440K

Days on market

168

Homes for sale

11

Price cuts

0.0%

New listings

2

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, VA home prices over time

Typical home values in Monterey, VA are up 4.6% over the past year, from $268K in September 2025 to $280K in September 2026.

Typical home value in Monterey, VA, September of each year
MonthTypical value1-yr change
September 2026$280,493+4.6%
September 2025$268,143No 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, VA a buyer's or seller's market?

Monterey, VA 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 168 days on market and 0% of listings with a price cut in the typical Monterey ZIP code, and 2 new listings against 11 active listings across Monterey, as of September 2026 (Realtor.com).

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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.

Zillow ZHVI, September 2026

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Common questions

Questions about Monterey, VA home prices.

What is the typical home value in Monterey?

The typical home value in Monterey is $280,493, which has increased 4.6% over the past year as of September 2026.

How long do homes typically stay on the market in Monterey?

Homes in Monterey have a median of 168 days on market as of September 2026.

How many homes are currently for sale in Monterey?

As of September 2026, there are 11 homes for sale in Monterey, with a median list price of $440,000.

Are home prices going up or down in Monterey, VA?

Typical home values in Monterey, VA are up 4.6% over the past year, based on the Zillow Home Value Index as of September 2026.

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

Monterey, VA 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 168 days on market and 0% of listings with a price cut in the typical Monterey ZIP code, and 2 new listings against 11 active listings across Monterey, as of September 2026 (Realtor.com).

Nearby markets

More Virginia housing markets.

The market is moving

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