Housing in Monterey, CA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$1,085,000
Median List Price
$950,000
Price Per Sq Ft
$604
Days on Market
34
Active Inventory
38
Months of Supply
3.2
Seller's market
Zillow Home Value
$1,133,733
ZHVI — January 2026
Zillow Rent Index
$2,922
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
8.3%
Off Market in 2 Weeks
25.0%
Sale-to-List Ratio
96.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
12
New Listings
17
Pending Sales
12
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$604
Median List $/SF
$760
Monterey vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Monterey is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$1,003,300
Median Rent
$2,288
Total Housing Units
13,760
Vacancy Rate
9.7%
Owner Occupied
37.9%
Renter Occupied
62.1%
Median Property Tax
$5,799
per year
Monthly Cost (w/ Mortgage)
$2,252
Housing Types
The current median sale price in Monterey, CA is $1,085,000 according to Redfin data. Homes spend a median of 34 days on the market. 8.3% of homes sold above asking price. The market has 3.2 months of supply. The median price per square foot is $604. Zillow's observed rent index is $2,922/month. About 37.9% of housing units are owner-occupied. The median year homes were built is 1970. There are 13,760 total housing units.