Monterey Housing Market Report – April 2026
Here's a look at how the Monterey, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 25
- Median Sale Price: $1,180,000
- Average Sale Price: $1,346,971
- Average Price Per Sq Ft: $699
- Average Days on Market: 77
- Sale-to-List Price Ratio: 98.0%
Month-Over-Month Trends
Compared to March, the median sale price in Monterey moved 25.9% up (from $937,500 to $1,180,000). The number of homes sold was 38.9% up compared to the prior month (18 vs. 25). Average days on market shifted 19.8% down (96 days to 77 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 6.5% down (from $1,261,500 to $1,180,000). Sales volume is 16.7% down year-over-year.
What This Means
Monterey's spring market is showing some intriguing mixed signals this April. On one hand, sales activity surged nearly 39 percent month-over-month, with 25 homes selling compared to just 18 in March—a healthy sign that the seasonal spring buying rush is kicking in. Homes are also moving faster, dropping from 77 days on market to 96 days, suggesting renewed buyer interest. The big story, though, is the 25.9 percent jump in median price to $1.18 million, which signals that buyers are willing to pay up for quality inventory.
But here's where it gets complicated. Year-over-year, the median price is actually down 6.5 percent, and sales volume fell 16.7 percent compared to April 2025. This suggests we're not back to last year's strength yet, even if we're improving monthly. The strong sale-to-list ratio of 98 percent shows properties are moving close to asking price, but with 92 active listings and homes sitting an average of 127 days before selling, inventory isn't exactly scarce for a coastal community like Monterey.
The takeaway: April brought welcome spring momentum and renewed activity, but the market remains softer than a year ago. It's a buyers' market masquerading as something livelier.
Monterey Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93940 | 24 | $1,185,000 | $711 | 79 |
| 95039 | 1 | $1,030,000 | $405 | 32 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 18 | $1,295,000 | $723 |
| CONDOS | 6 | $545,000 | $656 |
| MULTI_FAMILY | 1 | $1,737,000 | $519 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $400K - $499K | 2 |
| $500K - $749K | 3 |
| $750K+ | 19 |
Current Active Listings
As of this report, there are 92 active listings in Monterey with a median asking price of $1,197,000 and an average of 127 days on market.
Thinking About Selling Your Monterey Home?
If you're a homeowner in Monterey considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Monterey and throughout Monterey County — get a no-obligation cash offer today.