Monterey Housing Market Report – June 2026
Here's a look at how the Monterey, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 31
- Median Sale Price: $1,195,000
- Average Sale Price: $1,356,984
- Average Price Per Sq Ft: $792
- Average Days on Market: 72
- Sale-to-List Price Ratio: 99.3%
Month-Over-Month Trends
Compared to May, the median sale price in Monterey moved 17.2% up (from $1,020,000 to $1,195,000). The number of homes sold was 47.6% up compared to the prior month (21 vs. 31). Average days on market shifted 30.1% down (103 days to 72 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 4.4% up (from $1,145,000 to $1,195,000). Sales volume is 47.6% up year-over-year.
What This Means
Monterey's real estate market is firing on all cylinders this June, showing signs of genuine momentum beneath the surface numbers. While the 47.6% jump in sales volume looks dramatic, this likely reflects improved data collection rather than a true market surge—so focus instead on the meaningful signals. The median price climbed 17.2% month-over-month to $1,195,000, suggesting strong seasonal demand as we head into summer. More tellingly, homes are flying off the market faster, with average days on market dropping from 103 to 72 days. This is a significant shift that indicates serious buyer interest competing for inventory.
The market remains decidedly seller-friendly. Properties are selling at 99.3% of asking price, and the tight inventory of just 112 active listings means there's little room for negotiation. The $792 price per square foot reflects Monterey's premium coastal positioning, and year-over-year median prices are up 4.4%, confirming sustained appreciation even if the monthly jump was partly seasonal. Single-family homes dominate sales, typical for this market. With summer in full swing and mortgage rates presumably stable, don't expect dramatic slowdowns soon—but sustained appreciation at this pace may face headwinds as we approach fall.
Monterey Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93940 | 31 | $1,195,000 | $792 | 72 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 20 | $1,262,500 | $780 |
| CONDOS | 6 | $645,000 | $829 |
| TOWNHOMES | 4 | $1,002,500 | $882 |
| MULTI_FAMILY | 1 | $1,580,000 | $460 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 1 |
| $500K - $749K | 6 |
| $750K+ | 24 |
Current Active Listings
As of this report, there are 112 active listings in Monterey with a median asking price of $1,199,500 and an average of 103 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.
Thinking of selling in Monterey? Get a cash offer.
Takes about 30 seconds. No obligation.