Monterey Housing Market Report – March 2026

Here's a look at how the Monterey, CA real estate market performed in March 2026, based on actual sold data from the MLS.

Market Snapshot

Homes Sold: 18
Median Sale Price: $937,500
Average Sale Price: $1,015,428
Average Price Per Sq Ft: $742
Average Days on Market: 96
Sale-to-List Price Ratio: 98.3%

Month-Over-Month Trends

Compared to February, the median sale price in Monterey moved 10.3% up (from $850,000 to $937,500). The number of homes sold was 20.0% up compared to the prior month (15 vs. 18). Average days on market shifted 14.3% down (112 days to 96 days).

Year-Over-Year Comparison

Compared to March 2025, the median sale price is 20.2% down (from $1,175,000 to $937,500). Sales volume is 12.5% up year-over-year.

What This Means

Monterey's March market is showing some interesting mixed signals. Sales activity picked up nicely this month with 18 homes sold, representing solid month-over-month growth, which is typical as we head into spring. What's encouraging is that homes are moving faster—sellers are getting properties off the market about two weeks quicker than in February. However, the year-over-year picture tells a different story: median prices have dropped 20 percent from last March, suggesting we're in a notably softer market than we were a year ago. The 98.3 percent sale-to-list ratio indicates buyers still have some negotiating power, and sellers aren't commanding the premium prices they once did.

The gap between median ($937,500) and average ($1,015,428) sale prices suggests higher-end properties are skewing the numbers upward, while the bulk of sales cluster lower. With 78 active listings and many sitting for an average of 141 days before getting offers, inventory isn't tight anymore. For buyers, this cooler market means more options and patience pays off. For sellers, the message is clear: pricing realistically and staging properly matter more than ever. The market has shifted decisively into a buyer's favor compared to last year, though March's uptick shows spring seasonality is still providing some momentum.

Monterey Sales by Zip Code

Zip Code	Homes Sold	Median Price	Avg $/SqFt	Avg DOM
93940	18	$937,500	$742	96

Sales by Property Type

Property Type	Homes Sold	Median Price	Avg $/SqFt
SINGLE_FAMILY	11	$1,150,000	$749
CONDOS	5	$479,000	$729
TOWNHOMES	2	$735,000	$733

Sales by Price Range

Price Range	Homes Sold
$400K - $499K	4
$500K - $749K	2
$750K+	12

Current Active Listings

As of this report, there are 78 active listings in Monterey with a median asking price of $1,110,000 and an average of 141 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 the Central Valley — get a no-obligation cash offer today.