A Quick Update for the Monterey County Housing Market - October 15, 2025

Here is a quick summary of the Monterey County Real Estate Market for September/October 2025:

• Inventory has begun to decline as we move into the fall. Months of inventory are up over last year. In September 2024, months of inventory was 5.6 in September 2025 it is now 6.1.

• Median Sales prices decreased year over year. September 2025 - $875,000. September 2024 - $900,000.

• Sales volume has decreased by 6.53% year over year and was 15.3% lower than the prior month. Snapshot of September 2025- $ 325,613,099 compared to September 2024 - $295,704,882.

• Price reductions continue. September sales price to original list price was 97.1%.

• Average Days on Market for September sales was 53 days, up from a year ago when it was 48 days.

  
  

Break Down of Data for Monterey County:

Listings:

• Currently, there are 619 residential homes/condos/townhomes listed for sale

• There are 32 properties listed under $500,000 (5.1% of total listings)

• There are 215 properties listed between $500,000-$1,000,000 (34.7% of total listings)

• There are 61 properties listed over $5,000,000 (9.8% of total listings)

September Sales MTD:

• There have been sales 167

• Median Price per Foot was $753

• Average Days to Sell was 47

• Average Sales Price to list Original List Price was 95.1%

If you are a buyer:

1. Consult your agent and your loan officer and create a plan!

2. Make sure to get pre-qualified.

3. Don't make big purchases that might affect your bank balances or credit score.

4. Be prepared to act quickly if you find a house you like.

5. Make a list of "must haves" and "like to haves" and be prepared to compromise

Data Source: MLS Listings Inc