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ZIP 93940 in Monterey, CA: housing market trends

The median home sale price in ZIP 93940 in Monterey, CA was $1,149,662 for the three-month period ending September 2026. Sale prices were 9.8% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$1,149,662
three-month period ending September 2026
Median sale price per sq ft
$722.38
three-month period ending September 2026
Active listings
157
three-month period ending September 2026
Typical monthly rent
$2,696
Rent index · August 2026

How is housing inventory changing?

There were 157 active listings for the three-month period ending September 2026. Active listings were 4.7% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 37 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 93940 in Monterey, CA
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$1,149,662$722.3880
Single-familySeptember 2026$1,244,686$739.9060
TownhousesSeptember 2026$1,495,002$654.801 · small sample
Condos / co-opsSeptember 2026$564,983$675.6618
Multifamily (2–4 units)September 2026$1,550,000$693.511 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 93940 in Monterey, CA
MarketMedian sale priceReporting period / source
Del Rey Oaks, CA$840,6003 months ending September 2026 · Redfin
Seaside, CA$799,8693 months ending September 2026 · Redfin
Monterey, CA$1,149,4533 months ending September 2026 · Redfin
Carmel-by-the-Sea, CA$2,550,000Month ending July 2026 · Zillow
Del Monte Forest, CA$2,814,6603 months ending September 2026 · Redfin
Pacific Grove, CA$1,204,4263 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 93940 in Monterey, CA
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$1,149,662$722.38157
August 2026$1,150,000$725.00157
July 2026$1,120,000$693.51167
June 2026$1,160,000$698.73164
May 2026$1,060,000$703.45157
April 2026$1,000,000$686.07147
March 2026$989,250$656.82136
February 2026$1,049,000$632.49137
January 2026$1,071,750$669.15129
December 2025$1,116,500$678.64146
November 2025$1,230,000$721.52149
October 2025$1,272,000$719.38151
September 2025$1,275,000$723.72150
August 2025$1,211,500$733.92155
July 2025$1,150,000$765.57159
June 2025$1,135,000$771.49153
May 2025$1,150,000$741.04148
April 2025$1,085,000$733.33137
March 2025$1,000,000$740.39116
February 2025$990,000$765.46112
January 2025$892,500$735.82109
December 2024$952,500$727.38126
November 2024$988,000$713.92136
October 2024$1,119,500$718.39142

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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