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Foreclosures in Monterey, CA 93940

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Monterey, CA Foreclosures

Current Market Conditions in in Monterey, CA As of February 2026?
In the past month, the Monterey housing market has shown signs of increased buyer activity, with a slight uptick in home sales. This is partially attributed to favorable interest rates and the ongoing demand for coastal properties. Additionally, sellers are still receiving competitive offers, indicating that the market remains robust despite seasonal fluctuations.
How much do homes sell for in Monterey, CA?
The average home price is currently $1,251,598.
In Monterey, CA, how many homes are available?
There are currently 37 active home listings available in Monterey.
What’s the average rental cost in Monterey, CA?
The average rental price in Monterey is $2,664.
What is the most expensive home in Monterey?
The most expensive home sold in Monterey had a price of $20,148,556.
What is currently the cheapest priced home in Monterey, CA?
The cheapest home for sale in Monterey is priced at $13,546.

Living in Monterey, CA

Monterey is a scenic coastal city located on the Monterey Peninsula along the central coast of California. Known for its stunning ocean views and rich maritime history, it offers a vibrant lifestyle with a variety of attractions, including the renowned Monterey Bay Aquarium. The city's charming downtown area is filled with shops, restaurants, and art galleries, making it a perfect destination for both residents and tourists.

Buyer vs Seller Market in Monterey, CA

The Monterey real estate market has been witnessing steady appreciation rates due to its desirable coastal location and quality of life. Homes in Monterey typically sell quickly, often receiving multiple offers. New developments and limited inventory continue to drive up prices, particularly in the most sought-after neighborhoods. Buyers are encouraged to act fast in this competitive market.

Home Value Estimator For Monterey, CA

There are currently 14,886 real estate properties in Monterey, CA, with a median automated valuation model (AVM) price of $1,134,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monterey, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Monterey, CA, is $1,251,598.00, with the most expensive house in Monterey, CA, topping out at $20,148,556.00 and the cheapest home in Monterey, CA, clocking in at $13,546.00. In other words, there’s something for every potential homebuyer or savvy investor in Monterey, CA!

Rent Prices In Monterey, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monterey, CA, is on a rollercoaster ride. The average rent price in Monterey, CA, is $2,664.00. Indeed, when looking to rent in Monterey, CA, you can expect to pay as little as $1,300.00 or as much as $5,480.00, with the average rent median estimated to be $2,540.00. The good news is that finding an affordable and desirable property to rent in Monterey, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Monterey, CA 93940 Foreclosures

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