$2,950,000
5 bd4 ba2,446 sqft
541 Dry Creek Rd
Monterey, CA Housing Market
$1,177,482
1.7% 1-yrThe average Monterey, CA home value is $1,177,482, up 1.7% over the past year.
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Monterey Key Takeaways
Typical Home Values: $1,177,482
1-year Value Change: +1.7%
(Data through March 31, 2025)
Monterey Housing Market Overview
--1-year Market Forecast
57For sale inventory(March 31, 2025)
16New listings(March 31, 2025)
--Median sale to list ratio
--Median sale price(February 28, 2025)
$1,174,500Median list price(March 31, 2025)
--Percent of sales over list price
--Percent of sales under list price
--Median days to pending
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Monterey
- NameMedian ZHVI
- Fisherman Flats$1,239,919
- Deer Flats$1,695,097
- Casanovsa Oak Knoll$888,344
- Glenwood$509,409
- Villa Del Monte$793,100
- Del Monte Grove Laguna Grande$900,026
- Alta Mesa$2,392,055
- Oak Grove$1,097,951
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Monterey Rental Market Trends
$2,670Average rent in Monterey(March 31, 2025)
$2,005National average rent(March 31, 2025)
0.6%Month-over-month change(March 31, 2025)
7.0%Year-over-year change(March 31, 2025)
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
