Is Seaside-Monterey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Seaside-Monterey has remained a Seller's Market.
Housing Prices in Seaside-Monterey, CA
How much do homes in Seaside-Monterey, CA cost?
Median Sold Price
$1,065,000
$714/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seaside-Monterey was $1,065,000 in May 2024, up 5.5% from last year, and the median price per square foot was $714.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $515K | $525K | +1.9% |
2 Bedrooms | $760K | $870K | +14.5% |
3 Bedrooms | $1.0M | $1.0M | -0.1% |
4 Bedrooms | $1.5M | $1.5M | -5.1% |
5+ Bedrooms | $2.6M | $2.4M | -8.8% |
Summary: Seaside-Monterey housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 8.8%.
Housing Supply in Seaside-Monterey, CA
How many homes are available in Seaside-Monterey, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
255 | 285 | +11.8% |
Summary: The Seaside-Monterey real estate market had 285 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 16 | 0.0% |
2 Bedrooms | 50 | 55 | +10.0% |
3 Bedrooms | 108 | 125 | +15.7% |
4 Bedrooms | 54 | 57 | +5.6% |
5+ Bedrooms | 27 | 32 | +18.5% |
Summary: The Seaside-Monterey housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 71 | +10.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Seaside-Monterey in May 2024, up by 10.9% month-over-month. Of the 69 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for Seaside-Monterey, CA
How long does it take to sell a home in Seaside-Monterey, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 32 Days | -1.5% |
Summary: Homes in Seaside-Monterey had an average of 32 days on market in May 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 71 homes were sold in Seaside-Monterey; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.