Is Carmel-by-the-Sea, 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, Carmel-by-the-Sea has remained a Seller's Market.
Housing Prices in Carmel-by-the-Sea, CA
How much do homes in Carmel-by-the-Sea, CA cost?
Median Sold Price
$2,250,000
$1,510/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Carmel-by-the-Sea was $2,250,000 in May 2024, down 8.7% from last year, and the median price per square foot was $1,510.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.6M | $2.2M | +37.5% |
3 Bedrooms | $2.4M | $2.2M | -10.8% |
4 Bedrooms | $4.4M | $4.2M | -6.0% |
5+ Bedrooms | - | - | N/A |
Summary: Carmel-by-the-Sea housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Carmel | $1.7M | $1.9M | +12.2% |
Seaside-Monterey | $1.0M | $1.0M | +5.5% |
Pebble Beach | $2.7M | $2.7M | 0.3% |
Carmel-by-the-Sea | $2.4M | $2.2M | -8.7% |
Housing Supply in Carmel-by-the-Sea, CA
How many homes are available in Carmel-by-the-Sea, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Summary: The Carmel-by-the-Sea real estate market had 5 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Carmel-by-the-Sea 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Carmel-by-the-Sea in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Carmel-by-the-Sea, CA
How long does it take to sell a home in Carmel-by-the-Sea, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 8 Days | -75.8% |
Summary: Homes in Carmel-by-the-Sea had an average of 8 days on market in May 2024, down by 75.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Carmel-by-the-Sea; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.