Is Seaside-Monterey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,050,000
$722/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Seaside-Monterey was $1,050,000 in April 2024, up 4.6% from last year, and the median price per square foot was $722.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $560K | $510K | -8.9% |
2 Bedrooms | $755K | $858K | +13.6% |
3 Bedrooms | $1.0M | $1.0M | -0.7% |
4 Bedrooms | $1.5M | $1.4M | -4.6% |
5+ Bedrooms | $2.7M | $2.5M | -7.3% |
Summary: Seaside-Monterey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in Seaside-Monterey, CA
How many homes are available in Seaside-Monterey, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
233 | 268 | +15.0% |
Summary: The Seaside-Monterey real estate market had 268 homes for sale in April 2024, a 15.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 40 | 51 | +27.5% |
3 Bedrooms | 100 | 114 | +14.0% |
4 Bedrooms | 57 | 61 | +7.0% |
5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The Seaside-Monterey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 63 | +16.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Seaside-Monterey in April 2024, up by 16.7% month-over-month. Of the 63 sold homes, 32% were sold under asking, 19% were sold at asking, and 49% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 39 Days | +31.5% |
Summary: Homes in Seaside-Monterey had an average of 39 days on market in Apr 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 63 homes were sold in Seaside-Monterey; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.