93923 Housing Market
Median List Price
$2,575,000
Updated August 2026
Today, the 93923 ZIP code in Carmel, CA has 100 homes for sale at a median list price of $2,575,000, typically selling in about 92 days.
93923 Housing Market Overview
The median list price in the 93923 ZIP code is $2.6M. That runs roughly 8.0% lower than Carmel as a whole. Current inventory stands at 100 active listings.
Expect a median around $1M for two bedroom homes and $12.5M at the six bedroom end. February to July saw the median price go from $2.4M to $1.9M, down about 21.6%.
93923 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 10.0 months of supply is more than current demand absorbs, and the typical home takes about 92 days to sell. At the same time, sale prices are up 7% over the last six months and 9% over the past year, and sales volume is up 21% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$2.58M
↑ 9% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
10.0 months of supply
Ample Supply100 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~92 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $1.4M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$2.6M)
Price Reductions
43 listings have reduced their price
43% of active listings
Average reduction: 8.4% (~$217K)
Browse 93923 Listings
Frequently Asked Questions about the 93923 Housing Market
What is the median home price in the 93923 ZIP code?
The median list price in the 93923 ZIP code is $2,575,000 as of August 2026, based on 100 active listings.
Is the 93923 ZIP code a buyer's market or a seller's market?
The 93923 ZIP code currently reads as a buyer's market. Active inventory works out to about 10.0 months of supply at the recent sales pace.
How fast do homes sell in the 93923 ZIP code?
The average home currently for sale in the 93923 ZIP code has been on the market for 92 days.
Are home prices in the 93923 ZIP code going up or down?
The median sale price in the 93923 ZIP code is up about 9.2% compared with a year ago.
How many homes are for sale in the 93923 ZIP code?
There are 100 homes for sale in the 93923 ZIP code right now, including 7 listed within the last week.