1 / 20
Price cut: $201,000 (7/20)
OPEN SATURDAY, 8PM - 10PM
$899,000FOR SALE
3 beds · 2 baths · 1,808 sqft
Del Monte Realty, Inc.
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63 homes in 93940
Homes for Sale in 93940
Monterey, CA
17 Via Castanada, Monterey, CA 93940
1 / 30
Price cut: $176,000 (3/1)
VIRTUAL TOUR
$799,000FOR SALE
2 beds · 2 baths · 1,247 sqft
Berkshire Hathaway HS Real Time Realty
1 / 20
Price cut: $255,000 (6/4)
3D TOUR
$1,595,000FOR SALE
4 beds · 3 baths · 2,127 sqft
Loans Realty Elite Corporation
1 / 20
Price cut: $50,000 (8/3)
VIDEO TOUR
$529,000FOR SALE
2 beds · 2 baths · 1,026 sqft
Compass
1 / 20
OPEN SATURDAY, 6PM - 8PM
VIRTUAL TOUR
$1,242,700FOR SALE
2 beds · 2 baths · 1,125 sqft
Sotheby's International Realty
1 / 20
OPEN SATURDAY, 6PM - 9PM
VIRTUAL TOUR
$585,000FOR SALE
2 beds · 2 baths · 789 sqft
Real Brokerage Technologies
1 / 26
Price cut: $436,500 (4/26)
$1,050,000FOR SALE
3 beds · 2 baths · 1,050 sqft
Real Brokerage Technologies
1 / 18
Price cut: $100,000 (3/9)
VIRTUAL TOUR
$825,000FOR SALE
3 beds · 3 baths · 1,360 sqft
Monterey Coast Realty
1 / 43
Price cut: $600,000 (9/8)
3D TOUR
$5,900,000FOR SALE
4 beds · 6 baths · 6,003 sqft
Carmel Realty Company
1 / 50
Price cut: $136,000 (5/29)
$859,000FOR SALE
3 beds · 2 baths · 1,613 sqft
Bay Homes and Estates
1 / 15
Price cut: $30,500 (8/4)
VIRTUAL TOUR
$419,000FOR SALE
1 beds · 1 baths · 560 sqft
Phillips Real Estate
1 / 20
Price cut: $200,000 (7/6)
VIRTUAL TOUR
$2,400,000FOR SALE
4 beds · 5 baths · 3,790 sqft
Coldwell Banker Realty
1 / 20
Price cut: $98,500 (7/14)
VIRTUAL TOUR
$1,199,500FOR SALE
3 beds · 3 baths · 1,380 sqft
Keller Williams Realty
1 / 27
Price cut: $150,000 (6/26)
VIRTUAL TOUR
$1,850,000FOR SALE
3 beds · 2 baths · 1,718 sqft
Carmel Realty Company
1 / 20
Price cut: $100,000 (6/29)
VIRTUAL TOUR
$1,250,000FOR SALE
3 beds · 3 baths · 2,625 sqft
Sotheby's International Realty
1 / 30
Price cut: $7,000 (8/3)
VIRTUAL TOUR
$455,000FOR SALE
1 beds · 1 baths · 560 sqft
eXp Realty of California Inc
About 93940 Real Estate
About Monterey: The 93940 ZIP code is in Monterey, CA. Monterey is a city on the southern edge of Monterey Bay, on the Central Coast of California. Located in Monterey County, the city occupies a land area of 8.645 sq mi (22.39 km2) and recorded a population of 30,218 in the 2020 census.
Today, the 93940 area has 63 homes for sale with a median listing price of $1.1M. The average price per square foot is $764.
93940 Area Market Pulse
Topfind Market Read
The picture is mixed here. Selling times have improved 46% versus six months ago, yet the typical home takes about 83 days to sell, and 60% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Buyer leverageBalancedSeller leverage
Median Home Price
$1.13M
↓ 21% over the past yearChart shows the median closed sale price by month
$1.4M$1.2M$990.3K$769.5K
Sep 25
Dec 25
Mar 26
Jun 26
Months of Supply
Estimated time to sell all listings at the current sales pace
3.3 months of supply
Balanced Supply63 active listings currently on the market.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
3.3
0369+
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~83 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
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. The trend is moving the other way though, with selling times down 46% over the last six months.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
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.
New
Active
Aging
Stale
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 93940 Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
HomeownersRenters
38%
Homeowners
62%
Renters
Homeownership is 17.5 points lower than the California average (55.5%)
Higher renter rates typically mean more rental inventory and neighborhood turnover.
12,420 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
1 Bed$463K
2 Bed$700K
3 Bed$1.2M
4 Bed$2.5M
5 Bed$2.4M
Each additional bedroom adds about $479K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$1.3M)
Price Reductions
38
38 listings have reduced their price
60% of active listings
Average reduction: 7.9% (~$89K)
A sizable share of sellers have trimmed their asking price. Those listings are the clearest place to negotiate.
Explore Nearby Cities
Browse homes for sale in cities near Monterey
Frequently Asked Questions about Homes for Sale in 93940, CA
How many homes are for sale in 93940, CA?
There are currently 63 homes for sale in 93940, ranging from $419,000 to $5,950,000. 4 of them hit the market within the last week.
What is the median home price in 93940?
The median list price in 93940 is $1,125,000. Price per square foot averages $764. Prices are down 21.1% compared to a year ago.
How fast do homes sell in 93940?
Homes in 93940 currently average 83 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
Looking for a home in 93940?
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