35 homes in near Wellington M. Smith, Jr.
Homes for Sale near Wellington M. Smith, Jr.
Salinas, CA
About Homes near Wellington M. Smith, Jr.
These are homes for sale within about 2 miles of Wellington M. Smith, Jr. in Salinas. The area around the school has 35 active listings.
Wellington M. Smith, Jr. Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.3 months of supply, and sale prices are up 11% over the last six months and 5% over the past year. At the same time, 31% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$695K
↑ 5% 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
2.3 months of supply
Tight Supply35 active listings against the current sales pace works out to about 2.3 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~40 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 35% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 54% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Wellington M. Smith, Jr. Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
47%
Homeowners
53%
Renters
Homeownership is 8.5 points lower than the California average (55.5%)
43,624 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $150K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 1 → 2 bedrooms (+$241K)
Price Reductions
11 listings have reduced their price
31% of active listings
Average reduction: 4.1% (~$28K)
Wellington M. Smith, Jr. Area Market Overview
Wellington M. Smith, Jr. is a high school in the Monterey County Office of Education. Buyers in the Wellington M. Smith, Jr. area are looking at a median list price of $695,000. That runs roughly 13.1% lower than Salinas as a whole. Since February, the median price has moved up about 8.6% to $755,000 as of July. The Wellington M. Smith, Jr. area has 35 active listings on the market right now. Listings on this page are selected by distance to Wellington M. Smith, Jr., not by a confirmed attendance boundary. Confirm enrollment with the district.
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Frequently Asked Questions about Homes near Wellington M. Smith, Jr.
How many homes are for sale in Wellington M. Smith, Jr. Area, CA?
There are currently 35 homes for sale in Wellington M. Smith, Jr. Area, ranging from $299,000 to $1,029,900. 10 of them hit the market within the last week.
What is the median home price in Wellington M. Smith, Jr. Area?
The median list price in Wellington M. Smith, Jr. Area is $695,000. Price per square foot averages $502. Prices are up 5.2% compared to a year ago.
How fast do homes sell in Wellington M. Smith, Jr. Area?
Homes in Wellington M. Smith, Jr. Area currently average 40 days on the market, a steady pace.
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