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CARMEL, CA 93923

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The CARMEL, CA real estate market (93923) currently shows 84 active listings, with 16 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 66 days on market compared to 51 days last year.

The median listing price has fallen 10.7% year-over-year, from $2,810,000 to $2,508,750.

Whether you are buying or selling in CARMEL, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 12,630  ·  Density: 24.1/mi²  ·  Median household income: $120,972

Typical home value: $1,430,670  ·  Homeownership: 77.4%

Market Overview

Active Listings
84
⇩ 12.5% vs 96 last year
Pending
16
19% pending ratio
Median Price
$2,508,750
⇩ 10.7% vs $2,810,000 last year
Average Price
$4,969,072
⇧ 13.9% vs $4,362,031 last year
Days on Market
66
⇧ 29.4% vs 51 days last year

Price Per Square Foot

Median $/sqft
$1,066
⇩ 11.1% vs $1,199/sqft last year
Median Home Size
2,129 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 84 this year vs 96 last year
  • Days on market: 66 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $2,508,750 (-10.7% YoY)
  • Average: $4,969,072 (+13.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 37.2 miles — 399 listings ($1,268,461,644 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
93923Carmel, CA 939230.0 mi89$468,766,293$2,950,000$5,267,037
93924Carmel Valley, CA 939249.2 mi36$104,466,168$1,746,250$2,901,838
93953Pebble Beach, CA 9395314.9 mi40$373,557,840$3,786,250$9,338,946
93950Pacific Grove, CA 9395016.4 mi36$65,625,408$1,333,750$1,822,928
93908Salinas, CA 9390818.6 mi31$47,713,526$1,440,000$1,539,146
93901Salinas, CA 9390119.3 mi41$32,762,854$732,500$799,094
93926Gonzales, CA 9392623.7 mi2$1,275,000$637,500$637,500
93925Chualar, CA 9392524.8 mi1$2,200,000$2,200,000$2,200,000
93907Salinas, CA 9390726.1 mi34$35,201,866$903,000$1,035,349
95039Moss Landing, CA 9503928.4 mi5$18,791,500$2,199,000$3,758,300
93928Jolon, CA 9392833.1 mi1$1,200,000$1,200,000$1,200,000
95004Aromas, CA 9500433.4 mi2$2,475,000$1,237,500$1,237,500
95076Watsonville, CA 9507637.2 mi81$114,426,189$985,750$1,412,669

Frequently Asked Questions

How many homes are for sale in CARMEL, CA 93923?

As of March 2026, there are 84 active listings in CARMEL, CA (zip code 93923), compared to 96 the prior year.

What is the median home price in CARMEL, CA 93923?

The median listing price in CARMEL, CA 93923 is $2,508,750 as of March 2026, a 10.7% decrease from $2,810,000 the prior year.

How long do homes stay on the market in CARMEL, CA?

Homes in CARMEL, CA 93923 spend an average of 66 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in CARMEL, CA 93923?

Based on current inventory and days-on-market data as of March 2026, CARMEL, CA 93923 is currently a Balanced Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 66 days on market compared to 51 days last year.

How much can I save on real estate commission in CARMEL, CA?

With SELL123.com's maximum 3% commission, sellers in CARMEL, CA 93923 save an estimated $50,175 compared to a typical 5% commission on the median listing price of $2,508,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.