Monterey, 93940 Real Estate Overview


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Average Listing Price

  • $1,181,313
  • for week ending May 13
  • +$61,805
  • +5.5%
  • w-o-w

Median Sales Price

  • $535,000
  • Feb '15 - May '15
  • +$235,000
  • +78.3%
  • y-o-y

Average Listing Price $1,181,313 +5.5% w-o-w
Median Sales Price $535,000 +78.3% y-o-y
Average Price/sqft $395 -7.7% y-o-y
Number of Sales 55 -11.3 % y-o-y

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Most popular zip codes Avg. listing Price
Week ending May 13
w-o-w
93940 $1,181,313 +5.5%
93923 $2,520,710 +4.0%
93950 $1,162,635 +5.4%
93924 $1,215,818 +12.5%
93953 $3,368,782 +2.2%
Movers & Shakers Avg. listing price
Week ending May 13
w-o-w
93926 $246,666 -19.6%
93960 $499,799 +15.3%
95012 $378,399 +13.4%
93924 $1,215,818 +12.5%
93940 $1,181,313 +5.5%
View Monterey County Home Prices Map

Summary for Monterey, 93940


The median sales price for homes in ZIP code 93940 in Monterey from Feb 15 to May 15 was $535,000 based on 55 sales. Compared to the same period one year ago, the median sales price increased 78.3%, or $235,000, and the number of sales decreased 11.3%. Average price per square foot for homes in 93940 was $395, an increase of 0.3% compared to the same period last year. There are currently 134 resale and new homes in ZIP code 93940 on Trulia, including 14 open houses, as well as 23 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 93940 was $1,181,313 for the week ending May 13, which represents an increase of 5.5%, or $61,805, compared to the prior week.


District Type Grades Schools Students
Monterey Peninsula Unified Public K - 12 22 11,132
School Name School Type Grades Parent Rating
York School Private 8 - 12
Trinity Christian High School Private 9 - 12
Santa Catalina School Catholic PK - 12
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Homes for Sale in 93940
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