Homes for Sale Under 400K in Monterey, CA

120 Homes for Sale

Sort by:Newest Listings

Don't miss out on new listings — and get instant email alerts!

Do Real Estate on the Go!

Find your dream home, receive real-time updates, and many more!

OPEN APP

Monterey, CA Housing Market Overview

Monterey is a balanced market, giving buyers and sellers room to negotiate. With 2.2 months of supply and homes averaging 58 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

58

Inventory

48

Sep 2021Jun 2024Sep 2026

Median Home Price

$1,172,500Down 10.33%

In Sep 2026 · YoY

Sep 2021Aug 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
48 Down 27.27%
Newly Listed Homes
69 Down 16.87%
Months of Supply
2.2 Down 56.00%

Housing Demand

Homes Sold
66 Up 65.00%
Sale-to-List Ratio
98.9% Up 0.73%
Homes Sold Above List
28.6% Up 38.76%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full Monterey Market Report
Oak Grove, Monterey Neighborhood Guide
Ryan Ranch, Monterey Neighborhood Guide
Skyline, Monterey Neighborhood Guide
Mortgage Calculator
How Much House Can I Afford
How to Buy a House
Best Places to Live in California
Safest Places to Live in California
Expensive Places to Live in California
Cheapest Places to Live in California
  • mls-imgIDX Logo

    Based on information from California Regional Multiple Listing Service, Inc. as of Oct 11, 2026, 7:45 PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.

Click to see all homes
static map image
Satellite
Monterey, CA Housing Marketlink qauare
Homes Available icon

120

Homes Available

Median List Price icon

$ 1,172,500

Median List Price

Avg on Market icon

58 Days

Avg on Market

Close IconHouzeo

Do Real Estate on the Go!

OPEN APP
For Sale
Price
Beds & Baths
Home Type
Filters
Save Search Share