$10,000 Closing Credit*
$1,950,000
2,046 SqFt
3 Beds
•2 Full Baths
Bailey Papazian, Listing Office: Compass
Is Seaside-Monterey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Seaside-Monterey has remained a Seller's Market.
Key Takeaway
Seaside-Monterey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seaside-Monterey, CA
How much do homes in Seaside-Monterey, CA cost?
Median Sold Price
$1,072,511
$719/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,822(-1.6%)
Key Takeaway
Homes in Seaside-Monterey have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Seaside-Monterey was $1,072,511 in October 2024, down 1.6% from last year, and the median price per square foot was $719.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $555K | +6.7% |
| 2 Bedrooms | $800K | $925K | +15.6% |
| 3 Bedrooms | $1.1M | $1.0M | -9.4% |
| 4 Bedrooms | $1.4M | $1.5M | +1.5% |
| 5+ Bedrooms | $2.3M | $2.7M | +17.2% |
Summary: Seaside-Monterey housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 17.2%.
Housing Supply in Seaside-Monterey, CA
How many homes are available in Seaside-Monterey, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 304 | 318 | +4.6% |
Summary: The Seaside-Monterey real estate market had 318 homes for sale in October 2024, a 4.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 23 | +15.0% |
| 2 Bedrooms | 60 | 66 | +10.0% |
| 3 Bedrooms | 143 | 139 | -2.8% |
| 4 Bedrooms | 57 | 62 | +8.8% |
| 5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Seaside-Monterey housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 73 | +30.4% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seaside-Monterey, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Seaside-Monterey in October 2024, up by 30.4% month-over-month. Of the 70 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Seaside-Monterey, CA
How long does it take to sell a home in Seaside-Monterey, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 51 Days | +6.9% |
Summary: Homes in Seaside-Monterey had an average of 51 days on market in Oct 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seaside-Monterey are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 73 homes were sold in Seaside-Monterey; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.