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CARMEL, CA 93923

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

Market Analysis

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

The CARMEL, CA real estate market (93923) currently shows 89 active listings, with 18 pending sales. Homes are averaging 75 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 75 days on market compared to 89 days last year.

The median listing price has risen 1.9% year-over-year, from $2,895,000 to $2,950,000.

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
89
⇧ 1.1% vs 88 last year
Pending
18
20% pending ratio
Median Price
$2,950,000
⇧ 1.9% vs $2,895,000 last year
Average Price
$5,267,037
⇧ 13.6% vs $4,636,514 last year
Days on Market
75
⇩ 15.7% vs 89 days last year

Price Per Square Foot

Median $/sqft
$1,126
⇩ 6.2% vs $1,200/sqft last year
Median Home Size
2,272 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 89 this year vs 88 last year
  • Days on market: 75 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $2,950,000 (+1.9% YoY)
  • Average: $5,267,037 (+13.6% 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 36.8 miles — 320 listings ($984,394,698 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
93923Carmel, CA 939230.0 mi85$309,879,060$2,750,000$3,645,636
93924Carmel Valley, CA 939249.2 mi36$93,953,664$1,800,000$2,609,824
93953Pebble Beach, CA 9395314.9 mi32$291,554,144$5,047,500$9,111,067
93950Pacific Grove, CA 9395016.4 mi32$57,332,640$1,389,500$1,791,645
93908Salinas, CA 9390818.6 mi32$52,473,088$1,317,000$1,639,784
93901Salinas, CA 9390119.3 mi34$27,323,896$712,000$803,644
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 mi29$29,057,681$885,000$1,001,989
93960Soledad, CA 9396026.6 mi16$16,958,400$799,000$1,059,900
93920Big Sur, CA 9392029.9 mi10$89,270,000$4,500,000$8,927,000
95045San Juan Bautista, CA 9504533.3 mi10$12,340,000$1,299,000$1,234,000
95019Freedom, CA 9501936.8 mi1$777,125$777,125$777,125

Frequently Asked Questions

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

As of February 2026, there are 89 active listings in CARMEL, CA (zip code 93923), compared to 88 the prior year.

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

The median listing price in CARMEL, CA 93923 is $2,950,000 as of February 2026, a 1.9% increase from $2,895,000 the prior year.

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

Homes in CARMEL, CA 93923 spend an average of 75 days on the market before going under contract, compared to 89 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 February 2026, CARMEL, CA 93923 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 75 days on market compared to 89 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 $59,000 compared to a typical 5% commission on the median listing price of $2,950,000. 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.