The Carmel, CA housing market is known for its picturesque coastal properties and steady demand. Understanding the latest trends in pricing, inventory, and buyer behavior is essential for making informed real estate decisions in this desirable area.
The housing market in Carmel, CA is somewhat competitive. The median sale price of a home in Carmel, CA was $2.0M last month, a decrease of 37.3% since last year. The median sale price per square foot in Carmel, CA is $1.73K, a decrease of 1.7% since last year. In August 2024:
Median Sale Price
# of Homes Sold
Median Days on Market
Some properties receive several offers. On average, homes sell for roughly 4% less than the asking price and typically go under contract within 48 days. In contrast, highly sought-after homes can sell close to the listing price and usually go under contract within 24 days.
Where are people moving to Carmel from? Nationwide, 0.35% of homebuyers looked to relocate to Carmel from other metropolitan areas. Among these, homebuyers from San Francisco showed the highest interest in moving to Carmel, followed by those from Los Angeles and Chicago.
Where are people from Carmel moving to? 37% of homebuyers in Carmel searched for properties within the Carmel metropolitan area. Among those looking to relocate, San Luis Obispo was the top choice, followed by Las Vegas and Sacramento.
Discover Your Dream Home in Carmel, CA Today!
Carmel, CA offers a unique blend of stunning coastal beauty, a charming small-town atmosphere, and a vibrant arts scene, making it an ideal place to call home. Enjoy world-class beaches, top-rated schools, and a peaceful lifestyle in this iconic destination.
Explore more about living in Carmel, CA through our articles.
Carmel, CA is not just a beautiful place to live—it's also a smart place to invest. With a strong demand for vacation rentals, luxury properties, and second homes, the local real estate market offers promising returns. Whether you're considering high-end property investments or exploring rental income potential, Carmel's unique coastal appeal and market stability present a range of profitable opportunities.
Explore more articles on investment in Carmel, CA to learn how you can maximize your returns.
Find Your Dream
Carmel Property for Sale
Charms and Coastal Wonders Await Those Living in Carmel, CA.
Navigating the Coastal Market: Strategies and Tips for Successful House Flipping in Carmel, CA.
Unveiling the Lifestyle and Financial Considerations in a Coastal Paradise.
Maybe it’s a vacation home, retirement home, or you are a telecommuter who can live/work just “over the hill,” I’d love to help make it happen.
