About 93923
Officially titled Carmel-by-the-Sea, this small town is located in
Monterey County and neighbored by
Monterey,
Pebble Beach and
Pacific Grove. Originally founded to be a haven for artists and intellectuals, this seaside town works hard to keep its reputation as a ‘residential city’ intact. A Carmel city ordinance passed in 1929 states that all existing and future businesses must remain subordinate to the city’s ‘residential character,’ and any Carmel home or road built in the city must be created around any existing trees to maintain the town’s natural beauty. Also known for being one of the most dog friendly towns in America, a large portion of Carmel real estate is made up of hotels and restaurants that almost all allow dogs to stay with their owners and some of the restaurants even offer “doggie menus.” Carmel real estate has some of the most picturesque views of the Pacific coastline in California and the town is a popular destination for travelers offering great hotels, restaurants, spas, boutiques, and much more. Carmel is home to many well-known people, including Clint Eastwood. Did you know that he once was the Mayor of Carmel-by-the-Sea? The area has outstanding schools (both private and public) and is serviced by Carmel Unified School District. This quaint and influential town is a great place to raise a family and
Find an Agent to navigate Carmel real estate is highly advisable. You can conduct your own search of Carmel homes by searching the city’s
93921 or
93923 zip codes.
REAL ESTATE MARKET STATISTICS
Location: 93923
Geography Type: Zip
Data Period: Feb 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $3,475,000 (-13.2% YoY)
Average Sale Price: $4,345,000
Active Listings: 50
New Listings: 13
Pending Sales: 2
Closed Sales: 12
Median Days on Market: 34 days
Average Days on Market: 49 days
Median Price/SqFt: $1,196
Average Price/SqFt: $1,480
Sale-to-List Ratio: 100%
Months of Inventory: 6.9
Total Sale Volume: $52,140,000
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $840,000
Average Sale Price: $1,151,365
Active Listings: 16
New Listings: 5
Pending Sales: 0
Closed Sales: 10
Median Days on Market: 17 days
Average Days on Market: 58 days
Median Price/SqFt: $853
Average Price/SqFt: $801
Sale-to-List Ratio: 97%
Months of Inventory: 3
Total Sale Volume: $11,513,650
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MARKET INTERPRETATION
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• BUYER'S MARKET: More than 6 months of inventory gives buyers negotiating leverage.
Apr 2024 – Feb 2026
Single-family homes in 93923 have a median sale price of $3,475,000, up 28.9% over the past 3 months. There are 50 active listings, and 12 homes sold last month, with a median of 34 days on market. Condos and townhomes average $840,000, with 16 currently available. The price per square foot is $1,196 for single-family homes versus $853 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes