About 93940
A lesser-known jewel of
Monterey County, the once small town of Del Rey Oaks, California has blossomed into a city of more than 1,650 residents. It offers an abundance of modern amenities that come with a full city government, comprised of a City Council, Planning Commission, Police and Fire Departments, City Clerk’s Office and Maintenance Department. The city of Del Rey Oaks can be accessed via Highway 1, 218 or 68 (Monterey Salinas Highway), and also offers a variety of public transportation options under the Monterey-Salinas Transit and the Transportation Agency of
Monterey County. Del Rey Oaks real estate offers its residents countless public and private schooling options at the Monterey Peninsula Unified School District. For the luxury and convenience of residents and visitors alike, the city of Del Rey Oaks recently opened the Stone Creek Shopping Center, a new development located at the intersection of Canyon Del Rey Road and Highway 68. The Stone Creek Shopping Center boasts a wide variety of specialty boutiques, restaurants, Wells Fargo Bank, UPS, an Emergency Clinic, a salon, and the largest Safeway in the County. Search for homes in Del Rey Oaks or
Find an Agent for help in exploring Del Rey Oaks and the neighboring cities of
Monterey,
Carmel and
Gonzales.
REAL ESTATE MARKET STATISTICS
Location: 93940
Geography Type: Zip
Data Period: Mar 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $1,150,000 (-22.9% YoY)
Average Sale Price: $1,251,557
Active Listings: 34
New Listings: 17
Pending Sales: 5
Closed Sales: 12
Median Days on Market: 53 days
Average Days on Market: 86 days
Median Price/SqFt: $705
Average Price/SqFt: $768
Sale-to-List Ratio: 97%
Months of Inventory: 4.8
Total Sale Volume: $15,018,695
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $483,000
Average Sale Price: $576,285
Active Listings: 17
New Listings: 6
Pending Sales: 3
Closed Sales: 7
Median Days on Market: 6 days
Average Days on Market: 21 days
Median Price/SqFt: $733
Average Price/SqFt: $730
Sale-to-List Ratio: 99%
Months of Inventory: 3.2
Total Sale Volume: $4,034,000
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MARKET INTERPRETATION
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• BALANCED MARKET: 3-6 months of inventory suggests equilibrium between buyers and sellers.
• PRICE REDUCTIONS: Homes selling at 3% below asking price on average.
May 2024 – Mar 2026
Single-family homes in 93940 have a median sale price of $1,150,000, down 2.3% over the past 3 months. There are 34 active listings, and 12 homes sold last month, with a median of 53 days on market. Condos and townhomes average $483,000, with 17 currently available. The price per square foot is $705 for single-family homes versus $733 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes