Is Carmel, CA 93923 a buyer’s or seller’s market?

The Carmel housing market right now

In the three months ending August 31, 2026, 7% of homes in Carmel, CA 93923 sold above their list price, the typical home went under contract in 42 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 70 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (8% then), homes sold faster (56 days then) and the median sale price rose 20% to $2,261,521. Overall, Carmel is more competitive than a year ago, so tougher for buyers.

Within Monterey County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell less often over asking than in 76%. On our competition score, Carmel ranks #1,011 of 1,069 CA ZIP codes with enough sales (score 21 out of 100).

Nearby, buyers who want less competition could look at Castroville 95012 (0% sold over asking) or Carmel By The Sea 93921 (0% sold over asking), while King City 93930 (53% sold over asking) and Salinas 93907 (53% sold over asking) are even more competitive.