Is Carmel Valley, CA 93924 a buyer’s or seller’s market?

The Carmel Valley housing market right now

In the three months ending August 31, 2026, 12% of homes in Carmel Valley, CA 93924 sold above their list price, the typical home went under contract in 78 days and there were 7.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 17 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (24 days then) and the median sale price fell 18% to $1,394,397. Overall, Carmel Valley is less competitive than a year ago, which gives buyers more room.

Within Monterey County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 71%. On our competition score, Carmel Valley ranks #1,040 of 1,069 CA ZIP codes with enough sales (score 14 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.