Carmel Valley Housing Market Report – May 2026
Here's a look at how the Carmel Valley, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 14
- Median Sale Price: $1,400,000
- Average Sale Price: $1,498,071
- Average Price Per Sq Ft: $765
- Average Days on Market: 137
- Sale-to-List Price Ratio: 93.4%
Month-Over-Month Trends
Compared to April, the median sale price in Carmel Valley moved 30.0% down (from $2,000,000 to $1,400,000). The number of homes sold was 7.7% up compared to the prior month (13 vs. 14). Average days on market shifted 34.8% down (210 days to 137 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 15.2% down (from $1,650,000 to $1,400,000). Sales volume is 0.0% down year-over-year.
What This Means
Carmel Valley's housing market showed some meaningful momentum in May, though the picture is decidedly mixed. The big headline is that homes are moving faster—average days on market dropped nearly 35 percent month-over-month, from 210 to 137 days. That's a significant acceleration and suggests buyers are becoming more active as we head into summer. The sale-to-list ratio of 93.4 percent indicates sellers are still giving ground on price, though not dramatically. Median prices are down substantially from last month's $2 million level, landing at $1.4 million, which feels like a correction after what may have been an outlier month in April.
Looking at the broader trend, the year-over-year median price decline of 15.2 percent reveals the real story. This isn't a sudden market crash—it's a steady cooling that's been underway. With 93 active listings on the market and a median asking price of $1.35 million, inventory remains relatively healthy, giving buyers genuine options. The fact that listed homes are sitting for an average of 159 days suggests the market is still working through a price discovery phase. For now, Carmel Valley appears to be normalizing after a frothy period, with conditions gradually becoming more balanced between buyers and sellers.
Carmel Valley Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93924 | 11 | $1,200,000 | $733 | 140 |
| 93923 | 2 | $1,284,000 | $902 | 193 |
| 92130 | 1 | $1,940,000 | $912 | 10 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 10 | $1,795,000 | $826 |
| LAND | 3 | $575,000 | N/A |
| MOBILE | 1 | $270,000 | $159 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 2 |
| $500K - $749K | 2 |
| $750K+ | 10 |
Current Active Listings
As of this report, there are 93 active listings in Carmel Valley with a median asking price of $1,350,000 and an average of 159 days on market.
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