CA · Metro #125

Salinas - CA housing market

The Salinas metro has a typical home value of $853,445, down 1.4% from a year ago. Homes are moving fast at 15 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$853,445
-1.4% vs. year ago
Median sale price
$891,576
-1.2% YoY
Median list price
$1,103,000
Sale-to-list ratio
98.5%
Selling below ask
Days on market
15d
Listings w/ price cut
18.7%
New listings / mo
223
+2.3% YoY
Homes for sale
634
+3.4% YoY
Typical rent
$2,853/mo
+3.0% YoY
Context

How to read this data

The typical home value ($853,445) is the Zillow Home Value Index for the Salinas - CA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 1.4% over the past year. A home worth $865,563 last year is now worth roughly $853,445.

The median sale price , what homes actually close for , is $891,576. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.

Homes listed in Salinas - CA sit on the market for roughly 15 days before going pending. Shorter = seller's market; longer = buyer's market.

About 18.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 223 new listings hit the market each month in Salinas - CA. There are currently 634 homes for sale, up 3.4% from a year ago.

The typical monthly rent in Salinas - CA is $2,853, up 3.0% year over year. For investors, the price-to-rent ratio here is roughly 25x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in CA

MetroHome value1-yr changeDays on market
Los Angeles - CA$969,589 +-0.0% 19.0d
San Francisco - CA$1,145,541 -1.5% 14.0d
Riverside - CA$586,623 -1.1% 26.0d
San Diego - CA$943,055 -1.5% 16.0d
Sacramento - CA$581,956 -1.8% 12.0d
San Jose - CA$1,627,300 -1.6% 12.0d
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