CA · Metro #125

Salinas - CA housing market

The Salinas metro has a typical home value of $850,461, down 0.9% from a year ago. Homes are moving fast at 14 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$850,461
-0.9% vs. year ago
Median sale price
$899,823
-0.8% YoY
Median list price
$1,105,500
Sale-to-list ratio
98.8%
Selling below ask
Days on market
14d
Listings w/ price cut
19.9%
New listings / mo
232
-4.5% YoY
Homes for sale
669
+0.0% YoY
Typical rent
$2,895/mo
+3.4% YoY
Context

How to read this data

The typical home value ($850,461) 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 0.9% over the past year. A home worth $858,185 last year is now worth roughly $850,461.

The median sale price , what homes actually close for , is $899,823. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.

Homes listed in Salinas - CA sit on the market for roughly 14 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 232 new listings hit the market each month in Salinas - CA. There are currently 669 homes for sale, up 0.0% from a year ago.

The typical monthly rent in Salinas - CA is $2,895, up 3.4% year over year. For investors, the price-to-rent ratio here is roughly 24x 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$968,608 +0.3% 19.0d
San Francisco - CA$1,149,215 -0.8% 14.0d
Riverside - CA$585,378 -0.8% 25.0d
San Diego - CA$946,365 -1.1% 16.0d
Sacramento - CA$582,707 -1.6% 12.0d
San Jose - CA$1,610,466 -1.4% 13.0d
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