93923 — Monterey County, California Market Snapshot
Housing market data for zip code 93923 in Monterey County, California. Updated monthly with median prices, days on market, and more.
Market Sales Data
52 sales in 2026 (year to date)
Median Sale Price
$3,175,000
Days to Sell
36
Homes Sold
52
Inventory
66
Sale-to-List
97.2%
New Listings
73
Price/SqFt
$1,672
Pending Sales
58
Jumbo Loan Likely Needed
The median home in 93923 at $3,175,000 exceeds the 2026 conforming loan limit of $994,750 by $2,180,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
93923's market is balanced with homes taking an average of 36 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 93923 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 93923 at $3,175,000 exceeds the 2026 conforming loan limit of $994,750 by $2,180,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 93923 are set at the county level.
2026 Loan Limits — Monterey County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $994,750 | $994,750 |
| 2 Units | $1,273,450 | $1,273,450 |
| 3 Units | $1,539,350 | $1,539,350 |
| 4 Units | $1,913,000 | $1,913,000 |
Affordability Snapshot — Zip 93923
To purchase the median home at $3,175,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $24,476.
Monthly Payment
$24,476
Income Required
$1,048,965
Principal & Interest
$19,563/mo
Down Payment (5%)
$158,750
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 93923.
Estimated Monthly Payment
$19,799
Jumbo loan required. Loan amount exceeds the $994,750 conforming limit for 93923.
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 93923. Tell us what you're looking for.