Home Values

Monterey Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$447,100

  • 11.7% 1-year change
  • 1.9% 1-year forecast

The median home value in Monterey is $447,100. Monterey home values have gone up 11.7% over the past year and Zillow predicts they will rise 1.9% within the next year. The median price of homes currently listed in Monterey is $395,000.

Foreclosures will be a factor impacting home values in the next several years. In Monterey 11.8 homes are foreclosed (per 10,000). This is greater than the Pittsfield Metro value of 2.9 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Monterey is 0.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Monterey homeowners underwater on their mortgage is 2.0%, which is lower than Pittsfield Metro at 12.3%.

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Relative ZHVI
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Monterey Market Overview

Data through Sep 30, 2014
  • $447,100 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $395,000 Median listing price
  • No data Median sale price
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Monterey Market Health

Data through Sep 30, 2014
  • No recent data
  • No data Average days on Zillow
  • 2.0% Homes with negative equity (17.0% US Avg) (Mar 31, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

11.8 homes(Feb 28, 2014) Monterey
2.9 homes Pittsfield Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Stockbridge $374,600
Town of Lenox $325,900
New Marlborough $325,400
Name Median ZHVI
Town of Great Barrington $299,700
Otis $289,800
Sheffield $276,900
Name Median ZHVI
Sandisfield $241,800
Town of Lee $213,500
Becket $199,300

Listings & Sales

Data through Sep 30, 2014
  • $303 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 31.4% Listings with price cut
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Monterey Rentals

Data through Sep 30, 2014
  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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