Carmel Valley (92130) single-family homes through Sep 2026

Where prices have been since 2019

Closed sales in 92130 through September 2026 tell the story of a strong multi year run. The median price for a single family home was $1.36M in 2019. Three years later it peaked at $2.39M in 2022, then slipped to $2.20M in 2023. Prices came back to $2.60M in 2024 and have held there through September 2026.

From 2019 to 2026 the median price is up 92%, which means a typical Carmel Valley home now costs almost double what it did seven years ago. The average tells a similar story, rising from $1.60M in 2019 to $2.81M this year. The average always sits above the median because a handful of high priced sales pull it up, so the median is the better guide to what you should expect to pay for a typical home.

The chart below shows the month by month rhythm behind those yearly numbers.

This year compared with the same period last year

From January through September 2026 the median sold price is $2.60M and the average is $2.81M, across 180 sales. Over the same months in 2025 the median was $2.56M, the average was also $2.81M, and there were 191 sales. So the typical home sold for a little more this year, the average held steady, and slightly fewer homes changed hands.

Single months can be bumpy because only a handful of homes sell in any one month. February 2026 hit $3.10M on 17 sales, while January had just 5 sales and March had 9. Swings like that can move one month's median a lot without changing the bigger picture for the year.

What this means for an investor

Rents have not kept pace with prices. The median closed lease for a single family home here went from $4,900 a month in 2019 to $6,500 in 2026, a 33% increase, while the median price rose 92%. Put another way, a year of rent covered 4.3% of the median price in 2019 and only 3.0% today. That is the gross rent yield, and a lower yield means less income for every dollar you spend on the purchase.

For buy and hold investors, that points to tighter cash flow and a bigger reliance on paying down the loan and on appreciation to make the numbers work. Use the median price as your typical home when you model a deal, then test a higher priced scenario closer to the average. Check your rent and expense assumptions with the cashflow calculator, browse current listings, and find more local context in the Carmel Valley guide.