Zip Code: 93923 (Carmel-by-the-Sea, California) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)
Updated on March 22, 2026.
According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 93923 Zip Code (Carmel-by-the-Sea, California) in February 2026 was $2,253,935.334. The month over month percentage change (MoM) was 0.41%, and the year over year percentage change (YoY) was 0.47%.
The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 93923 zip code (Carmel-by-the-Sea, California). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 93923 zip code (Carmel-by-the-Sea, California).
You can see similar information for other California zip codes, and for California.
Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.
Related Topics: Zip Code: 93923 - Zillow House Inventory Topic List
Data Source: Zillow.
Zip Code: 93923 (Carmel-by-the-Sea, California) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 93923 (Carmel-by-the-Sea, California) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
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| Month | ZHVI ($) | MoM Perc. Change (%) | YoY Perc. Change (%) |
|---|---|---|---|
| Jan 2015 | 1159898.8769934776 | 1.06 | 6.35 |
| Feb 2015 | 1175643.1429424796 | 1.36 | 6.56 |
| Mar 2015 | 1188371.567852904 | 1.08 | 6.71 |
| Apr 2015 | 1196183.9912060325 | 0.66 | 6.42 |
| May 2015 | 1198030.629471807 | 0.15 | 5.74 |
| Jun 2015 | 1192651.7388851652 | -0.45 | 5.09 |
| Jul 2015 | 1180183.5675547582 | -1.04 | 4.79 |
| Aug 2015 | 1170012.612039325 | -0.86 | 4.95 |
| Sep 2015 | 1167246.381712104 | -0.24 | 5.33 |
| Oct 2015 | 1177494.2427879241 | 0.88 | 5.30 |
| Nov 2015 | 1189817.7223386408 | 1.05 | 5.18 |
| Dec 2015 | 1207626.8203832703 | 1.50 | 5.22 |
| Jan 2016 | 1232156.9693439135 | 2.03 | 6.23 |
| Feb 2016 | 1261558.7775286667 | 2.39 | 7.31 |
| Mar 2016 | 1282406.6543752032 | 1.65 | 7.91 |
| Apr 2016 | 1291469.3502398897 | 0.71 | 7.97 |
| May 2016 | 1290935.4208219263 | -0.04 | 7.76 |
| Jun 2016 | 1288647.6656657057 | -0.18 | 8.05 |
| Jul 2016 | 1277752.7323982213 | -0.84 | 8.27 |
| Aug 2016 | 1266244.8085356588 | -0.90 | 8.23 |
| Sep 2016 | 1257850.607188688 | -0.66 | 7.76 |
| Oct 2016 | 1262445.5059033597 | 0.37 | 7.22 |
| Nov 2016 | 1272708.6953805683 | 0.81 | 6.97 |
| Dec 2016 | 1287406.0080633564 | 1.16 | 6.61 |
| Jan 2017 | 1298460.9016300251 | 0.86 | 5.38 |
| Feb 2017 | 1310530.2457924003 | 0.93 | 3.88 |
| Mar 2017 | 1318166.8800004653 | 0.58 | 2.79 |
| Apr 2017 | 1328069.7879893815 | 0.75 | 2.83 |
| May 2017 | 1330163.0957932195 | 0.16 | 3.04 |
| Jun 2017 | 1334268.0233584307 | 0.31 | 3.54 |
| Jul 2017 | 1334089.3095582295 | -0.01 | 4.41 |
| Aug 2017 | 1333902.7953130289 | -0.01 | 5.34 |
| Sep 2017 | 1330530.6685479113 | -0.25 | 5.78 |
| Oct 2017 | 1332788.6901229862 | 0.17 | 5.57 |
| Nov 2017 | 1339651.2130678578 | 0.52 | 5.26 |
| Dec 2017 | 1353655.6106115398 | 1.05 | 5.15 |
| Jan 2018 | 1365447.8933185593 | 0.87 | 5.16 |
| Feb 2018 | 1377817.8960583357 | 0.91 | 5.13 |
| Mar 2018 | 1383752.4251200708 | 0.43 | 4.98 |
| Apr 2018 | 1390706.8832952997 | 0.50 | 4.72 |
| May 2018 | 1398691.6220936498 | 0.57 | 5.15 |
| Jun 2018 | 1406535.98968477 | 0.56 | 5.42 |
| Jul 2018 | 1407383.3581820913 | 0.06 | 5.49 |
| Aug 2018 | 1406316.4763580663 | -0.08 | 5.43 |
| Sep 2018 | 1407300.5610483496 | 0.07 | 5.77 |
| Oct 2018 | 1418132.4312258055 | 0.77 | 6.40 |
| Nov 2018 | 1431086.1956957032 | 0.91 | 6.83 |
| Dec 2018 | 1443027.9935952893 | 0.83 | 6.60 |
| Jan 2019 | 1446991.2744854146 | 0.28 | 5.97 |
| Feb 2019 | 1446101.8249589384 | -0.06 | 4.96 |
| Mar 2019 | 1445306.9118176682 | -0.05 | 4.45 |
| Apr 2019 | 1447078.9249129156 | 0.12 | 4.05 |
| May 2019 | 1445945.5915863437 | -0.08 | 3.38 |
| Jun 2019 | 1442763.8506988976 | -0.22 | 2.58 |
| Jul 2019 | 1436471.811979036 | -0.44 | 2.07 |
| Aug 2019 | 1432929.0205632958 | -0.25 | 1.89 |
| Sep 2019 | 1429687.902324251 | -0.23 | 1.59 |
| Oct 2019 | 1429063.8019534585 | -0.04 | 0.77 |
| Nov 2019 | 1427576.1056183316 | -0.10 | -0.24 |
| Dec 2019 | 1424902.4025512896 | -0.19 | -1.26 |
| Jan 2020 | 1422432.7895224218 | -0.17 | -1.70 |
| Feb 2020 | 1424544.2559143063 | 0.15 | -1.49 |
| Mar 2020 | 1430097.135262783 | 0.39 | -1.05 |
| Apr 2020 | 1441667.5608346192 | 0.81 | -0.37 |
| May 2020 | 1449892.2071774139 | 0.57 | 0.27 |
| Jun 2020 | 1456525.3403690301 | 0.46 | 0.95 |
| Jul 2020 | 1461618.544598141 | 0.35 | 1.75 |
| Aug 2020 | 1474982.7391243128 | 0.91 | 2.94 |
| Sep 2020 | 1495486.4814626733 | 1.39 | 4.60 |
| Oct 2020 | 1517368.431746254 | 1.46 | 6.18 |
| Nov 2020 | 1544547.5813289143 | 1.79 | 8.19 |
| Dec 2020 | 1576295.7990728486 | 2.06 | 10.63 |
| Jan 2021 | 1610661.8853048391 | 2.18 | 13.23 |
| Feb 2021 | 1642663.1595298608 | 1.99 | 15.31 |
| Mar 2021 | 1669704.4831866603 | 1.65 | 16.76 |
| Apr 2021 | 1708613.4652701288 | 2.33 | 18.52 |
| May 2021 | 1757733.8943946164 | 2.88 | 21.23 |
| Jun 2021 | 1811730.6805572119 | 3.07 | 24.39 |
| Jul 2021 | 1853633.0770098905 | 2.31 | 26.82 |
| Aug 2021 | 1885110.1138340116 | 1.70 | 27.81 |
| Sep 2021 | 1908940.2549401268 | 1.26 | 27.65 |
| Oct 2021 | 1939842.4911421582 | 1.62 | 27.84 |
| Nov 2021 | 1971157.994221763 | 1.61 | 27.62 |
| Dec 2021 | 2000460.7683265803 | 1.49 | 26.91 |
| Jan 2022 | 2030622.978285499 | 1.51 | 26.07 |
| Feb 2022 | 2072816.8302452124 | 2.08 | 26.19 |
| Mar 2022 | 2131950.1198954596 | 2.85 | 27.68 |
| Apr 2022 | 2192426.1572364555 | 2.84 | 28.32 |
| May 2022 | 2238986.3072161195 | 2.12 | 27.38 |
| Jun 2022 | 2268719.8150061998 | 1.33 | 25.22 |
| Jul 2022 | 2268110.07334855 | -0.03 | 22.36 |
| Aug 2022 | 2237710.375722664 | -1.34 | 18.70 |
| Sep 2022 | 2190885.4483441976 | -2.09 | 14.77 |
| Oct 2022 | 2158882.576695722 | -1.46 | 11.29 |
| Nov 2022 | 2146192.2289790213 | -0.59 | 8.88 |
| Dec 2022 | 2140632.2613355876 | -0.26 | 7.01 |
| Jan 2023 | 2123338.227662619 | -0.81 | 4.57 |
| Feb 2023 | 2102567.435939335 | -0.98 | 1.44 |
| Mar 2023 | 2089187.550687921 | -0.64 | -2.01 |
| Apr 2023 | 2089777.1816130772 | 0.03 | -4.68 |
| May 2023 | 2099482.426066028 | 0.46 | -6.23 |
| Jun 2023 | 2115136.923563013 | 0.75 | -6.77 |
| Jul 2023 | 2143004.049331412 | 1.32 | -5.52 |
| Aug 2023 | 2171910.2465728894 | 1.35 | -2.94 |
| Sep 2023 | 2200061.762113676 | 1.30 | 0.42 |
| Oct 2023 | 2223954.979755191 | 1.09 | 3.01 |
| Nov 2023 | 2240183.100880954 | 0.73 | 4.38 |
| Dec 2023 | 2244948.695910108 | 0.21 | 4.87 |
| Jan 2024 | 2230762.2997831088 | -0.63 | 5.06 |
| Feb 2024 | 2215503.6960068797 | -0.68 | 5.37 |
| Mar 2024 | 2212641.597435473 | -0.13 | 5.91 |
| Apr 2024 | 2222517.013043901 | 0.45 | 6.35 |
| May 2024 | 2236553.828225637 | 0.63 | 6.53 |
| Jun 2024 | 2242250.6689340505 | 0.26 | 6.01 |
| Jul 2024 | 2246870.110373617 | 0.21 | 4.85 |
| Aug 2024 | 2248898.484575754 | 0.09 | 3.55 |
| Sep 2024 | 2254228.988067805 | 0.24 | 2.46 |
| Oct 2024 | 2252927.408365805 | -0.06 | 1.30 |
| Nov 2024 | 2247946.754243167 | -0.22 | 0.35 |
| Dec 2024 | 2239794.599214343 | -0.36 | -0.23 |
| Jan 2025 | 2237267.737651542 | -0.11 | 0.29 |
| Feb 2025 | 2243437.7337900703 | 0.28 | 1.26 |
| Mar 2025 | 2249313.5020215428 | 0.26 | 1.66 |
| Apr 2025 | 2247313.8042133185 | -0.09 | 1.12 |
| May 2025 | 2239246.388726977 | -0.36 | 0.12 |
| Jun 2025 | 2225089.8632115903 | -0.63 | -0.76 |
| Jul 2025 | 2217746.3943673335 | -0.33 | -1.30 |
| Aug 2025 | 2211367.329123594 | -0.29 | -1.67 |
| Sep 2025 | 2217051.8587451284 | 0.26 | -1.65 |
| Oct 2025 | 2223600.475247033 | 0.30 | -1.30 |
| Nov 2025 | 2232850.4840852986 | 0.42 | -0.67 |
| Dec 2025 | 2237987.997981628 | 0.23 | -0.08 |
| Jan 2026 | 2244706.922631711 | 0.30 | 0.33 |
| Feb 2026 | 2253935.333946217 | 0.41 | 0.47 |
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