Monterey Peninsula Home Team - Mark Bruno

Pacific Grove, CA 93950

Single-Family Homes

Keller Williams Coastal Estates


Pacific Grove, CA 93950

Fri May 09 2025
This week the median list price for Pacific Grove, CA 93950 is $1,649,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has increased to 20. Click here to stay informed with the Pacific Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Pacific Grove, CA 93950

Fri May 09 2025
This week the median list price for Pacific Grove, CA 93950 is $1,649,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has increased to 20. Click here to stay informed with the Pacific Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Pacific Grove market.
Median List Price $1,649,000
Median Price of New Listings $1,337,000
Per Square Foot $1,059
Average Days on Market 57
Median Days on Market 28
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 20
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,969,000 2,495 6,500 - 8,000 sqft 4 3 68 0 0 21
$1,935,000 1,940 4,500 - 6,500 sqft 4 2 68 1 2 35
$1,300,000 1,120 0 - 4,500 sqft 2 2 64 1 1 49
$1,000,000 945 4,500 - 6,500 sqft 2 1 70 2 1 14