Keller Williams Coastal Estates' Market Report

Pacific Grove, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



Pacific Grove, CA

Sun May 29 2022
This week the median list price for Pacific Grove, CA is $1,534,500 with the market action index hovering around 84. This is an increase over last month's market action index of 82. Inventory has increased to 14. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Pacific Grove, CA

Sun May 29 2022
This week the median list price for Pacific Grove, CA is $1,534,500 with the market action index hovering around 84. This is an increase over last month's market action index of 82. Inventory has increased to 14. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Pacific Grove market.
Median List Price $1,534,500
Median Price of New Listings $1,220,444
Per Square Foot $1,267
Average Days on Market 13
Median Days on Market 7
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 14
Median Rent
Market Action 84
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$3,900,000 2,248 8,000 - 10,000 sqft 3 3 92 1 1 14
$1,875,000 1,562 0 - 4,500 sqft 3 3 72 0 2 21
$1,499,997 1,687 4,500 - 6,500 sqft 3 2 86 1 0 7
$895,444 725 0 - 4,500 sqft 2 1 94 2 2 3