Keller Williams Coastal Estates' Market Report

Pacific Grove, CA

Single-Family Homes

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



Pacific Grove, CA

Sat Jun 12 2021
This week the median list price for Pacific Grove, CA is $1,685,250 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has decreased 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Pacific Grove, CA

Sat Jun 12 2021
This week the median list price for Pacific Grove, CA is $1,685,250 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has decreased 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Pacific Grove market.
Median List Price $1,685,250
Median Price of New Listings $1,412,500
Per Square Foot $1,038
Average Days on Market 45
Median Days on Market 25
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 14
Median Rent $4,950
Market Action 67
Strong Seller's Market

Despite this week’s up 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
$4,900,000 4,244 0.25 - 0.5 acre 5 4 25 0 1 14
$1,825,000 2,197 0.25 - 0.5 acre 3 2 64 0 0 14
$1,550,000 1,594 4,500 - 6,500 sqft 3 2 91 2 2 24
$895,000 620 0 - 4,500 sqft 2 1 93 0 3 52