Keller Williams Coastal Estates' Market Report

Pacific Grove, CA

Single-Family Homes

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



Pacific Grove, CA

Mon Jun 05 2023
This week the median list price for Pacific Grove, CA is $1,676,500 with the market action index hovering around 57. This is less than last month's market action index of 62. Inventory has decreased to 8. 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

Mon Jun 05 2023
This week the median list price for Pacific Grove, CA is $1,676,500 with the market action index hovering around 57. This is less than last month's market action index of 62. Inventory has decreased to 8. 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 $1,676,500
Median Price of New Listings $0
Per Square Foot $1,072
Average Days on Market 64
Median Days on Market 49
Price Decreased 63%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 57
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,842,000 3,839 0.25 - 0.5 acre 4 3.8 56 0 1 49
$1,822,500 1,613 4,500 - 6,500 sqft 4 3 99 0 2 126
$1,539,000 1,519 4,500 - 6,500 sqft 3 2.5 65 0 0 52
$1,279,500 1,367 0 - 4,500 sqft 3 1.5 69 0 3 28