The Heinrich Team

Pacific Grove, CA 93950

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel



Pacific Grove, CA 93950

Sat Jul 31 2021
This week the median list price for Pacific Grove, CA 93950 is $1,580,000 with the market action index hovering around 74. This is an increase over last month's market action index of 63. Inventory has decreased to 16. 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 93950

Sat Jul 31 2021
This week the median list price for Pacific Grove, CA 93950 is $1,580,000 with the market action index hovering around 74. This is an increase over last month's market action index of 63. Inventory has decreased to 16. 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 $1,580,000
Median Price of New Listings $1,170,000
Per Square Foot $989
Average Days on Market 40
Median Days on Market 28
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent $5,350
Market Action 74
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
$4,449,500 4,349 0.25 - 0.5 acre 5 5 13 1 0 21
$1,893,500 1,954 0 - 4,500 sqft 3 3 91 1 2 35
$1,367,500 1,383 0 - 4,500 sqft 2 2 73 0 1 24
$1,037,500 1,075 0 - 4,500 sqft 2 2 101 3 3 10