The Heinrich Team

Pacific Grove, CA 93950

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel



Pacific Grove, CA 93950

Mon Jul 04 2022
This week the median list price for Pacific Grove, CA 93950 is $1,795,000 with the market action index hovering around 67. This is less than last month's market action index of 74. Inventory has increased to 24. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 93950

Mon Jul 04 2022
This week the median list price for Pacific Grove, CA 93950 is $1,795,000 with the market action index hovering around 67. This is less than last month's market action index of 74. Inventory has increased to 24. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,795,000
Median Price of New Listings $1,695,000
Per Square Foot $1,154
Average Days on Market 23
Median Days on Market 14
Price Decreased 25%
Price Increased 0%
Relisted 4%
Inventory 24
Median Rent
Market Action 67
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
$3,522,500 2,338 6,500 - 8,000 sqft 4 4 78 0 1 38
$1,937,499 2,189 4,500 - 6,500 sqft 3 2.5 62 4 0 3
$1,696,500 1,579 4,500 - 6,500 sqft 3 2 73 1 1 10
$1,324,500 1,724 4,500 - 6,500 sqft 3 1.5 78 4 4 24