The Heinrich Team
Pacific Grove, CA 93950
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Pacific Grove, CA 93950
Wed Oct 04 2023
This week the median list price for Pacific Grove, CA 93950 is $1,811,500 with the market action index hovering around 52. This is an increase over last month's market action index of 47. Inventory has decreased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $1,811,500 | |
| Median Price of New Listings | $2,349,000 | |
| Per Square Foot | $1,029 | |
| Average Days on Market | 71 | |
| Median Days on Market | 21 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 52 | |
| Strong Seller's Market | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $3,199,000 | 2,600 | 6,500 - 8,000 sqft | 4 | 3.5 | 65 | 0 | 0 | 49 |
| $1,875,000 | 2,334 | 8,000 - 10,000 sqft | 3 | 3 | 69 | 1 | 0 | 14 |
| $1,650,000 | 1,567 | 0 - 4,500 sqft | 4 | 3 | 118 | 0 | 2 | 21 |
| $1,350,000 | 1,309 | 4,500 - 6,500 sqft | 3 | 2 | 73 | 0 | 1 | 84 |