The Heinrich Team

Pacific Grove, CA 93950

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel



Pacific Grove, CA 93950

Fri Oct 15 2021
This week the median list price for Pacific Grove, CA 93950 is $1,239,999 with the market action index hovering around 63. This is less than last month's market action index of 71. Inventory has increased 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Pacific Grove, CA 93950

Fri Oct 15 2021
This week the median list price for Pacific Grove, CA 93950 is $1,239,999 with the market action index hovering around 63. This is less than last month's market action index of 71. Inventory has increased 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Pacific Grove market.
Median List Price $1,239,999
Median Price of New Listings $1,275,000
Per Square Foot $998
Average Days on Market 42
Median Days on Market 25
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent $4,826
Market Action 63
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,943,500 2,305 4,500 - 6,500 sqft 3 2 60 1 0 21
$1,262,500 1,184 0 - 4,500 sqft 3 2 88 1 0 14
$1,200,000 1,226 0 - 4,500 sqft 2 1 70 1 0 70
$1,023,950 1,397 4,500 - 6,500 sqft 3 2 68 0 0 28