The Heinrich Team

Pacific Grove, CA 93950

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel


Pacific Grove, CA 93950

Sat Dec 03 2022
This week the median list price for Pacific Grove, CA 93950 is $1,925,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 20. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sat Dec 03 2022
This week the median list price for Pacific Grove, CA 93950 is $1,925,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 20. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,925,000
Median Price of New Listings $2,999,000
Per Square Foot $1,063
Average Days on Market 79
Median Days on Market 56
Price Decreased 40%
Price Increased 0%
Relisted 0%
Inventory 20
Median Rent
Market Action 42
Slight Seller's Advantage

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$3,495,000 2,893 8,000 - 10,000 sqft 4 3 92 1 0 189
$2,349,000 2,406 6,500 - 8,000 sqft 4 3 78 0 0 14
$1,490,000 1,386 0 - 4,500 sqft 3 2 49 0 1 98
$950,000 1,027 0 - 4,500 sqft 3 1 70 0 1 77