The Heinrich Team

Pacific Grove, CA 93950

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel



Pacific Grove, CA 93950

Thu Mar 30 2023
This week the median list price for Pacific Grove, CA 93950 is $1,824,500 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 12. 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

Thu Mar 30 2023
This week the median list price for Pacific Grove, CA 93950 is $1,824,500 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 12. 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 $1,824,500
Median Price of New Listings $1,424,500
Per Square Foot $985
Average Days on Market 104
Median Days on Market 28
Price Decreased 17%
Price Increased 8%
Relisted 17%
Inventory 12
Median Rent
Market Action 47
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
$4,689,000 4,930 8,000 - 10,000 sqft 4 4.5 97 0 0 21
$1,850,000 1,858 4,500 - 6,500 sqft 3 2.5 46 0 0 119
$1,725,000 2,047 0 - 4,500 sqft 4 3 33 1 0 7
$1,050,000 974 0 - 4,500 sqft 3 1 97 1 0 252