Heinrich Brooksher Real Estate Group
Pacific Grove, CA 93950
Single-Family Homes
Heinrich Brooksher Real Estate Group - Carmel Realty Company
Pacific Grove, CA 93950
Sat Dec 21 2024
This week the median list price for Pacific Grove, CA 93950 is $1,794,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,794,000 | |
| Median Price of New Listings | $1,350,000 | |
| Per Square Foot | $1,152 | |
| Average Days on Market | 70 | |
| Median Days on Market | 42 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 42 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,895,000 | 2,512 | 4,500 - 6,500 sqft | 4 | 3 | 70 | 0 | 0 | 63 |
| $1,972,500 | 1,683 | 6,500 - 8,000 sqft | 3 | 2.3 | 75 | 0 | 0 | 80 |
| $1,775,000 | 1,513 | 4,500 - 6,500 sqft | 3 | 2 | 72 | 0 | 0 | 28 |
| $1,100,000 | 1,334 | 0 - 4,500 sqft | 3 | 2 | 70 | 1 | 0 | 35 |