Pacific Grove, CA Housing Market
Median List Price
$1,795,000
Updated August 2026
Today, Pacific Grove has 41 homes for sale at a median list price of $1,795,000, typically selling in about 85 days.
Pacific Grove Market Analysis
Homes in Pacific Grove, CA carry a median list price of $1.8M. Per square foot, the median stands at $1,126. The median price moved from $1.3M in February to $1.2M in July, a 10.0% decrease over six months.
The typical listing reaches pending status in about 20 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Right now 41 homes are on the market in Pacific Grove, CA. 15 new listings came on the market in the last 30 days.
Four bedroom homes carry the highest medians at $2.1M, with two bedroom homes starting the range at $1.3M. Single family homes make up about 90.2% of current inventory. The area falls within the 93950 ZIP code.
Pacific Grove Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 85 days to sell, and 49% of sellers have trimmed their asking price. At the same time, sale prices are up 8% over the last six months and 2% over the past year, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$1.79M
↑ 2% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
5.9 months of supply
Balanced Supply41 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~85 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The slowdown has deepened 35% versus six months ago.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in Pacific Grove
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
49%
Homeowners
51%
Renters
Homeownership is 6.5 points lower than the California average (55.5%)
6,988 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $250K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$1.1M)
Price Reductions
20 listings have reduced their price
49% of active listings
Average reduction: 6.4% (~$115K)
Browse Pacific Grove Listings
Frequently Asked Questions about the Pacific Grove, CA Housing Market
What is the median home price in Pacific Grove, CA?
The median list price in Pacific Grove is $1,795,000 as of August 2026, based on 41 active listings.
Is Pacific Grove a buyer's market or a seller's market?
Pacific Grove currently reads as a buyer's market. Active inventory works out to about 5.9 months of supply at the recent sales pace.
How fast do homes sell in Pacific Grove?
Homes that closed in the last 90 days typically went under contract in about 20 days. The average home currently for sale has been on the market for 85 days.
Are home prices in Pacific Grove going up or down?
The median sale price in Pacific Grove is up about 1.6% compared with a year ago.
How many homes are for sale in Pacific Grove, CA?
There are 41 homes for sale in Pacific Grove right now, including 5 listed within the last week.