93950 Housing Market
Median List Price
$1,850,000
Updated August 2026
Today, the 93950 ZIP code in Pacific Grove, CA has 37 homes for sale at a median list price of $1,850,000, typically selling in about 92 days.
93950 Housing Market Overview
The 93950 ZIP code currently shows a median list price of $1.9M. Compared with Pacific Grove overall, that is a 3.1% premium. There are 37 homes currently listed for sale in the 93950 ZIP code.
One bedroom homes are the most affordable tier at a median of $849,000, while four bedroom homes top the range at $2.1M. Over the last six months, the median price has eased about 5.8%, from $1.3M in February to $1.2M in July.
93950 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 92 days to sell, and 54% of sellers have trimmed their asking price. At the same time, sale prices are up 7% 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
$1.85M
↑ 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
4.6 months of supply
Balanced Supply37 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 ~92 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 93950 Area
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: 2 → 3 bedrooms (+$501K)
Price Reductions
20 listings have reduced their price
54% of active listings
Average reduction: 6.5% (~$119K)
Browse 93950 Listings
Frequently Asked Questions about the 93950 Housing Market
What is the median home price in the 93950 ZIP code?
The median list price in the 93950 ZIP code is $1,850,000 as of August 2026, based on 37 active listings.
Is the 93950 ZIP code a buyer's market or a seller's market?
The 93950 ZIP code currently reads as a buyer's market. Active inventory works out to about 4.6 months of supply at the recent sales pace.
How fast do homes sell in the 93950 ZIP code?
The average home currently for sale in the 93950 ZIP code has been on the market for 92 days.
Are home prices in the 93950 ZIP code going up or down?
The median sale price in the 93950 ZIP code is up about 2.2% compared with a year ago.
How many homes are for sale in the 93950 ZIP code?
There are 37 homes for sale in the 93950 ZIP code right now, including 2 listed within the last week.