Is Pacific Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pacific Grove was a Seller's Market.
Housing Prices in Pacific Grove, CA
How much do homes in Pacific Grove, CA cost?
Median Sold Price
$1,425,000
$1,060/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pacific Grove was $1,425,000 in April 2024, up 2% from last year, and the median price per square foot was $1,060.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $941.9K | $1.1M | +18.9% |
2 Bedrooms | $1.0M | $1.2M | +18.4% |
3 Bedrooms | $1.4M | $1.4M | -1.3% |
4 Bedrooms | $1.9M | $1.9M | +0.8% |
5+ Bedrooms | $1.8M | $2.0M | +13.0% |
Summary: Pacific Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Seaside-Monterey | $1.0M | $1.0M | +4.6% |
Pacific Grove | $1.3M | $1.4M | +2.0% |
Monterey | $1.0M | $1.0M | +1.0% |
Pebble Beach | $3.0M | $2.7M | -10.2% |
Housing Supply in Pacific Grove, CA
How many homes are available in Pacific Grove, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Summary: The Pacific Grove real estate market had 43 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 17 | 14 | -17.6% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pacific Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Pacific Grove in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Pacific Grove, CA
How long does it take to sell a home in Pacific Grove, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 30 Days | +23.4% |
Summary: Homes in Pacific Grove had an average of 30 days on market in Apr 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Pacific Grove; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.