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Featured local agent — Pacific Grove, CA
Sarah Mitchell
Compass Real Estate · Pacific Grove, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pacific Grove, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.29Mmedian sale price
How is the Pacific Grove, CA housing market right now?
The median home sale price in Pacific Grove, CA is $1.29M, down 48.5% year-over-year. Homes sell in an average of 12 days with 34 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pacific Grove a buyer's or seller's market?
Pacific Grove, CA is currently a strong seller's market, based on 1.5 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
12
Fast-moving
Active listings
34
1.5 months supply
Sale-to-list
100.4%
Above asking
What does the Pacific Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.29M |
| Median list price | $1.70M |
| Year-over-year price change | -48.5% |
| Average days on market | 12 days |
| Active inventory | 34 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $1,134/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 17 |
| Listings with a price cut | 38.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Pacific Grove by property type?
How the Pacific Grove, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.48M | $1,206/sq ft | 20 | 16 days |
| Condo / Co-op | $1.15M | $773/sq ft | 1 | 3 days |
| Townhouse | $1.30M | $782/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The Pacific Grove housing market is currently classified as a strong seller's market with a median sale price of $1.29M. Prices have fallen 48.5% compared to last year, with homes spending an average of 12 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 13.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Pacific Grove
There are currently 34 homes listed for sale in Pacific Grove, California. The median listing price is $1.7M.
Active listings
34
Homes on market
Median list price
$1.7M
Avg. days on market
12
Days until sale
New this week
17
Newly listed
Who lives in Pacific Grove?
Population
15,003
Median income
$105,568/yr
Median age
50.3 years
Owner-occupied
48.8%
College grads
58.5%
Avg commute
21 min
Source: U.S. Census Bureau ACS
What are homes worth in Pacific Grove?
Zillow home value
$1.41M
Zillow rent index
$2,961/mo
Price-to-rent ratio
39.6x
Price-to-income
13.3x
Source: Zillow Research
What is it like to live in Pacific Grove?
Pacific Grove is a community of approximately 15K residents with a median age of 50.3 years.The median household income is $105,568, which reflects a relatively affluent area with strong earning potential. 58.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 48.8%, showing a blend of owner and renter-occupied properties. The average commute time is 21 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pacific Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pacific Grove?
6 schools tracked · 2,205 students
The largest public schools serving Pacific Grove, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Pacific Grove High
Grades 9-12 · 520 students
Monterey Bay Charter
Grades K-8 · 478 students
Pacific Grove Middle
Grades 6-8 · 445 students
Robert Down Elementary
Grades K-5 · 403 students
Forest Grove Elementary
Grades K-5 · 345 students
Community High (Continuation)
Grades 9-12 · 14 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Pacific Grove, CA?
Want a head-to-head view? Compare Pacific Grove side-by-side with any other U.S. city using our market-comparison tool.
Is Pacific Grove a good real estate investment market?
For investors evaluating Pacific Grove, the price-to-rent ratio of 39.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 48.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Pacific Grove's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Pacific Grove's median home price.
Frequently asked questions
What is the average home price in Pacific Grove?
The median home sale price in Pacific Grove is $1.29M, down 48.5% from last year.
How long do homes stay on market in Pacific Grove?
Homes typically spend 12 days on market before going under contract.
What is the median income in Pacific Grove?
The median household income is $105,568 per year.
Is Pacific Grove a buyer's or seller's market?
With 1.5 months of supply, Pacific Grove is currently a strong seller's market.
What is the Zillow home value estimate for Pacific Grove?
The Zillow Home Value Index (ZHVI) for Pacific Grove is $1.41M, representing the typical home value in the area.
What is the median condo price in Pacific Grove?
The median condo/co-op sale price in Pacific Grove, CA is $1.15M, compared to $1.48M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pacific Grove?
The median single-family home price in Pacific Grove, CA is $1.48M (about $1,206 per square foot).
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