$2,950,000
1,259 SqFt
2 Beds
•2 Full Baths
BambacePetersonTeam, Listing Office: Compass
Is Pacific Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Pacific Grove has remained a Seller's Market.
Key Takeaway
Pacific Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pacific Grove, CA
How much do homes in Pacific Grove, CA cost?
Median Sold Price
$1,490,000
$1,101/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,005(-0.2%)
Key Takeaway
The sold price of homes in Pacific Grove has remained the same since last year.
Summary: The median home sold price in Pacific Grove was $1,490,000 in November 2024, down 0.2% from last year, and the median price per square foot was $1,101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $1.1M | 0.0% |
| 2 Bedrooms | $1.2M | $1.3M | +10.0% |
| 3 Bedrooms | $1.4M | $1.5M | +8.8% |
| 4 Bedrooms | $1.9M | $1.7M | -10.1% |
| 5+ Bedrooms | $1.8M | $2.3M | +23.5% |
Summary: Pacific Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
| Pebble Beach | $2.6M | $2.8M | +5.8% |
| Pacific Grove | $1.4M | $1.4M | -0.2% |
| Seaside-Monterey | $1.1M | $1.0M | -6.7% |
| Monterey | $1.1M | $1.0M | -7.6% |
Housing Supply in Pacific Grove, CA
How many homes are available in Pacific Grove, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Pacific Grove real estate market had 42 homes for sale in November 2024, a 5.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Pacific Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pacific Grove, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Pacific Grove in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 81 Days | +227.7% |
Summary: Homes in Pacific Grove had an average of 81 days on market in Nov 2024, up by 227.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pacific Grove are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Pacific Grove; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.