About Pacific Grove
Located at the tip of the scenic Monterey Peninsula, Pacific Grove real estate has been dubbed by Life Magazine “The Most Romantic City in the U.S.,” and is known for its beauty, small-town hospitality, and friendliness. The city is host to the Point Pinos Lighthouse (the oldest continuously-operated lighthouse on the west coast), Asilomar State Park, and Pacific Grove Municipal Golf Course which is the top rated municipal golf course in the state. Pacific Grove is also known as Butterfly Town U.S.A. because every October the Monarch butterfly migrates to Pacific Grove’s Monarch Butterfly Sanctuary where they stay until February. This city offers breath taking views of the Pacific Ocean and tons of recreational options for its residents. Students attend schools in the Pacific Grove Unified School District which is ranked the best of all public school districts on the Monterey Peninsula according to its Academic Performance Index scores. The city is neighbored by
Monterey and
Carmel, and Highway 1 and Highway 68 run through it making it just a short drive away from Sand City,
Pebble Beach and other
Monterey County cities. Pacific Grove also has an award winning natural history museum, great shopping districts and boasts the lowest crime of any city in Monterey County. Pacific Grove real estate is very popular and you can
Find An Agent to help you explore this beautiful area. You can search Pacific Grove homes on your own by searching its
93950 zip code.
REAL ESTATE MARKET STATISTICS
Location: Pacific Grove
Geography Type: City
Data Period: Jun 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $1,506,500 (28.2% YoY)
Average Sale Price: $1,856,464
Active Listings: 37
New Listings: 14
Pending Sales: 2
Closed Sales: 14
Median Days on Market: 21 days
Average Days on Market: 46 days
Median Price/SqFt: $1,266
Average Price/SqFt: $1,249
Sale-to-List Ratio: 97%
Months of Inventory: 2.9
Total Sale Volume: $25,990,500
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $1,050,000
Average Sale Price: $1,050,000
Active Listings: 2
New Listings: 2
Pending Sales: 1
Closed Sales: 1
Median Days on Market: 281 days
Average Days on Market: 281 days
Median Price/SqFt: $432
Average Price/SqFt: $432
Sale-to-List Ratio: 100%
Months of Inventory: 3
Total Sale Volume: $1,050,000
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MARKET INTERPRETATION
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• SELLER'S MARKET: Less than 3 months of inventory indicates strong demand and competitive conditions for buyers.
• PRICE REDUCTIONS: Homes selling at 3% below asking price on average.
Aug 2024 – Jun 2026
Single-family homes in Pacific Grove have a median sale price of $1,506,500, up 4.1% over the past 3 months. There are 37 active listings, and 14 homes sold last month, with a median of 21 days on market. Condos and townhomes average $1,050,000, with 2 currently available. The price per square foot is $1,266 for single-family homes versus $432 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes