Pacific Grove Housing Market Report – April 2026
Here's a look at how the Pacific Grove, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 9
- Median Sale Price: $1,575,000
- Average Sale Price: $1,717,000
- Average Price Per Sq Ft: $1,061
- Average Days on Market: 66
- Sale-to-List Price Ratio: 98.7%
Month-Over-Month Trends
Compared to March, the median sale price in Pacific Grove moved 19.3% up (from $1,320,000 to $1,575,000). The number of homes sold was 18.2% down compared to the prior month (11 vs. 9). Average days on market shifted 40.5% down (111 days to 66 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 26.0% up (from $1,250,000 to $1,575,000). Sales volume is 59.1% down year-over-year.
What This Means
Pacific Grove's spring market is showing a tale of two stories. On one hand, home values have surged—median prices climbed 19.3% month-over-month and 26% year-over-year, reaching $1.575 million. This reflects the broader strength of Monterey Peninsula real estate, where coastal appeal and limited inventory continue to command premium prices. On the other hand, transaction volume has dropped sharply, with sales falling 18% from March and 59% from last April. That's the real story: fewer homes are changing hands despite higher prices, suggesting sellers have become more confident in their valuations while buyers face higher mortgage rates and sticker shock.
What's encouraging is the dramatic improvement in market velocity. Homes are now spending just 66 days on market, down from 111 days a year ago—a sign that when properties do sell, they're moving faster. The 98.7% sale-to-list ratio confirms buyers aren't negotiating much, which validates the price appreciation. However, with 39 active listings now available, inventory is building compared to previous months. This gives buyers slightly more breathing room than they've had, though prices suggest sellers still hold the advantage.
Pacific Grove Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93950 | 9 | $1,575,000 | $1,061 | 66 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 9 | $1,575,000 | $1,061 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $750K+ | 9 |
Current Active Listings
As of this report, there are 39 active listings in Pacific Grove with a median asking price of $1,649,000 and an average of 94 days on market.
Thinking About Selling Your Pacific Grove Home?
If you're a homeowner in Pacific Grove considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Pacific Grove and throughout Monterey County — get a no-obligation cash offer today.