Pacific Grove Housing Market Report – June 2026
Here's a look at how the Pacific Grove, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 18
- Median Sale Price: $1,506,500
- Average Sale Price: $1,777,472
- Average Price Per Sq Ft: $1,110
- Average Days on Market: 111
- Sale-to-List Price Ratio: 96.4%
Month-Over-Month Trends
Compared to May, the median sale price in Pacific Grove moved 17.2% up (from $1,285,000 to $1,506,500). The number of homes sold was 21.7% down compared to the prior month (23 vs. 18). Average days on market shifted 88.1% up (59 days to 111 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 0.4% up (from $1,500,000 to $1,506,500). Sales volume is 80.0% up year-over-year.
What This Means
Pacific Grove's real estate market is showing signs of cooling as we head into summer. While median prices climbed 17.2% month-over-month to $1.5 million, the real story is the slowdown in buyer activity. Sales dropped from 23 to 18 homes, and homes are lingering on the market significantly longer—nearly doubling from 59 to 111 days. This suggests the initial momentum from spring selling season is fading, which is fairly typical for a coastal community as summer tourism season peaks and local buyers retreat.
The wide gap between median and average sale prices ($1.5M vs $1.78M) indicates a few higher-end properties closing this month, but the 96.4% sale-to-list ratio shows buyers still have some negotiating power. With 44 active listings sitting at a median asking price of $1.7 million, inventory is building. The fact that homes are spending over three months on the market before selling is a notable shift from the quick turnovers we've seen in tighter coastal markets.
Year-over-year, prices remain essentially flat—up just 0.4%—suggesting Pacific Grove may be stabilizing after earlier volatility. Buyers should take heart; there's more selection now and less urgency to make rushed offers. If you're considering selling, expect a longer marketing timeline and realistic pricing to compete in this gradually softening market.
Pacific Grove Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93950 | 18 | $1,506,500 | $1,110 | 111 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 15 | $1,553,000 | $1,222 |
| CONDOS | 1 | $1,050,000 | $432 |
| MOBILE | 1 | $754,000 | $603 |
| MULTI_FAMILY | 1 | $2,000,000 | $605 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 17 |
Current Active Listings
As of this report, there are 44 active listings in Pacific Grove with a median asking price of $1,700,000 and an average of 88 days on market.
Thinking About Selling Your Pacific Grove Home?
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