Pacific Grove Housing Market Report – March 2026
Here's a look at how the Pacific Grove, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 11
- Median Sale Price: $1,320,000
- Average Sale Price: $1,271,977
- Average Price Per Sq Ft: $841
- Average Days on Market: 111
- Sale-to-List Price Ratio: 97.4%
Month-Over-Month Trends
Compared to February, the median sale price in Pacific Grove moved 3.1% up (from $1,279,800 to $1,320,000). The number of homes sold was 83.3% up compared to the prior month (6 vs. 11). Average days on market shifted 94.7% up (57 days to 111 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 12.0% down (from $1,500,000 to $1,320,000). Sales volume is 35.3% down year-over-year.
What This Means
Pacific Grove's real estate market is showing mixed signals as spring kicks in. The good news: sales jumped dramatically month-over-month, with 11 homes selling compared to just 6 in February. Buyers are definitely emerging from winter hibernation. However, the year-over-year picture tells a different story. Prices are down 12 percent from March 2025, and sales volume has dropped 35 percent, suggesting the market hasn't fully recovered from the higher interest rate environment that's persisted since 2023.
The concerning metric here is days on market, which jumped from 57 to 111 days. That's nearly four months for the average home to sell, a significant slowdown that suggests inventory is outpacing buyer demand. While the sale-to-list ratio of 97.4 percent indicates homes are still selling close to asking price, sellers are having to wait considerably longer to close deals. With 46 active listings on the market, many priced in the $1.5 million range, there's simply more supply chasing fewer qualified buyers.
The takeaway: Pacific Grove remains a pricey coastal market, but patience is increasingly required. This is a buyer's market compared to a year ago, and anyone considering listing should expect longer marketing timelines.
Pacific Grove Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93950 | 11 | $1,320,000 | $841 | 111 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 7 | $1,300,000 | $941 |
| CONDOS | 2 | $1,360,000 | $709 |
| MULTI_FAMILY | 1 | $1,500,000 | $500 |
| TOWNHOMES | 1 | $1,190,000 | $744 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 1 |
| $750K+ | 10 |
Current Active Listings
As of this report, there are 46 active listings in Pacific Grove with a median asking price of $1,513,500 and an average of 76 days on market.
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