Pacific Grove Housing Market Report – July 2026
Here's a look at how the Pacific Grove, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 19
- Median Sale Price: $1,205,000
- Average Sale Price: $1,356,737
- Average Price Per Sq Ft: $909
- Average Days on Market: 90
- Sale-to-List Price Ratio: 96.6%
Month-Over-Month Trends
Compared to June, the median sale price in Pacific Grove moved 20.0% down (from $1,506,500 to $1,205,000). The number of homes sold was 5.6% up compared to the prior month (18 vs. 19). Average days on market shifted 18.9% down (111 days to 90 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 17.1% down (from $1,453,500 to $1,205,000). Sales volume is 58.3% up year-over-year.
What This Means
Pacific Grove's real estate market is showing signs of modest cooling this July, with prices pulling back notably from earlier in the year. The median sale price dropped 20 percent month-over-month to $1.205 million, continuing a broader downward trend that's 17 percent below last year's levels. This pullback likely reflects a combination of higher interest rates and seasonal summer softness, as buyers often pause their search during peak vacation season on the Monterey Peninsula. The silver lining? Homes are moving faster than they were a few months ago—the average days on market fell from 111 to 90 days—and sellers are getting nearly 97 percent of their asking prices, which remains a healthy negotiating position.
The inventory situation tells an interesting story. With 44 active listings on the market and a median asking price of $1.75 million, there's noticeably more selection for buyers compared to the spring months. This increased supply has likely contributed to both the price declines and faster selling times. For sellers, the message is clear: overpricing will result in longer hold times, but reasonably priced homes are still moving steadily. The market remains solidly upper-end, with single-family homes dominating sales, and while prices are down from their 2025 peaks, Pacific Grove remains an expensive coastal community where $1.2 million is now the median, not the ceiling.
Pacific Grove Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93950 | 19 | $1,205,000 | $909 | 90 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 11 | $1,300,000 | $1,123 |
| MULTI_FAMILY | 4 | $1,650,000 | $587 |
| CONDOS | 3 | $925,000 | $670 |
| CONDO | 1 | $795,000 | $568 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 18 |
Current Active Listings
As of this report, there are 44 active listings in Pacific Grove with a median asking price of $1,747,500 and an average of 78 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.
Thinking of selling in Pacific Grove? Get a cash offer.
Takes about 30 seconds. No obligation.