Is Pacific Grove, CA 93950 a buyer’s or seller’s market?

The Pacific Grove housing market right now

In the three months ending August 31, 2026, 17% of homes in Pacific Grove, CA 93950 sold above their list price, the typical home went under contract in 38 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 43 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold more slowly (15 days then) and the median sale price fell 14% to $1,286,943. Overall, Pacific Grove is less competitive than a year ago, which gives buyers more room.

Within Monterey County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 62%. On our competition score, Pacific Grove ranks #854 of 1,069 CA ZIP codes with enough sales (score 44 out of 100).

Nearby, buyers who want less competition could look at Castroville 95012 (0% sold over asking) or Carmel By The Sea 93921 (0% sold over asking), while King City 93930 (53% sold over asking) and Salinas 93907 (53% sold over asking) are even more competitive.