The typical home value in
Pacific Grove
is projected to be
$2,481,250
for the month of
August.
July’s
finalized data reported the typical value of a home in the
city
to be
$2,100,000—up
16.67%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$970,000
in
Monterey County
for the most recent reporting period.
That number is expected to float around
$990,000
in
August.
Pacific Grove
had
19
new listings and
12
listings that went under contract in
July,
increasing
the area’s total available inventory to
33—up
26.92%
from the previous month. Inventory is projected to have further
increased
in
August.
Of those
33
active listings,
24.24%
reduced their price in the month of
July.
The median listing price for homes in
Pacific Grove
fell
26.88%
from
June
to
July,
bringing the current median listing price to
$1,349,000.
Based on projected data for
August,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
rose
year-over-year. In
July 2025,
the median time for a listed property to go pending was
9
days, compared to
-48
days in
July 2024.
In recent months the median number of days from listed to pending appears to be increasing.
That trend is predicted to have carried through to this
August.
