Pacific Grove, CA housing market
The typical Pacific Grove home is worth about $1,364,000, up 1.6% in a year, 78% above the California typical home. Homes typically sell in 12 days, close to asking.
Home values, sales, trends and how Pacific Grove compares with the towns next door — updated as new data is published.
Pacific Grove at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Pacific Grove | California |
|---|---|---|
| 2017 | $845,000 | $453,000 |
| 2018 | $905,000 | $501,000 |
| 2019 | $931,000 | $539,000 |
| 2020 | $939,000 | $551,000 |
| 2021 | $1,024,000 | $607,000 |
| 2022 | $1,246,000 | $703,000 |
| 2023 | $1,295,000 | $727,000 |
| 2024 | $1,360,000 | $758,000 |
| 2025 | $1,379,000 | $782,000 |
| 2026 | $1,353,000 | $767,000 |
| August 2026 | $1,364,000 | $764,000 |
12 new homes permitted in 2025
Builders were permitted 12 new homes in Pacific Grove in 2025, all single-family houses, worth about $4.5 million to build. That's 0.8 per 1,000 residents, slower than across California (2.7). Over the past 10 years, Pacific Grove has permitted 131 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Pacific Grove gained 49 residents while 69 new homes were permitted: about 0.7 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across California: 2.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 13 | 11 | 2 | $2.2 million |
| 2025 | 12 | 12 | 0 | $4.5 million |
| 2024 | 2 | 2 | 0 | $690,000 |
| 2023 | 18 | 18 | 0 | $4.2 million |
| 2022 | 29 | 29 | 0 | $5.1 million |
| 2021 | 15 | 15 | 0 | $2.1 million |
| 2020 | 13 | 13 | 0 | $3.2 million |
| 2019 | 12 | 12 | 0 | $3 million |
| 2018 | 1 | 1 | 0 | $890,000 |
| 2017 | 3 | 3 | 0 | $2.9 million |
| 2016 | 26 | 1 | 25 | $5.6 million |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 9 | 9 | 0 | $2.7 million |
| 2013 | 3 | 3 | 0 | $900,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 3 | 3 | 0 | $1.3 million |
| 2010 | 12 | 7 | 5 | $4.2 million |
| 2009 | 21 | 18 | 3 | $7.4 million |
| 2008 | 7 | 7 | 0 | $2.4 million |
| 2007 | 6 | 6 | 0 | $2.3 million |
| 2006 | 9 | 7 | 2 | $2.6 million |
| 2005 | 10 | 7 | 3 | $3.4 million |
| 2004 | 55 | 6 | 49 | $8.3 million |
| 2003 | 6 | 6 | 0 | $2.3 million |
| 2002 | 3 | 3 | 0 | $1.2 million |
| 2001 | 8 | 8 | 0 | $2.3 million |
| 2000 | 11 | 11 | 0 | $3 million |
How Pacific Grove ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Pacific Grove and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Pacific Grove | $1.36M | +1.6% | $3,560 | 12 | $106,065 |
| Del Monte Forest | $2.95M | +6.1% | $3,510 | — | $142,763 |
| Monterey | $1.16M | +0.8% | $3,200 | 5 | $102,846 |
12.9 years of income
The typical Pacific Grove home costs about 12.9 years of the town's median household income, more than across California (7.7 years).
How Pacific Grove ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $3,560
HUD's Fair Market Rent for a two-bedroom in Pacific Grove is $3,560 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Pacific Grove pay a median of $2,455, so moving in tends to cost more than staying put. A two-bedroom takes about 40% of the town's median household income, above the 30% guideline for affordable housing.
Studio $2,880 · 4 bedrooms $5,230
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (93950, 93953; Salinas, CA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Pacific Grove
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.