Pillar Real Estate Market Report
Morro Bay, CA
Single-Family Homes
Amber Johnson | amber@pillarrealestate.com | 805-835-3425
Morro Bay, CA
Sat Apr 18 2026
This week the median list price for Morro Bay, CA is $1,037,000 with the market action index hovering around 48. This is an increase over last month's market action index of 44. Inventory has increased to 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $1,037,000 | |
| Median Price of New Listings | $1,099,000 | |
| Per Square Foot | $702 | |
| Average Days on Market | 93 | |
| Median Days on Market | 46 | |
| Price Decreased | 28% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 48 | |
| Strong Seller's Market | ||
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,975,000 | 2,875 | 4,500 - 6,500 sqft | 4 | 2.5 | 22 | 1 | 0 | 70 |
| $1,172,000 | 1,665 | 0 - 4,500 sqft | 3 | 2.3 | 34 | 1 | 0 | 7 |
| $949,000 | 1,406 | - | 3 | 2 | 38 | 1 | 0 | 119 |
| $772,000 | 962 | 0 - 4,500 sqft | 2 | 1.5 | 56 | 0 | 0 | 45 |