Pillar Real Estate Market Report
Morro Bay, CA
Single-Family Homes
Amber Johnson | amber@pillarrealestate.com | 805-835-3425
Morro Bay, CA
Thu Oct 22 2026
This week the median list price for Morro Bay, CA is $1,040,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $1,040,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $667 | |
| Average Days on Market | 96 | |
| Median Days on Market | 63 | |
| Price Decreased | 45% | |
| Price Increased | 5% | |
| Relisted | 5% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch 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 |
|---|---|---|---|---|---|---|---|---|
| $2,200,000 | 2,674 | 4,500 - 6,500 sqft | 4 | 2.5 | 19 | 0 | 1 | 91 |
| $1,195,000 | 1,491 | 0 - 4,500 sqft | 3 | 2.5 | 41 | 0 | 0 | 63 |
| $899,000 | 1,525 | 0 - 4,500 sqft | 3 | 2 | 30 | 0 | 3 | 77 |
| $824,900 | 878 | 0 - 4,500 sqft | 2 | 1.8 | 66 | 0 | 0 | 28 |