Barry Brown Real Estate

Arroyo Grande, CA

Single-Family Homes

Barry Brown I Broker/Owner I 805-215-3700



Arroyo Grande, CA

Sun Oct 06 2024
This week the median list price for Arroyo Grande, CA is $1,499,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 42. Click here to stay informed with the Arroyo Grande market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Arroyo Grande, CA

Sun Oct 06 2024
This week the median list price for Arroyo Grande, CA is $1,499,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 42. Click here to stay informed with the Arroyo Grande market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Arroyo Grande market.
Median List Price $1,499,000
Median Price of New Listings $1,707,500
Per Square Foot $610
Average Days on Market 86
Median Days on Market 49
Price Decreased 40%
Price Increased 0%
Relisted 2%
Inventory 42
Median Rent
Market Action 47
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,137,500 5,285 5 - 10 acres 4 4.3 20 1 0 115
$1,934,500 2,755 2.5 - 5 acres 3 3.3 26 1 3 35
$1,299,000 1,843 0.25 - 0.5 acre 3 2 39 2 0 35
$785,000 1,581 4,500 - 6,500 sqft 3 2 45 0 1 49