REAL-TIME MARKET NUMBERS

Morro Bay, CA 93442

Single-Family Homes

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Morro Bay, CA 93442

Sun Jan 29 2023
This week the median list price for Morro Bay, CA 93442 is $1,095,000 with the market action index hovering around 32. This is less than last month's market action index of 37. Inventory has decreased to 15. Click here to stay informed with the Morro Bay market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Morro Bay, CA 93442

Sun Jan 29 2023
This week the median list price for Morro Bay, CA 93442 is $1,095,000 with the market action index hovering around 32. This is less than last month's market action index of 37. Inventory has decreased to 15. Click here to stay informed with the Morro Bay market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Morro Bay market.
Median List Price $1,095,000
Median Price of New Listings $850,000
Per Square Foot $657
Average Days on Market 96
Median Days on Market 91
Price Decreased 47%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent
Market Action 32
Slight Seller's Advantage

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,465,000 2,617 4,500 - 6,500 sqft 3 3.5 16 0 0 84
$1,337,500 1,693 0 - 4,500 sqft 2 2 43 0 0 84
$918,500 2,005 0 - 4,500 sqft 3 2.3 29 1 1 101
$737,450 1,243 0 - 4,500 sqft 3 2 63 0 2 105