REAL-TIME MARKET NUMBERS

Morro Bay, CA 93442

Single-Family Homes

Powered by Altos Research https://Altos.RE


Morro Bay, CA 93442

Sat Aug 13 2022
This week the median list price for Morro Bay, CA 93442 is $1,150,000 with the market action index hovering around 47. This is less than last month's market action index of 55. Inventory has increased to 17. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Morro Bay, CA 93442

Sat Aug 13 2022
This week the median list price for Morro Bay, CA 93442 is $1,150,000 with the market action index hovering around 47. This is less than last month's market action index of 55. Inventory has increased to 17. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Morro Bay market.
Median List Price $1,150,000
Median Price of New Listings $1,195,000
Per Square Foot $640
Average Days on Market 37
Median Days on Market 42
Price Decreased 24%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent
Market Action 47
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,797,500 2,629 6,500 - 8,000 sqft 4 4 37 0 0 45
$1,210,000 1,906 4,500 - 6,500 sqft 3 3 42 1 1 10
$1,072,000 1,592 4,500 - 6,500 sqft 3 2.5 55 0 0 42
$830,000 1,050 0 - 4,500 sqft 2 2 50 0 1 42