REAL-TIME MARKET NUMBERS

Morro Bay, CA 93442

Single-Family Homes

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Morro Bay, CA 93442

Mon May 17 2021
This week the median list price for Morro Bay, CA 93442 is $895,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has decreased to 23. 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 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.

Morro Bay, CA 93442

Mon May 17 2021
This week the median list price for Morro Bay, CA 93442 is $895,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has decreased to 23. 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 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

Never miss important changes in the Morro Bay market.
Median List Price $895,000
Median Price of New Listings $755,000
Per Square Foot $550
Average Days on Market 114
Median Days on Market 28
Price Decreased 26%
Price Increased 4%
Relisted 4%
Inventory 23
Median Rent $2,800
Market Action 49
Strong Seller's Market

Price trends in this zip code 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. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

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
$1,850,000 2,618 6,500 - 8,000 sqft 4 3 19 0 0 28
$1,221,950 2,041 4,500 - 6,500 sqft 3 3 35 0 1 24
$857,000 1,693 0 - 4,500 sqft 3 3 28 0 0 21
$705,000 1,262 0 - 4,500 sqft 1 1 2 2 1 287