REAL-TIME MARKET NUMBERS

Morro Bay, CA 93442

Single-Family Homes

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Morro Bay, CA 93442

Fri May 09 2025
This week the median list price for Morro Bay, CA 93442 is $1,495,000 with the market action index hovering around 35. This is less than last month's market action index of 41. Inventory has increased to 35. 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

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Morro Bay, CA 93442

Fri May 09 2025
This week the median list price for Morro Bay, CA 93442 is $1,495,000 with the market action index hovering around 35. This is less than last month's market action index of 41. Inventory has increased to 35. 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

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Morro Bay market.
Median List Price $1,495,000
Median Price of New Listings $799,000
Per Square Foot $805
Average Days on Market 84
Median Days on Market 56
Price Decreased 54%
Price Increased 0%
Relisted 3%
Inventory 35
Median Rent
Market Action 35
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$2,374,500 2,629 0.25 - 0.5 acre 3 3.3 23 0 0 52
$1,790,000 2,072 0 - 4,500 sqft 3 2.5 21 1 0 161
$1,299,000 1,890 0 - 4,500 sqft 3 2.5 34 0 1 42
$799,000 1,086 0 - 4,500 sqft 2 1.5 65 2 1 21