REAL-TIME MARKET NUMBERS
Morro Bay, CA 93442
Single-Family Homes
Powered by Altos Research https://Altos.RE
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.
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
| 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 |