REAL-TIME MARKET NUMBERS

Morro Bay, CA 93442

Single-Family Homes

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Morro Bay, CA 93442

Thu Dec 26 2024
This week the median list price for Morro Bay, CA 93442 is $963,950 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 22. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Morro Bay, CA 93442

Thu Dec 26 2024
This week the median list price for Morro Bay, CA 93442 is $963,950 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 22. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Morro Bay market.
Median List Price $963,950
Median Price of New Listings $802,000
Per Square Foot $716
Average Days on Market 82
Median Days on Market 60
Price Decreased 45%
Price Increased 0%
Relisted 5%
Inventory 22
Median Rent
Market Action 35
Slight Seller's Advantage

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
$2,200,000 2,072 0 - 4,500 sqft 3 2.5 10 0 2 70
$1,150,000 1,486 4,500 - 6,500 sqft 3 2 62 1 1 98
$920,000 1,397 0 - 4,500 sqft 3 2 41 0 0 66
$777,500 1,094 0 - 4,500 sqft 2 2 63 1 1 49