Fri Sep 30 2022
This week the median list price for Morro Bay, CA 93442 is $1,150,000 with the market action index hovering around 44. This is an increase over last month's market action index of 40. Inventory has decreased to 15.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,150,000|
|Median Price of New Listings||$1,400,000|
|Per Square Foot||$700|
|Average Days on Market||44|
|Median Days on Market||28|
|Slight Seller's Advantage|
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,525,000||2,405||8,000 - 10,000 sqft||3||3||17||1||0||21|
|$1,299,500||1,975||0 - 4,500 sqft||3||3||47||1||1||17|
|$1,147,500||1,592||4,500 - 6,500 sqft||3||2.5||55||1||0||84|
|$911,750||1,391||0 - 4,500 sqft||2||2||51||0||3||31|