REAL-TIME MARKET NUMBERS

Morro Bay, CA 93442

Single-Family Homes

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Morro Bay, CA 93442

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. 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

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

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. 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

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 $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
Price Decreased 40%
Price Increased 7%
Relisted 13%
Inventory 15
Median Rent
Market Action 44
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.

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
$1,525,000 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