Modern Kathy Inc. dba SLO Broker & Associates

Morro Bay, CA

Single-Family Homes

Real Estate Professional



Morro Bay, CA

Thu Jun 20 2024
This week the median list price for Morro Bay, CA is $1,100,000 with the market action index hovering around 47. This is an increase over last month's market action index of 42. 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Morro Bay, CA

Thu Jun 20 2024
This week the median list price for Morro Bay, CA is $1,100,000 with the market action index hovering around 47. This is an increase over last month's market action index of 42. 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Morro Bay market.
Median List Price $1,100,000
Median Price of New Listings $1,199,900
Per Square Foot $693
Average Days on Market 57
Median Days on Market 35
Price Decreased 53%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent
Market Action 47
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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 1,990 0 - 4,500 sqft 3 3 38 0 0 42
$1,212,450 1,689 0 - 4,500 sqft 3 2.5 35 1 1 24
$957,500 1,365 0 - 4,500 sqft 2 2 52 0 1 56
$812,000 1,328 0 - 4,500 sqft 3 2 55 0 2 28