Modern Kathy Inc. dba SLO Broker & Associates

Pismo Beach, CA

Single-Family Homes

Real Estate Professional



Pismo Beach, CA

Thu Jun 20 2024
This week the median list price for Pismo Beach, CA is $1,850,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 25. Click here to stay informed with the Pismo Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Pismo Beach, CA

Thu Jun 20 2024
This week the median list price for Pismo Beach, CA is $1,850,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 25. Click here to stay informed with the Pismo Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Pismo Beach market.
Median List Price $1,850,000
Median Price of New Listings $1,895,000
Per Square Foot $980
Average Days on Market 123
Median Days on Market 42
Price Decreased 40%
Price Increased 0%
Relisted 4%
Inventory 25
Median Rent
Market Action 36
Slight Seller's Advantage

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$2,897,000 2,684 8,000 - 10,000 sqft 3 2.5 46 0 1 63
$1,937,000 2,571 4,500 - 6,500 sqft 3 2.8 29 2 0 35
$1,637,000 1,674 0 - 4,500 sqft 3 3.3 23 0 1 24
$1,050,000 1,489 4,500 - 6,500 sqft 3 2 39 1 2 56