Is San Luis Obispo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, San Luis Obispo has remained a Seller's Market.
Housing Prices in San Luis Obispo, CA
How much do homes in San Luis Obispo, CA cost?
Median Sold Price
$991,000
$607/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Luis Obispo was $991,000 in April 2024, up 10.2% from last year, and the median price per square foot was $607.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $521K | $637K | +22.3% |
2 Bedrooms | $629.5K | $743.5K | +18.1% |
3 Bedrooms | $965K | $991K | +2.7% |
4 Bedrooms | $1.2M | $1.5M | +22.4% |
5+ Bedrooms | $1.5M | $1.4M | -6.3% |
Summary: San Luis Obispo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
San Luis Obispo | $899.6K | $991K | +10.2% |
North Coast | $955.6K | $926.5K | -3.0% |
Housing Supply in San Luis Obispo, CA
How many homes are available in San Luis Obispo, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 136 | -2.2% |
Summary: The San Luis Obispo real estate market had 136 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 37 | 37 | 0.0% |
3 Bedrooms | 60 | 58 | -3.3% |
4 Bedrooms | 27 | 24 | -11.1% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The San Luis Obispo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 43 | +65.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in San Luis Obispo in April 2024, up by 65.4% month-over-month. Of the 43 sold homes, 33% were sold under asking, 28% were sold at asking, and 40% were sold over asking.
Days on Market for San Luis Obispo, CA
How long does it take to sell a home in San Luis Obispo, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 24 Days | -25.2% |
Summary: Homes in San Luis Obispo had an average of 24 days on market in Apr 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in San Luis Obispo; 70% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.