Is Arroyo Grande, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Arroyo Grande has remained a Seller's Market.
Housing Prices in Arroyo Grande, CA
How much do homes in Arroyo Grande, CA cost?
Median Sold Price
$1,035,000
$526/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Arroyo Grande was $1,035,000 in March 2024, up 23.2% from last year, and the median price per square foot was $526.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $555K | - | N/A |
2 Bedrooms | $547.5K | $599.5K | +9.5% |
3 Bedrooms | $833.6K | $975K | +17.0% |
4 Bedrooms | $1.1M | $1.3M | +16.3% |
5+ Bedrooms | $1.4M | $1.6M | +11.3% |
Summary: Arroyo Grande housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
Arroyo Grande | $840K | $1.0M | +23.2% |
Grover Beach | $712.5K | $768K | +7.8% |
Pismo Beach | $1.2M | $1.2M | +6.3% |
Oceano | $657.5K | $588K | -10.6% |
Housing Supply in Arroyo Grande, CA
How many homes are available in Arroyo Grande, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 59 | -11.9% |
Summary: The Arroyo Grande real estate market had 59 homes for sale in March 2024, a 11.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 42 | 33 | -21.4% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Arroyo Grande housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Arroyo Grande in March 2024, up by 11.1% month-over-month. Of the 20 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% were sold over asking.
Days on Market for Arroyo Grande, CA
How long does it take to sell a home in Arroyo Grande, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 34 Days | +21.1% |
Summary: Homes in Arroyo Grande had an average of 34 days on market in Mar 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Arroyo Grande; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.