Is Paso Robles, 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, Paso Robles has remained a Seller's Market.
Key Takeaway
Paso Robles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paso Robles, CA
How much do homes in Paso Robles, CA cost?
Median Sold Price
$686,666
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Paso Robles have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Paso Robles was $686,666 in March 2024, up 1.1% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $638.6K | $240K | -62.4% |
| 2 Bedrooms | $443.5K | $440K | -0.8% |
| 3 Bedrooms | $661.4K | $668.3K | +1.0% |
| 4 Bedrooms | $847K | $867K | +2.4% |
| 5+ Bedrooms | $1.4M | $1.1M | -17.8% |
Summary: Paso Robles housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.4%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Cities
| Templeton | $862.5K | $950K | +10.1% |
| El Paso de Robles (Paso Robles) | $676.3K | $695K | +2.8% |
| Paso Robles | $679.2K | $686.6K | +1.1% |
| North Coast | $950.9K | $926K | -2.6% |
| Cambria | $1.0M | $910K | -16.5% |
Housing Supply in Paso Robles, CA
How many homes are available in Paso Robles, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 192 | 201 | +4.7% |
Summary: The Paso Robles real estate market had 201 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 27 | 32 | +18.5% |
| 3 Bedrooms | 93 | 96 | +3.2% |
| 4 Bedrooms | 48 | 48 | 0.0% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Paso Robles housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 48 | +45.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paso Robles, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Paso Robles in March 2024, up by 45.5% month-over-month. Of the 48 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Paso Robles, CA
How long does it take to sell a home in Paso Robles, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 37 Days | -17.9% |
Summary: Homes in Paso Robles had an average of 37 days on market in Mar 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paso Robles are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 48 homes were sold in Paso Robles; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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