Is Arroyo Grande, 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, 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
$1,037,500
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arroyo Grande was $1,037,500 in April 2024, up 22.1% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $555K | $384K | -30.8% |
2 Bedrooms | $547.5K | $599K | +9.4% |
3 Bedrooms | $850K | $999K | +17.5% |
4 Bedrooms | $1.1M | $1.3M | +16.3% |
5+ Bedrooms | $1.4M | $1.6M | +13.0% |
Summary: Arroyo Grande housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Arroyo Grande | $850K | $1.0M | +22.1% |
Grover Beach | $725K | $775K | +6.9% |
Pismo Beach | $1.2M | $1.2M | +6.3% |
Oceano | $665K | $591.5K | -11.1% |
Housing Supply in Arroyo Grande, CA
How many homes are available in Arroyo Grande, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 64 | -3.0% |
Summary: The Arroyo Grande real estate market had 64 homes for sale in April 2024, a 3.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 33 | 25 | -24.2% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Arroyo Grande housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 24.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 18 | -14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Arroyo Grande in April 2024, down by 14.3% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 17 Days | -38.4% |
Summary: Homes in Arroyo Grande had an average of 17 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Arroyo Grande; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.