Is San Luis Obispo County, 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 County has remained a Seller's Market.
Key Takeaway
San Luis Obispo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Luis Obispo County, CA
How much do homes in San Luis Obispo County, CA cost?
Median Sold Price
$849,772
$518/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in San Luis Obispo County have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in San Luis Obispo County was $849,772 in April 2024, up 1.5% from last year, and the median price per square foot was $518.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $551.5K | $560K | +1.5% |
| 2 Bedrooms | $627K | $709.8K | +13.2% |
| 3 Bedrooms | $833.8K | $844.1K | +1.2% |
| 4 Bedrooms | $1.0M | $1.1M | +1.3% |
| 5+ Bedrooms | $1.4M | $1.4M | -5.1% |
Summary: San Luis Obispo County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Counties
| Santa Barbara County | $1.0M | $1.2M | +17.5% |
| Monterey County | $803.5K | $844.7K | +5.1% |
| Kings County | $345K | $358.8K | +4.0% |
| Kern County | $350.1K | $359.6K | +2.7% |
| San Luis Obispo County | $837K | $849.7K | +1.5% |
Housing Supply in San Luis Obispo County, CA
How many homes are available in San Luis Obispo County, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 821 | 836 | +1.8% |
Summary: The San Luis Obispo County real estate market had 836 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 23 | +15.0% |
| 2 Bedrooms | 165 | 157 | -4.8% |
| 3 Bedrooms | 402 | 405 | +0.7% |
| 4 Bedrooms | 168 | 180 | +7.1% |
| 5+ Bedrooms | 66 | 71 | +7.6% |
Summary: The San Luis Obispo County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 7.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 205 | 211 | +2.9% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
84 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Luis Obispo County, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.
Summary: A total of 211 homes were sold or pending in San Luis Obispo County in April 2024, up by 2.9% month-over-month. Of the 210 sold homes, 41% were sold under asking, 19% were sold at asking, and 40% were sold over asking.
Days on Market for San Luis Obispo County, CA
How long does it take to sell a home in San Luis Obispo County, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 32 Days | -22.2% |
Summary: Homes in San Luis Obispo County had an average of 32 days on market in Apr 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
150 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Luis Obispo County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 211 homes were sold in San Luis Obispo County; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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