$10,000 Closing Credit*
$1,700,000
2,501 SqFt
4 Beds
•4 Full Baths
Michelle McElrath Severance, Listing Office: RE/MAX Success
Is Arroyo Grande, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Arroyo Grande was a Neutral Market.
Key Takeaway
Arroyo Grande is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arroyo Grande, CA
How much do homes in Arroyo Grande, CA cost?
Median Sold Price
$1,103,750
$543/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$148,750(+15.6%)
Key Takeaway
Homes in Arroyo Grande have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Arroyo Grande was $1,103,750 in October 2024, up 15.6% from last year, and the median price per square foot was $543.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $555K | $384K | -30.8% |
| 2 Bedrooms | $599.5K | $590K | -1.6% |
| 3 Bedrooms | $907.9K | $1.0M | +12.9% |
| 4 Bedrooms | $1.2M | $1.3M | +11.7% |
| 5+ Bedrooms | $1.4M | $1.8M | +29.6% |
Summary: Arroyo Grande housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 29.6%.
Median Sold Price Compared To Nearby Cities
| Pismo Beach | $1.1M | $1.3M | +22.6% |
| Arroyo Grande | $955K | $1.1M | +15.6% |
| Grover Beach | $750K | $785.7K | +4.8% |
| Oceano | $625K | $595K | -4.8% |
Housing Supply in Arroyo Grande, CA
How many homes are available in Arroyo Grande, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 88 | +1.1% |
Summary: The Arroyo Grande real estate market had 88 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 45 | 43 | -4.4% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Arroyo Grande housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arroyo Grande, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Arroyo Grande in October 2024, up by 27.8% month-over-month. Of the 23 sold homes, 48% were sold under asking, 13% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 53 Days | +77.1% |
Summary: Homes in Arroyo Grande had an average of 53 days on market in Oct 2024, up by 77.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arroyo Grande are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Arroyo Grande; 65% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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