Is Arroyo Grande, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arroyo Grande is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Arroyo Grande has remained a Seller's 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

$1,055,000

$545/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$80,000(+8.2%)

Key Takeaway

Homes in Arroyo Grande have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Arroyo Grande was $1,055,000 in November 2024, up 8.2% from last year, and the median price per square foot was $545.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $555K$384K
-30.8%
2 $599K$620K
+3.5%
3 $914.5K$980K
+7.2%
4 $1.2M$1.3M
+9.2%
5+ $1.5M$1.8M
+19.2%

Summary: Arroyo Grande housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Cities

Pismo Beach
+28.0%
Arroyo Grande
+8.2%
Grover Beach
+4.3%
Oceano
-4.8%

Housing Supply in Arroyo Grande, CA

How many homes are available in Arroyo Grande, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9081-10.0%

Summary: The Arroyo Grande real estate market had 81 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1413
-7.1%
3 4337
-14.0%
4 1919
0.0%
5+ 1210
-16.7%

Summary: The Arroyo Grande housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2321-8.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arroyo Grande, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Arroyo Grande in November 2024, down by 8.7% month-over-month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% 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

Nov 2023Nov 2024CHANGE
32 Days45 Days+37.7%

Summary: Homes in Arroyo Grande had an average of 45 days on market in Nov 2024, up by 37.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Arroyo Grande are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in Arroyo Grande; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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