$9,108 Closing Credit*
$767,000
1,580 SqFt
4 Beds
•2 Full Baths
Teena Anderson, Listing Office: Beverly Hills Brokers & Associates
Is Paso Robles, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$723,750
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,750(+6.6%)
Key Takeaway
Homes in Paso Robles have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Paso Robles was $723,750 in October 2024, up 6.6% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $285K | +16.3% |
| 2 Bedrooms | $437K | $458K | +4.8% |
| 3 Bedrooms | $669.5K | $690K | +3.1% |
| 4 Bedrooms | $882.5K | $876.2K | -0.7% |
| 5+ Bedrooms | $1.1M | $1.1M | -5.1% |
Summary: Paso Robles housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
| El Paso de Robles (Paso Robles) | $679.5K | $736K | +8.3% |
| Paso Robles | $679K | $723.7K | +6.6% |
| Cambria | $968.7K | $1.0M | +4.3% |
| North Coast | $940K | $943K | 0.3% |
| Templeton | $937.5K | $925K | -1.3% |
Housing Supply in Paso Robles, CA
How many homes are available in Paso Robles, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 255 | 242 | -5.1% |
Summary: The Paso Robles real estate market had 242 homes for sale in October 2024, a 5.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 32 | 30 | -6.3% |
| 3 Bedrooms | 128 | 122 | -4.7% |
| 4 Bedrooms | 67 | 62 | -7.5% |
| 5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The Paso Robles housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 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. 47.8% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Paso Robles in October 2024, up by 7.0% month-over-month. Of the 46 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 32 Days | +9.6% |
Summary: Homes in Paso Robles had an average of 32 days on market in Oct 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 46 homes were sold in Paso Robles; 72% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.