Is Paso Robles, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$689,916
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Paso Robles have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Paso Robles was $689,916 in May 2024, up 2.2% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $482.8K | $270.5K | -44.0% |
| 2 Bedrooms | $432.5K | $449.5K | +3.9% |
| 3 Bedrooms | $658.3K | $669.3K | +1.7% |
| 4 Bedrooms | $877K | $875K | -0.2% |
| 5+ Bedrooms | $1.4M | $975K | -33.9% |
Summary: Paso Robles housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 33.9%.
Median Sold Price Compared To Nearby Cities
| El Paso de Robles (Paso Robles) | $675K | $721.2K | +6.9% |
| Templeton | $890K | $912.5K | +2.5% |
| Paso Robles | $675K | $689.9K | +2.2% |
| North Coast | $949.7K | $926.2K | -2.5% |
| Cambria | $1.0M | $920K | -14.8% |
Housing Supply in Paso Robles, CA
How many homes are available in Paso Robles, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 224 | 211 | -5.8% |
Summary: The Paso Robles real estate market had 211 homes for sale in May 2024, a 5.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 31 | 26 | -16.1% |
| 3 Bedrooms | 105 | 95 | -9.5% |
| 4 Bedrooms | 62 | 59 | -4.8% |
| 5+ Bedrooms | 24 | 29 | +20.8% |
Summary: The Paso Robles housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.1%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 20.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 51 | -13.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
13 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. 45.1% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Paso Robles in May 2024, down by 13.6% month-over-month. Of the 51 sold homes, 45% were sold under asking, 29% were sold at asking, and 25% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 45 Days | +70.8% |
Summary: Homes in Paso Robles had an average of 45 days on market in May 2024, up by 70.8% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 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 May 2024, 51 homes were sold in Paso Robles; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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