$477,000
0.07 Acres
Land
Michelle Boghosian, Listing Office: Modern Broker
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 November 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
$875,015
$534/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,455(+5.1%)
Key Takeaway
Homes in San Luis Obispo County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in San Luis Obispo County was $875,015 in November 2024, up 5.1% from last year, and the median price per square foot was $534.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $525K | -4.5% |
| 2 Bedrooms | $663.8K | $710.6K | +7.0% |
| 3 Bedrooms | $831K | $862.3K | +3.8% |
| 4 Bedrooms | $1.0M | $1.1M | +2.9% |
| 5+ Bedrooms | $1.4M | $1.4M | -3.1% |
Summary: San Luis Obispo County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Counties
| Santa Barbara County | $1.1M | $1.2M | +8.4% |
| Monterey County | $814.4K | $867.8K | +6.6% |
| San Luis Obispo County | $832.5K | $875K | +5.1% |
| Kern County | $356.3K | $359.9K | +1.0% |
| Kings County | $357.6K | $355K | -0.7% |
Housing Supply in San Luis Obispo County, CA
How many homes are available in San Luis Obispo County, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 983 | 887 | -9.8% |
Summary: The San Luis Obispo County real estate market had 887 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 22 | -4.3% |
| 2 Bedrooms | 162 | 156 | -3.7% |
| 3 Bedrooms | 518 | 461 | -11.0% |
| 4 Bedrooms | 204 | 182 | -10.8% |
| 5+ Bedrooms | 76 | 66 | -13.2% |
Summary: The San Luis Obispo County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 13.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 240 | 182 | -24.2% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
52 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. 52.2% of homes here sold below asking price last month.
Summary: A total of 182 homes were sold or pending in San Luis Obispo County in November 2024, down by 24.2% month-over-month. Of the 182 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +23.2% |
Summary: Homes in San Luis Obispo County had an average of 36 days on market in Nov 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
20 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 November 2024, 182 homes were sold in San Luis Obispo County; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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