$8,289 Closing Credit*
$698,000
684 SqFt
2 Beds
•1 Full Bath
Christopher Bath, Listing Office: Coast Realty
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 October 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
$874,847
$533/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,275(+5.5%)
Key Takeaway
Homes in San Luis Obispo County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in San Luis Obispo County was $874,847 in October 2024, up 5.5% from last year, and the median price per square foot was $533.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $522.5K | $537.5K | +2.9% |
| 2 Bedrooms | $656.2K | $713.5K | +8.7% |
| 3 Bedrooms | $830K | $864.5K | +4.2% |
| 4 Bedrooms | $1.0M | $1.1M | +1.8% |
| 5+ Bedrooms | $1.4M | $1.4M | -1.6% |
Summary: San Luis Obispo County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Monterey County | $804.6K | $869.2K | +8.0% |
| Santa Barbara County | $1.1M | $1.2M | +7.6% |
| San Luis Obispo County | $829.5K | $874.8K | +5.5% |
| Kern County | $355K | $360K | +1.4% |
| Kings County | $355K | $350.2K | -1.4% |
Housing Supply in San Luis Obispo County, CA
How many homes are available in San Luis Obispo County, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,012 | 977 | -3.5% |
Summary: The San Luis Obispo County real estate market had 977 homes for sale in October 2024, a 3.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 24 | -4.0% |
| 2 Bedrooms | 178 | 161 | -9.6% |
| 3 Bedrooms | 515 | 506 | -1.7% |
| 4 Bedrooms | 213 | 205 | -3.8% |
| 5+ Bedrooms | 81 | 81 | 0.0% |
Summary: The San Luis Obispo County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 202 | 236 | +16.8% |
Asking Price vs. Sold Price
120 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
75 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. 50.8% of homes here sold below asking price last month.
Summary: A total of 236 homes were sold or pending in San Luis Obispo County in October 2024, up by 16.8% month-over-month. Of the 236 sold homes, 51% were sold under asking, 17% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 39 Days | +59.5% |
Summary: Homes in San Luis Obispo County had an average of 39 days on market in Oct 2024, up by 59.5% compared to last year.
Breakdown of Home Sale Times
154 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
37 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 October 2024, 236 homes were sold in San Luis Obispo County; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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