1 day on Rocket
$10,000 Closing Credit¹
#SC25063466, Nadine Lilley, Listing Office: Highway One Real Estate
Morro Bay Housing Market Report March 2025•San Luis Obispo County, California
Housing Prices in Morro Bay, CA
How much do homes in Morro Bay, CA cost?
Housing Market Conditions
Is Morro Bay, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Morro Bay is a Seller's Market
Difference Since March 2024
Since last year, Morro Bay has remained a Seller's Market.
Insight
Morro Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$945,000$679/SqFt
+$2,500
0.3%
Based on all homes sold in the last 12 months
Insight
The sold price of homes in Morro Bay has remained the same since last year.
Summary: The median home sold price in Morro Bay was $945,000 in March 2025, up 0.3% from last year, and the median price per square foot was $679.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| North Coast | $927.5K | $968K | +4.4% |
| Los Osos | $865K | $875K | +1.2% |
| Morro Bay | $942.5K | $945K | 0.3% |
| Cayucos | $1.4M | $1.3M | -7.9% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $537.4K | $641.5K | +19.4% |
| 22 Bedrooms | $785K | $787.5K | 0.3% |
| 33 Bedrooms | $1.0M | $990K | -3.6% |
| 44 Bedrooms | $1.1M | $1.3M | +16.6% |
| 55+ Bedrooms | $1.8M | $2.4M | +35.1% |
Summary: Morro Bay housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +19.4%. The home price for 2 bedroom homes increased by 0.3%. The home price for 3 bedroom homes decreased by -3.6%. The home price for 4 bedroom homes increased by +16.6%. The home price for 5 bedroom homes increased by +35.1%.
How does Morro Bay, CA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Morro Bay, CA
Housing supply in Morro Bay, CA
How many homes are available in Morro Bay, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 55Last MonthMar 2025 | ||
| 552 months agoFeb 2025 | 0.0 % Change MoMFeb – Mar |
Summary: The Morro Bay real estate market had 55 homes for sale in Mar 2025, the same as Feb 2025
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 10Last MonthMar 2025 | ||
| 122 months agoFeb 2025 | -16.7 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 5 | 4 | -20.0% |
| 22 Bedrooms | 15 | 18 | +20.0% |
| 33 Bedrooms | 26 | 22 | -15.4% |
| 44 Bedrooms | 7 | 9 | +28.6% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: Morro Bay housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -20.0%. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes decreased by -15.4%. The inventory for 4 bedroom homes increased by +28.6%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Morro Bay, CA cost?
Over Asking Price3 Homes
At Asking Price1 Home
Under Asking Price6 Homes
Insight
If you're buying a home in Morro Bay, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Morro Bay in March 2025, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and and 30% were sold over asking.
Days on Market for Morro Bay, CA
How long does it take to sell a home in Morro Bay, CA?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days3 Homes
Over 90 Days2 Homes
Insight
Many homes in Morro Bay are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 10 homes were sold in Morro Bay; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 62 DaysThis YearMar 2025 | ||
| 16 Days1 year agoMar 2024 | +291.9 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Morro Bay had an average listing age of 62 days in Mar 2025, up by 291.9% compared to the previous year.
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Newest Listings in Morro Bay, CA
What homes are available in Morro Bay, CA?
3 days on Rocket
$10,000 Closing Credit¹
#SC25076489, Jay Chiasson, Listing Office: Navigators Real Estate
5 days on Rocket
$10,000 Closing Credit¹
#SC25073790, Jay Chiasson, Listing Office: Navigators Real Estate
6 days on Rocket
$10,000 Closing Credit¹
#SC25074638, Ginger Woods, Listing Office: Paramount Properties
7 days on Rocket
$10,000 Closing Credit¹
#MD25071757, Christopher Foxen, Listing Office: Foxen Realty Inc.
7 days on Rocket
#SC25069571, Stanley Craig, Listing Office: BHGRE HAVEN PROPERTIES
Backup offers
$10,000 Closing Credit¹
#SC25064441, Leon Van Beurden, Listing Office: Bay Osos Brokers
Backup offers
$10,000 Closing Credit¹
#SC25064987, Mike Moss, Listing Office: Comet Realty
Tour
#NS25061509, JoAnn Wall, Listing Office: JoAnn Wall, Broker
$10,000 Closing Credit¹
#SC24227400, Valerie Walla, Listing Office: Century 21 Hometown Realty, San Luis Obispo Office
$10,000 Closing Credit¹
#SC25059033, Kelly Vandenheuvel, Listing Office: Central Coast Property Sales
Backup offers
$7,707 Closing Credit¹
#SC25057984, Nicholas Juren, Listing Office: Beach-N-Bay Getaways Realty
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, and Golden Empire MLS for the period 04/01/2023 - 04/01/2025
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. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/11/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from Golden Empire MLS, Inc. 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. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Bakersfield Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/11/2025, 2:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/11/2025, 2:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.