New - 11 hours on Rocket
$10,000 Closing Credit¹
#SC25046879, Hal Sweasey, Listing Office: Keller Williams Realty Central Coast
San Luis Obispo Housing Market Report February 2025•San Luis Obispo County, California
Housing Prices in San Luis Obispo, CA
How much do homes in San Luis Obispo, CA cost?
Housing Market Conditions
Is San Luis Obispo, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
San Luis Obispo is a Seller's Market
Difference Since February 2024
Since last year, San Luis Obispo has remained a Seller's Market.
Insight
San Luis Obispo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$1,027,500$622/SqFt
+$68,000
+7.1%
Based on all homes sold in the last 12 months
Insight
Homes in San Luis Obispo have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in San Luis Obispo was $1,027,500 in February 2025, up 7.1% from last year, and the median price per square foot was $622.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| San Luis Obispo | $959.5K | $1.0M | +7.1% |
| North Coast | $948.1K | $938.8K | -1.0% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $625K | $576.5K | -7.8% |
| 22 Bedrooms | $721.5K | $740K | +2.6% |
| 33 Bedrooms | $978.5K | $1.0M | +4.8% |
| 44 Bedrooms | $1.5M | $1.3M | -13.6% |
| 55+ Bedrooms | $1.6M | $1.4M | -10.5% |
Summary: San Luis Obispo housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -7.8%. The home price for 2 bedroom homes increased by +2.6%. The home price for 3 bedroom homes increased by +4.8%. The home price for 4 bedroom homes decreased by -13.6%. The home price for 5 bedroom homes decreased by -10.5%.
Housing supply in San Luis Obispo, CA
How many homes are available in San Luis Obispo, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 131Last MonthFeb 2025 | ||
| 1212 months agoJan 2025 | +8.3 % Change MoMJan – Feb |
Summary: The San Luis Obispo real estate market had 131 homes for sale in Feb 2025, a 8.3 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 29Last MonthFeb 2025 | ||
| 232 months agoJan 2025 | +26.1 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 2 | 0.0% |
| 22 Bedrooms | 29 | 39 | +34.5% |
| 33 Bedrooms | 49 | 47 | -4.1% |
| 44 Bedrooms | 31 | 32 | +3.2% |
| 55+ Bedrooms | 10 | 11 | +10.0% |
Summary: San Luis Obispo housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +34.5%. The inventory for 3 bedroom homes decreased by -4.1%. The inventory for 4 bedroom homes increased by +3.2%. The inventory for 5 bedroom homes increased by +10.0%.
Asking Price vs. Sold Price
How much do homes in San Luis Obispo, CA cost?
Over Asking Price11 Homes
At Asking Price6 Homes
Under Asking Price12 Homes
Insight
If you're buying a home in San Luis Obispo, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in San Luis Obispo in February 2025, up by 26.1% month-over-month. Of the 29 sold homes, 41% were sold under asking, 21% were sold at asking, and and 38% were sold over asking.
Days on Market for San Luis Obispo, CA
How long does it take to sell a home in San Luis Obispo, CA?
Breakdown of Home Sale Times
Under 30 Days22 Homes
30 – 90 Days5 Homes
Over 90 Days2 Homes
Insight
Many homes in San Luis Obispo are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 29 homes were sold in San Luis Obispo; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 24 DaysThis YearFeb 2025 | ||
| 35 Days1 year agoFeb 2024 | -30.4 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in San Luis Obispo had an average listing age of 24 days in Feb 2025, down by 30.4% compared to the previous year.
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Newest Listings in San Luis Obispo, CA
What homes are available in San Luis Obispo, CA?
New - 11 hours on Rocket
$10,000 Closing Credit¹
#SC25046885, Hal Sweasey, Listing Office: Keller Williams Realty Central Coast
New - 12 hours on Rocket
$10,000 Closing Credit¹
#SC25046696, Lindsey Harn, Listing Office: Christie's International Real Estate Sereno
New - 12 hours on Rocket
$10,000 Closing Credit¹
#SC25041711, Hal Sweasey, Listing Office: Keller Williams Realty Central Coast
New - 12 hours on Rocket
$10,000 Closing Credit¹
#SC25040274, Hal Sweasey, Listing Office: Keller Williams Realty Central Coast
New - 23 hours on Rocket
$8,182 Closing Credit¹
#SC25043615, Kellye Grayson, Listing Office: The Avenue Central Coast Realty, Inc.
New - 2 days on Rocket3D tour
$7,707 Closing Credit¹
#SC25038454, Judy Sharma, Listing Office: Redfin Corporation
New - 3 days on Rocket
#SC25043860, Ellie Washington, Listing Office: Compass
New - 4 days on Rocket
$10,000 Closing Credit¹
#PI25042402, Jeff Landon, Listing Office: Keller Williams Realty Central Coast
New - 4 days on Rocket
$10,000 Closing Credit¹
#PI25042874, Jeff Landon, Listing Office: Keller Williams Realty Central Coast
New - 4 days on Rocket
$10,000 Closing Credit¹
#SC25038686, Summer Kabaker, Listing Office: Compass
New - 4 days on Rocket
$10,000 Closing Credit¹
#SC25040275, Hal Sweasey, Listing Office: Keller Williams Realty Central Coast
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, and Santa Barbara MLS for the period 03/01/2023 - 03/01/2025
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: 3/4/2025, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2025 Santa Barbara Multiple Listing Service. 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: 3/4/2025, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.