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Featured local agent — San Luis Obispo, CA
Sarah Mitchell
Compass Real Estate · San Luis Obispo, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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San Luis Obispo, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$970,000median sale price
How is the San Luis Obispo, CA housing market right now?
The median home sale price in San Luis Obispo, CA is $970,000, up 6.6% year-over-year. Homes sell in an average of 36 days with 106 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is San Luis Obispo a buyer's or seller's market?
San Luis Obispo, CA is currently a seller's market, based on 2.6 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
41
Last 12 weeks
Days on market
36
Average pace
Active listings
106
2.6 months supply
Sale-to-list
100.1%
Above asking
What does the San Luis Obispo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $970,000 |
| Median list price | $899,000 |
| Year-over-year price change | +6.6% |
| Average days on market | 36 days |
| Active inventory | 106 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $609/sq ft |
| Homes sold (latest month) | 41 |
| New listings (latest month) | 53 |
| Listings with a price cut | 34.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in San Luis Obispo by property type?
How the San Luis Obispo, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.18M | $674/sq ft | 27 | 36 days |
| Condo / Co-op | $847,000 | $575/sq ft | 10 | 23 days |
| Townhouse | $805,000 | $493/sq ft | 3 | 48 days |
Source: Redfin · Updated monthly
The San Luis Obispo housing market is currently classified as a seller's market with a median sale price of $970,000. Prices have risen 6.6% compared to last year, with homes spending an average of 36 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 16.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in San Luis Obispo
There are currently 106 homes listed for sale in San Luis Obispo, California. The median listing price is $899K.
Active listings
106
Homes on market
Median list price
$899K
Avg. days on market
36
Days until sale
New this week
53
Newly listed
Who lives in San Luis Obispo?
Population
48,039
Median income
$66,711/yr
Median age
26.2 years
Owner-occupied
39.0%
College grads
54.4%
Avg commute
15.6 min
Source: U.S. Census Bureau ACS
What are homes worth in San Luis Obispo?
Zillow home value
$1.10M
Zillow rent index
$3,203/mo
Price-to-rent ratio
28.7x
Price-to-income
16.5x
Source: Zillow Research
What is it like to live in San Luis Obispo?
San Luis Obispo is a community of approximately 48K residents with a median age of 26.2 years.The median household income is $66,711, which represents a working-class community with solid middle-income opportunities. 54.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 39.0%, showing a blend of owner and renter-occupied properties. The average commute time is 15.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, San Luis Obispo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve San Luis Obispo?
12 schools tracked · 5,542 students
The largest public schools serving San Luis Obispo, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
San Luis Obispo High
Grades 9-12 · 1,650 students
Laguna Middle
Grades 7-8 · 845 students
Los Ranchos Elementary
Grades K-6 · 502 students
Pacheco Elementary
Grades K-6 · 485 students
C L Smith Elementary
Grades K-6 · 484 students
Hawthorne Elementary
Grades K-6 · 415 students
Sinsheimer Elementary
Grades K-6 · 370 students
Bishop's Peak Elementary
Grades K-6 · 368 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near San Luis Obispo, CA?
Want a head-to-head view? Compare San Luis Obispo side-by-side with any other U.S. city using our market-comparison tool.
Is San Luis Obispo a good real estate investment market?
For investors evaluating San Luis Obispo, the price-to-rent ratio of 28.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 6.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on San Luis Obispo's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using San Luis Obispo's median home price.
Frequently asked questions
What is the average home price in San Luis Obispo?
The median home sale price in San Luis Obispo is $970,000, up 6.6% from last year.
How long do homes stay on market in San Luis Obispo?
Homes typically spend 36 days on market before going under contract.
What is the median income in San Luis Obispo?
The median household income is $66,711 per year.
Is San Luis Obispo a buyer's or seller's market?
With 2.6 months of supply, San Luis Obispo is currently a seller's market.
What is the Zillow home value estimate for San Luis Obispo?
The Zillow Home Value Index (ZHVI) for San Luis Obispo is $1.10M, representing the typical home value in the area.
What is the median condo price in San Luis Obispo?
The median condo/co-op sale price in San Luis Obispo, CA is $847,000, compared to $1.18M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in San Luis Obispo?
The median single-family home price in San Luis Obispo, CA is $1.18M (about $674 per square foot).
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