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Featured local agent — San Simeon, CA
Sarah Mitchell
Compass Real Estate · San Simeon, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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San Simeon, CA Housing Market
The typical home in San Simeon, CA is worth $608,247, fell 1.9% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $1.15M (through May 2026). With 6.0 months of supply and homes going under contract in about 263 days, San Simeon is a buyer's market. At today's 6.66% 30-year fixed rate, 20% down on a $608,247 home is about $3,127/mo in principal and interest.
Key numbers for San Simeon, CA
Typical home value
$608,247
-1.9% in 12 months
Zillow, July 2026
Median sale price
$1.15M
Last published period
Redfin, through April 2026
Days on market
263
Slow-moving
Redfin, through April 2026
Active listings
6
6.0 months of supply
Redfin, through April 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$54,705
Home costs 11.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
89.5%
Selling below asking
Redfin, through April 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is San Simeon a buyer's or seller's market?
San Simeon, CA is a buyer's market, based on 6.0 months of supply and homes selling in about 263 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the San Simeon housing market data show?
Every row below is Redfin's final published month for San Simeon, CA. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $1.15M |
| Median list price | $489,000 |
| Median price per sq ft | $885/sq ft |
| Median days on market | 263 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 89.5% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 16.7% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for San Simeon is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in San Simeon is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have San Simeon home prices moved?
Across the 31 months we hold for San Simeon, CA, the median sale price rose 198.7%, from $385,000 in April 2021 to $1.15M. The live Zillow value series has fell 1.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. 16.7% of San Simeon listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 6.0 months while the sale-to-list ratio slips below its current 89.5%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in San Simeon?
Priced off the typical home value of $608,247 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $121,649 | $486,598 | $3,127/mo |
| 5% | $30,412 | $577,835 | $3,713/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,127, that implies roughly $134,015 a year before you add taxes and insurance. The median household in San Simeon earns $54,705, about $79,310 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 11.1x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in San Simeon in the next 12 months?
Tell us your timeline. We send the San Simeon market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in San Simeon?
Zillow does not publish a rent index (ZORI) for San Simeon, CA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in San Simeon?
Active listings in San Simeon, CA went from 2 in February 2024 to 6 in April 2026, a +200.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| March 2024 | 1 | not published |
| August 2024 | 3 | 1 |
| October 2024 | 5 | 2 |
| November 2024 | 3 | not published |
| December 2024 | 2 | not published |
| January 2025 | 3 | 1 |
| February 2025 | 1 | not published |
| May 2025 | 1 | 1 |
| September 2025 | 3 | 1 |
| October 2025 | 4 | 2 |
| December 2025 | 4 | 1 |
| April 2026 | 6 | 1 |
Redfin, through April 2026
How does San Simeon compare to California and the U.S.?
San Simeon homes sell for $1.15M — 30% above the California median of $887,400. Against the national median of $410,700, San Simeon runs 180% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| San Simeon, CA | $1.15M | not published | 263 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in San Simeon
What buyers should watch
- Months of supply, currently 6.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 16.7%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $586 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $608,247 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median San Simeon listing goes under contract in 263 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 89.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month San Simeon added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -1.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside San Simeon varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in San Simeon
There are currently 6 homes listed for sale in San Simeon, California. The median listing price is $489K.
Active listings
6
Homes on market
Median list price
$489K
Avg. days on market
263
Days until sale
New this week
1
Newly listed
How much do homes cost in San Simeon by property type?
How the San Simeon, CA market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / co-op | $1.15M | $885/sq ft | 1 | 263 days |
| Townhouse | $510,000 | $512/sq ft | 1 | 76 days |
Who lives in San Simeon?
American Community Survey estimates for San Simeon. U.S. Census ACS, 2023
Population
301
Households
173
Median income
$54,705/yr
Median age
59.3 years
Owner-occupied
40.5%
Median home value
$276,600
Median gross rent
$1,343/mo
40.5% of occupied homes in San Simeon are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $276,600 against Zillow's $608,247 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near San Simeon, CA?
Ordered by distance from San Simeon, not by size. Compare San Simeon side by side with any of them.
San Simeon housing market FAQ
Is San Simeon a buyer's or seller's market?
San Simeon, CA is currently a buyer's market. That read comes from 6.0 months of supply, homes going under contract in about 263 days, and sellers getting 89.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in San Simeon?
The typical home in San Simeon, CA is worth $608,247 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $1.15M, about $885 per square foot.
Is San Simeon cheaper than the rest of California?
San Simeon's median sale price of $1.15M is 30% higher than the California statewide median of $887,400, and 180% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in San Simeon?
Homes in San Simeon, CA spent a median of 263 days on market before going under contract, versus 33 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in San Simeon?
At the current 30-year fixed rate of 6.66%, 20% down on a $608,247 home is about $3,127 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $134,015 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $54,705.
Are home prices rising in San Simeon?
The typical home value in San Simeon, CA fell 1.9% over the last 12 months, from $620,223 to $608,247 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in San Simeon?
San Simeon ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in San Simeon?
That depends on your timeline, not on a headline. What the data says today: San Simeon, CA is a buyer's market with 6.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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