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The competitive market causes many homes to sell for $5,000 to $10,000 over the initial asking price, she said. ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. San Luis Obispo County's median home price rose to $530,000 in April 2017, up 3.9 percent from April 2016, according to CoreLogic. Here's a closer look at San Luis Obispo's housing market, by the numbers. That challenge is exacerbated when the market is hot and inventory is in short supply, which is the case for both these days, according to local real estate experts.
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. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. The data relating to real estate on this web site is provided through a cooperative data exchange program of the Bay Area Real Estate Information Services, Inc. Multiple Listing Service in which this real estate broker participates.
New Listings in San Luis Obispo
San Luis Obispo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster. Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. In addition, some homeowners are avoiding selling their houses because they want to maintain their favorable interest rates, which keeps properties off the market, Tartaglia said. In San Luis Obispo, homebuyers looking for a reasonably priced house will be giving up size, amenities and modern upgrades for location. Typically, that means they’ll be choosing among smaller single-family homes or condos that may have dated decor or be in need of remodeling.
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Home offer insights for San Luis Obispo
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. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Condo buyers have a better chance of finding a home that’s moderately priced and in need of fewer renovations, Kessler said. A two-bedroom, two-and-a-half-bathroom condo selling for $519,000 in the Villa Rosa complex on Garibaldi Avenue was built in 1994 and comes with modern appliances and a fireplace. Zillow Home Value Index , built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types. Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire.
How hot is the San Luis Obispo housing market?
We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Many homes in San Luis Obispo County are selling fast, if you're buying plan to act quickly.
Zillow's metrics aim to inform and support the decision-making process with relevant market data by measuring monthly market changes across various geographies and housing types. Can sell for about 5% above list price and go pending in around 9 days. Can sell for about 1% above list price and go pending in around 15 days. Can sell for about 2% above list price and go pending in around 9 days. Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood.
Number of Homes Sold
Secure your position in the market with a mortgage from Rocket Mortgage®, our sister company. Click on the risks below to learn which exist in San Luis Obispo today and how they’ll change by 2050. Flood risk in San Luis Obispo is increasing slower than the national average. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive. Click on the risks below to learn which exist in San Luis Obispo County today and how they’ll change by 2050. Flood risk in San Luis Obispo County is increasing slower than the national average.
School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly. Some buyers even submit statements about themselves and their families to give sellers a better idea of why they want the houses they’re vying for. AnAssociation of Realtors report released in Maysaid San Luis Obispo County homebuyers need to make at least $113,020 to afford a $550,000 home, which is possible for only 26 percent of residents. If you’ve ever gone house hunting in San Luis Obispo, you know how difficult it can be to find the right place at the right price. You’re more likely to find many wrong places at many wrong prices.
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If you're buying a home in San Luis Obispo County, you may be able to get a good deal. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. 53% of San Luis Obispo homebuyers searched to stay within the San Luis Obispo metropolitan area.
Los Angeles homebuyers searched to move into San Luis Obispo more than any other metro followed by San Francisco and Fresno. Across the nation, 0.40% of homebuyers searched to move into San Luis Obispo from outside metros. In Sep '22 - Nov '22, 47% of San Luis Obispo homebuyers searched to move out of San Luis Obispo, while 53% looked to stay within the metropolitan area. Of homes in San Luis Obispo County are required to have flood insurance.
BAREIS MLS does not create, control, or review the property data displayed on this site and takes no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. In November 2022, San Luis Obispo home prices were down 11.8% compared to last year, selling for a median price of $794K. On average, homes in San Luis Obispo sell after 21 days on the market compared to 20 days last year. There were 27 homes sold in November this year, down from 40 last year. In November 2022, San Luis Obispo County home prices were up 8.6% compared to last year, selling for a median price of $825K.
The average homes sell for about 1% below list price and go pending in around 45 days. The average homes sell for about 1% below list price and go pending in around 23 days. The average homes sell for around list price and go pending in around 31 days. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones.
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