Morro Bay, CA Housing Market
Median List Price
$977,000
Updated August 2026
Today, Morro Bay has 26 homes for sale at a median list price of $977,000, typically selling in about 94 days.
Morro Bay Market Analysis
Morro Bay, CA currently shows a median list price of $977,000. There are 26 homes currently listed for sale in Morro Bay, CA. 4 new listings came on the market in the last 30 days.
Two bedroom homes are the most affordable tier at a median of $824,900, while four bedroom homes top the range at $1.6M. The housing stock skews toward single family homes, at about 84.6% of active listings. Over the last six months, the median price has eased about 3.1%, from $970,000 in February to $940,000 in July. Per square foot, the median stands at $679.
Median time from listing to accepted offer is about 19 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Addresses here carry the 93442 ZIP code.
Morro Bay Rental Market
Morro Bay, CA currently shows a median asking rent of $4,400. There are 2 homes currently listed for rent in Morro Bay, CA. Over the last six months, the median rent has eased about 40.0%, from $2,500 in August 2025 to $1,500 in June 2026.
Morro Bay Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 94 days to sell, and sale prices have eased 12% over the last six months and are 14% below a year ago. At the same time, selling times have improved 52% versus six months ago, and supply sits at 3.7 months, roughly in step with demand, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$977K
↓ 14% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.7 months of supply
Balanced Supply26 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~94 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 52% over the last six months.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in Morro Bay
Homeownership is higher than average, and most households in this area own rather than rent.
61%
Homeowners
39%
Renters
Homeownership is 5.5 points higher than the California average (55.5%)
4,989 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $177K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$1.4M)
Price Reductions
17 listings have reduced their price
65% of active listings
Average reduction: 6.2% (~$61K)
Browse Morro Bay Listings
Frequently Asked Questions about the Morro Bay, CA Housing Market
What is the median home price in Morro Bay, CA?
The median list price in Morro Bay is $977,000 as of August 2026, based on 26 active listings.
Is Morro Bay a buyer's market or a seller's market?
Morro Bay currently reads as a buyer's market. Active inventory works out to about 3.7 months of supply at the recent sales pace.
How fast do homes sell in Morro Bay?
Homes that closed in the last 90 days typically went under contract in about 19 days. The average home currently for sale has been on the market for 94 days.
Are home prices in Morro Bay going up or down?
The median sale price in Morro Bay is down about 14.1% compared with a year ago.
How many homes are for sale in Morro Bay, CA?
There are 26 homes for sale in Morro Bay right now, including 1 listed within the last week.
What is the median rent in Morro Bay?
The median asking rent in Morro Bay is $4,400 per month, across 2 active rental listings.