1 / 20
Price cut: $405,000 (7/2)
VIRTUAL TOUR
$1,095,000FOR SALE
2 beds · 2 baths · 1,648 sqft
BHGRE HAVEN PROPERTIES
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23 homes in 93402
Homes for Sale in 93402
Morro Bay, CA
1556 3rd, Los Osos, CA 93402
1 / 20
Price cut: $100,000 (8/27)
OPEN SATURDAY, 10PM - 12AM
$1,095,000FOR SALE
2 beds · 3 baths · 1,560 sqft
Central Coast Property Sales
1 / 20
Price cut: $25,000 (8/18)
VIRTUAL TOUR
$1,075,000FOR SALE
4 beds · 3 baths · 2,300 sqft
BHGRE HAVEN PROPERTIES
1 / 20
Price cut: $105,000 (7/25)
$745,000FOR SALE
2 beds · 2 baths · 1,200 sqft
Central Coast Property Sales
1 / 30
Price cut: $224,000 (3/15)
OPEN SUNDAY, 6:30PM - 9PM
$3,175,000FOR SALE
4 beds · 5 baths · 5,290 sqft
LPT Realty, Inc.
1 / 73
Price cut: $255,000 (5/14)
VIRTUAL TOUR
$4,495,000FOR SALE
5 beds · 6 baths · 5,726 sqft
Christie's International Real Estate Sereno
1 / 20
VIDEO TOUR
$949,000FOR SALE
2 beds · 2 baths · 1,162 sqft
Coldwell Banker Realty
1 / 20
$850,000FOR SALE
3 beds · 2 baths · 1,256 sqft
Windermere Central Coast
1 / 20
Price cut: $20,100 (8/27)
$799,900FOR SALE
2 beds · 2 baths · 1,401 sqft
NextHome Central Coast
1 / 28
Price cut: $135,000 (4/30)
$1,515,000FOR SALE
5 beds · 3 baths · 3,200 sqft
Plan For Real Estate
1 / 26
Price cut: $65,000 (3/29)
$1,130,000FOR SALE
4 beds · 3 baths · 2,122 sqft
Eighty20 Group
1 / 37
NEW 3 DAYS AGO
$819,000FOR SALE
2 beds · 2 baths · 1,240 sqft
BHGRE HAVEN PROPERTIES
1 / 75
$1,850,000FOR SALE
4 beds · 4 baths · 2,106 sqft
Central Coast Sotheby's International Realty
1 / 20
$1,390,000FOR SALE
3 beds · 3 baths · 2,327 sqft
BHGRE HAVEN PROPERTIES
1 / 20
$1,495,000FOR SALE
3 beds · 3 baths · 2,604 sqft
Lotus Real Estate Services
1 / 20
VIRTUAL TOUR
$820,000FOR SALE
3 beds · 2 baths · 1,250 sqft
Holland Real Estate
About 93402 Real Estate
About Morro Bay: The 93402 ZIP code is in Morro Bay, CA. Morro Bay is a seaside city in San Luis Obispo County, California, United States. Located on the Central Coast of California, the town overlooks Morro Bay, a natural embayment with an all-weather, small-craft, commercial and recreational harbor.
Today, the 93402 area has 23 homes for sale with a median listing price of $1.1M. The average price per square foot is $707.
93402 Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.9 months of supply, yet the typical home takes about 76 days to sell, and 35% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Buyer leverageBalancedSeller leverage
Median Home Price
$1.18M
↑ 8% over the past yearChart shows the median closed sale price by month
$1.1M$989K$853.4K$717.8K
Sep 25
Dec 25
Mar 26
Jun 26
Months of Supply
Estimated time to sell all listings at the current sales pace
2.9 months of supply
Tight Supply23 active listings against the current sales pace works out to about 2.9 months of supply.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
2.9
0369+
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~76 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
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 30% over the last six months.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
New
Active
Aging
Stale
About 52% of current listings are under 30 days old, while the rest have been up longer.
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 93402 Area
Homeownership is higher than average, and most households in this area own rather than rent.
HomeownersRenters
61%
Homeowners
39%
Renters
Homeownership is 5.5 points higher than the California average (55.5%)
Higher ownership rates often reflect more stable neighborhoods and longer-term residents.
4,989 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
1 Bed$799K
2 Bed$958K
3 Bed$1.1M
4 Bed$1.9M
5 Bed$3.0M
Each additional bedroom adds about $552K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$1.2M)
Price Reductions
8
8 listings have reduced their price
35% of active listings
Average reduction: 9.1% (~$108K)
A sizable share of sellers have trimmed their asking price. Those listings are the clearest place to negotiate.
Explore Nearby Cities
Browse homes for sale in cities near Morro Bay
Frequently Asked Questions about Homes for Sale in 93402, CA
How many homes are for sale in 93402, CA?
There are currently 23 homes for sale in 93402, ranging from $745,000 to $4,495,000. 1 of them hit the market within the last week.
What is the median home price in 93402?
The median list price in 93402 is $1,095,000. Price per square foot averages $707. Prices are up 7.8% compared to a year ago.
How fast do homes sell in 93402?
Homes in 93402 currently average 77 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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