San Luis Obispo, CA Housing Market
Median List Price
$1,098,754
Updated August 2026
Today, San Luis Obispo has 112 homes for sale at a median list price of $1,098,754, typically selling in about 62 days.
San Luis Obispo Market Analysis
The median list price in San Luis Obispo, CA is $1.1M. Current inventory stands at 112 active listings. 36 new listings came on the market in the last 30 days.
Expect a median around $699,000 for two bedroom homes and $2.4M at the six bedroom end. Single family homes lead the mix at 57.1%, with condos accounting for another 29.5%. The median price has held roughly steady over the last six months, at $1.1M as of July. On a per square foot basis, the median runs $616.
Homes here typically go under contract in about 15 days. That is a quick turnaround, so buyers who wait on a well priced home often miss it. The area spans the 93401 and 93405 ZIP codes.
San Luis Obispo Rental Market
The median asking rent in San Luis Obispo, CA is $3,000. Current inventory stands at 7 active rental listings. November 2025 to April 2026 saw the median rent go from $4,200 to $3,100, down about 26.2%.
San Luis Obispo Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.7 months of supply, yet the typical home takes about 62 days to sell, and 42% 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.
Median Home Price
$1.10M
↓ 2% 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
2.7 months of supply
Tight Supply112 active listings against the current sales pace works out to about 2.7 months of supply.
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 ~62 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 39% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 50% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in San Luis Obispo
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
39%
Homeowners
61%
Renters
Homeownership is 16.5 points lower than the California average (55.5%)
20,005 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $621K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$1.4M)
Price Reductions
47 listings have reduced their price
42% of active listings
Average reduction: 8.0% (~$88K)
Browse San Luis Obispo Listings
Frequently Asked Questions about the San Luis Obispo, CA Housing Market
What is the median home price in San Luis Obispo, CA?
The median list price in San Luis Obispo is $1,098,754 as of August 2026, based on 112 active listings.
Is San Luis Obispo a buyer's market or a seller's market?
San Luis Obispo currently reads as a balanced market. Active inventory works out to about 2.7 months of supply at the recent sales pace.
How fast do homes sell in San Luis Obispo?
Homes that closed in the last 90 days typically went under contract in about 15 days. The average home currently for sale has been on the market for 62 days.
Are home prices in San Luis Obispo going up or down?
The median sale price in San Luis Obispo is down about 1.6% compared with a year ago.
How many homes are for sale in San Luis Obispo, CA?
There are 112 homes for sale in San Luis Obispo right now, including 15 listed within the last week.
What is the median rent in San Luis Obispo?
The median asking rent in San Luis Obispo is $3,000 per month, across 7 active rental listings.