93405 Housing Market
Median List Price
$1,350,000
Updated August 2026
Today, the 93405 ZIP code in San Luis Obispo, CA has 30 homes for sale at a median list price of $1,350,000, typically selling in about 85 days.
93405 Housing Market Overview
Buyers in the 93405 ZIP code are looking at a median list price of $1.4M. That is about 22.9% above the San Luis Obispo median. Since February, the median price has moved up about 10.2% to $1.3M as of July. The 93405 ZIP code has 30 active listings on the market right now.
93405 Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.3 months of supply, yet the typical home takes about 85 days to sell, and 57% 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
$1.35M
↓ 6% 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
2.3 months of supply
Tight Supply30 active listings against the current sales pace works out to about 2.3 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 ~85 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 35% 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 93405 Area
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
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $370K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$2.3M)
Price Reductions
17 listings have reduced their price
57% of active listings
Average reduction: 10.1% (~$136K)
Browse 93405 Listings
Frequently Asked Questions about the 93405 Housing Market
What is the median home price in the 93405 ZIP code?
The median list price in the 93405 ZIP code is $1,350,000 as of August 2026, based on 30 active listings.
Is the 93405 ZIP code a buyer's market or a seller's market?
The 93405 ZIP code currently reads as a buyer's market. Active inventory works out to about 2.3 months of supply at the recent sales pace.
How fast do homes sell in the 93405 ZIP code?
The average home currently for sale in the 93405 ZIP code has been on the market for 85 days.
Are home prices in the 93405 ZIP code going up or down?
The median sale price in the 93405 ZIP code is down about 5.8% compared with a year ago.
How many homes are for sale in the 93405 ZIP code?
There are 30 homes for sale in the 93405 ZIP code right now, including 4 listed within the last week.