5 homes in near Santa Margarita Elementary
Homes for Sale near Santa Margarita Elementary
Santa Margarita, CA
About Homes near Santa Margarita Elementary
About Santa Margarita: Santa Margarita Elementary is located in Santa Margarita. Santa Margarita is an unincorporated community located in San Luis Obispo County, California. It was founded in 1889 near Cuesta Peak and San Luis Obispo along today's State Route 58. The town's name comes from the Mexican Alta California land grant of Rancho Santa Margarita. It is home to the Santa Margarita de Cortona Asistencia site. For statistical purposes, the United States Census Bureau has defined Santa Margarita as a census-designated place (CDP). The population was 1,291 at the 2020 census.
These are homes for sale within about 2 miles of Santa Margarita Elementary in Santa Margarita (Topfind School Score: 8/10). The area around the school has 5 active listings.
Santa Margarita Elementary Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. 80% of current listings are under 30 days old, and the typical home sells in about 30 days. At the same time, 60% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$919K
Chart shows the median closed sale price by month
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Santa Margarita Elementary Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
35%
Homeowners
65%
Renters
Homeownership is 20.5 points lower than the California average (55.5%)
435 households (2023)
Median Price by Bedroom
Home prices increase with bedroom count, though premiums vary by size.
Each additional bedroom adds about $328K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$481K)
Price Reductions
3 listings have reduced their price
60% of active listings
Average reduction: 6.3% (~$58K)
Santa Margarita Elementary Area Market Overview
As an elementary school, Santa Margarita Elementary operates within the Atascadero Unified district. The school carries a Topfind School Score of 8. Buyers in the Santa Margarita Elementary area are looking at a median list price of $919,000. Compared with Santa Margarita overall, that is an 84.2% premium. Since December 2025, the median price has moved down about 17.1% to $725,000 as of May 2026. The Santa Margarita Elementary area has 5 active listings on the market right now. Listings on this page are selected by distance to Santa Margarita Elementary, not by a confirmed attendance boundary. Confirm enrollment with the district.
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Frequently Asked Questions about Homes near Santa Margarita Elementary
How many homes are for sale in Santa Margarita Elementary Area, CA?
There are currently 5 homes for sale in Santa Margarita Elementary Area, ranging from $469,000 to $1,500,000. 1 of them hit the market within the last week.
What is the median home price in Santa Margarita Elementary Area?
The median list price in Santa Margarita Elementary Area is $919,000. Price per square foot averages $388.
How fast do homes sell in Santa Margarita Elementary Area?
Homes in Santa Margarita Elementary Area currently average 30 days on the market, a steady pace.
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