30 homes in Morro Bay
Morro Bay is a coastal town known for Morro Rock and fishing harbor. Features waterfront dining, kayaking, and small-town atmosphere.
Today, Morro Bay has 30 homes for sale at a median price of $1,075,000, typically selling in about 85 days. Families here choose from 2 schools rated 8 or higher on the Topfind School Score.
Powered by the Topfind School Score
Median Home Price
$940K
↓ 2.6% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
0.2 months of supply
Seller's MarketWith only 30 active listings, supply is tight.
What this means for buyers
Homes are selling quickly—inventory is tight, competition is strong, and buyers have limited room to negotiate. Listings typically sell in ~85 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market—buyers often have strong leverage to negotiate price, terms, and repairs. Sales 63% faster than 6 months ago.
Inventory Distribution
Homes are taking longer to sell—a larger share of listings remain on the market beyond 30 days, giving buyers more leverage.
Housing Tenure in Morro Bay
Homeownership is higher than average—most households in this area own rather than rent.
61%
Homeowners
39%
Renters
Homeownership is 5.5% higher than the California average (55.5%)
4,989 households (2023)
Median Price by Bedroom
Home prices increase with bedroom count, though premiums vary by size.
Each additional bedroom adds about $176K 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
57% of active listings
Average reduction: 7.3% (~$78K)
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