The San Luis Obispo, CA housing market is a strong buyer's market, scoring 16 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 197 homes for sale and 4.8 months of supply. Homes in San Luis Obispo, CA sold for a median of $750,000, down 35.3% from the prior month, or $541 per square foot. The average sale price in San Luis Obispo, CA was $937,000, above the median because a few high-priced homes pull the average up. The typical home goes under contract in 60 days, sales close at 98.2% of asking price and 12.1% of homes sell above list. 44.7% of active San Luis Obispo, CA listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-10-05 and are based on 41 recorded sales and 197 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 3204 Violet St, San Luis Obispo | 3/1,746 | $1,325,000 | 2026-10-05 |
| 1121 Orcutt Rd Spc 24, San Luis Obispo | 1/400 | $199,000 | 2026-10-02 |
| 321 Tolosa Way, San Luis Obispo | 3/1,652 | $1,350,000 | 2026-10-02 |
| 850 Alyssum Ct, San Luis Obispo | 2/958 | $750,000 | 2026-10-02 |
| 256 Via San Blas, San Luis Obispo | 3/1,565 | $669,900 | 2026-10-02 |
| 3960 S Higuera St Spc 94, San Luis Obispo | 2/938 | $170,000 | 2026-10-02 |
| 3057 S Higuera St Spc 48, San Luis Obispo | 3/1,462 | $235,000 | 2026-10-01 |
| 5838 Pebble Beach Way, San Luis Obispo | 4/2,720 | $1,750,000 | 2026-10-01 |
San Luis Obispo, CA is currently a strong buyer's market, at 16 out of 100 on our buyer-to-seller scale, which blends months of supply, sale-to-list price, days on market and the share of listings with price cuts. There are 4.8 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in San Luis Obispo, CA sold for $750,000 over the last 30 days. That is down 35.3% from the month before.
The average sale price in San Luis Obispo, CA was $937,000, above the median because a few high-priced homes pull the average up. The median ($750,000) is the middle sale, so it better reflects a typical home; the average is the total of all prices divided by the number of sales.
Homes in San Luis Obispo, CA take a median of 60 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 60 days is worth a second look on price.
Homes in San Luis Obispo, CA close at a median of 98.2% of their asking price, and 12.1% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 197 homes actively for sale in San Luis Obispo, CA, about 4.8 months of supply at the current sales pace.