Morro Bay Housing Market Report – July 2026
Here's a look at how the Morro Bay, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 19
- Median Sale Price: $940,000
- Average Sale Price: $994,730
- Average Price Per Sq Ft: $766
- Average Days on Market: 60
- Sale-to-List Price Ratio: 99.5%
Month-Over-Month Trends
Compared to June, the median sale price in Morro Bay moved 5.9% up (from $888,000 to $940,000). The number of homes sold was 72.7% up compared to the prior month (11 vs. 19). Average days on market shifted 40.0% down (100 days to 60 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 19.7% down (from $1,170,000 to $940,000). Sales volume is 111.1% up year-over-year.
What This Means
Morro Bay's housing market is showing some interesting mixed signals this July. While sales volume jumped significantly from June, this likely reflects improved data collection rather than a genuine market surge—a pattern we've been seeing as reporting has normalized. The more telling story is in the price action: the median climbed 5.9% month-over-month to $940,000, yet remains nearly 20% below last July's $1.17 million. This suggests we're in a correction phase from last year's peak, though the recent rebound indicates the market may be stabilizing.
The real positive here is velocity. Average days on market dropped from 100 to 60 days, and homes are selling at 99.5% of list price—both signs of improved buyer interest and less inventory pressure. With 72 active listings and a median asking price of $834,999, there's healthy selection for buyers, though many listings are taking longer to move than sold homes, suggesting some price resistance in the $800K-plus range.
Overall, Morro Bay's market feels like it's finding its footing after last year's pullback. Prices are moderating, homes are moving faster, and we're not seeing the desperation pricing that characterized some California markets. It's a balanced moment—neither a bargain hunter's paradise nor a seller's feeding frenzy.
Morro Bay Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93442 | 19 | $940,000 | $766 | 60 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 15 | $950,000 | $782 |
| CONDOS | 3 | $535,000 | $723 |
| MULTI_FAMILY | 1 | $950,000 | $661 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 2 |
| $500K - $749K | 5 |
| $750K+ | 12 |
Current Active Listings
As of this report, there are 72 active listings in Morro Bay with a median asking price of $834,999 and an average of 115 days on market.
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