San Luis Obispo Housing Market Report – July 2026
Here's a look at how the San Luis Obispo, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 80
- Median Sale Price: $982,500
- Average Sale Price: $1,393,499
- Average Price Per Sq Ft: $699
- Average Days on Market: 80
- Sale-to-List Price Ratio: 98.4%
Month-Over-Month Trends
Compared to June, the median sale price in San Luis Obispo moved 6.2% up (from $925,000 to $982,500). The number of homes sold was 12.7% up compared to the prior month (71 vs. 80). Average days on market shifted 14.0% down (93 days to 80 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 1.8% down (from $1,000,000 to $982,500). Sales volume is 23.1% up year-over-year.
What This Means
San Luis Obispo's housing market is showing steady momentum heading into late summer. While sales volume jumped 12.7% month-over-month to 80 homes, it's worth noting this uptick partly reflects improved data collection rather than a dramatic market surge. The more telling indicator is the median price, which climbed 6.2% from June to $982,500—suggesting genuine buyer interest and limited inventory to satisfy demand. Days on market dropped 14% to 80 days, indicating homes are moving faster as seasonal demand peaks and listing scarcity drives competition.
The year-over-year comparison reveals a market finding equilibrium after earlier uncertainty. The median price dipped just 1.8% annually, which is remarkably stable for California's coastal communities. More impressively, sales volume surged 23.1% year-over-year, pointing to stronger buyer confidence than this time last year. The 98.4% sale-to-list ratio confirms sellers retain pricing power, though not excessive leverage—homes are selling near asking rather than commanding massive premiums.
Looking ahead, the 233 active listings represent a healthy inventory level, preventing extreme seller dominance. With homes sitting around 104 days on average before selling, the market appears balanced and sustainable. For buyers, this means competition remains real but manageable. For sellers, it's a genuinely favorable window before fall typically brings softer demand.
San Luis Obispo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93401 | 55 | $970,000 | $691 | 71 |
| 93405 | 25 | $1,250,000 | $715 | 96 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 50 | $1,360,500 | $733 |
| CONDOS | 12 | $782,500 | $724 |
| CONDO | 5 | $720,000 | $634 |
| MULTI_FAMILY | 4 | $1,300,000 | $673 |
| LAND | 4 | $642,860 | N/A |
| MOBILE | 3 | $265,000 | $245 |
| OTHER | 1 | $3,195,000 | N/A |
| TOWNHOMES | 1 | $872,000 | $539 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 2 |
| $300K - $399K | 3 |
| $500K - $749K | 12 |
| $750K+ | 63 |
Current Active Listings
As of this report, there are 233 active listings in San Luis Obispo with a median asking price of $975,000 and an average of 104 days on market.
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