New Downward Trend in Home Prices for Morro Bay Real Estate Market

Home sales in the Morro Bay market remained sluggish in this week's report as they slid 23.1% to 10 homes sold over the last 30 days. Meanwhile, close-by San Luis Obispo reported 42 homes sales, the highest number from all the surrounding cities. The median sales price continued to fall, trending downwards for four weeks to reach $577,000.

Trying to find a home at a bargain price? Take a look at these affordable homes in Morro Bay:

$305K   $350K   $406K  

Get started right now by checking out Morro Bay homes for sale or reviewing Morro Bay real estate trends.

Demographic facts about Morro Bay:

  • There are 1,930.0 people per square mile in this area.
  • This area has a lifestyle rating of 79. (Scale: 1 = Worst, 100 = Best)
  • The breakdown of residents commuting to work is 73.8% by car, 10.8% by carpool, and 0.0% by public transit.

Data reported through 10/12/2016

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Ask a local expert about this area:
First Team Real Estate
Snapped 1 home in this area
Flintridge Realty
Snapped 1 home in this area

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