Nipomo Real Estate Market Extends Downward Trend in Home Sales

A six-week rough patch for the overall sales trend continues in the Nipomo market, with the number of sales staying even at six over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Potential buyers should note that prices are coming down in Nipomo, and for this period the median sales price slid from $557,000 to $442,500. With a downward trend in sales numbers and eight months of inventory still left to work through, Nipomo is a strong buyer's market.

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

$184K   $239K   $315K  

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

Demographic facts about Nipomo:

  • 23 years old is the median age of all the homes in the area.
  • The job growth rating in this area is 62. (Scale: 1 = Worst, 100 = Best)
  • The average expenditures for each student in the area is $5,030. ($5,691 = national average)

Data reported through 10/13/2016

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