Morro Bay Housing Market Report – April 2026
Here's a look at how the Morro Bay, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 13
- Median Sale Price: $770,000
- Average Sale Price: $871,069
- Average Price Per Sq Ft: $634
- Average Days on Market: 196
- Sale-to-List Price Ratio: 96.6%
Month-Over-Month Trends
Compared to March, the median sale price in Morro Bay moved 5.5% up (from $730,000 to $770,000). The number of homes sold was 30.0% up compared to the prior month (10 vs. 13). Average days on market shifted 49.6% up (131 days to 196 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 11.5% down (from $870,000 to $770,000). Sales volume is 7.1% down year-over-year.
What This Means
Morro Bay's housing market is sending mixed signals this April. While month-over-month we're seeing encouraging movement—sales jumped 30 percent and median prices climbed 5.5 percent—the year-over-year picture tells a different story. Prices are down 11.5 percent from April 2025, and sales volume has actually declined. This suggests the recent uptick may simply reflect normal spring seasonality rather than genuine market strengthening. Buyers are emerging from winter months, which explains the temporary boost, but underlying demand remains softer than it was a year ago.
The extended time on market is a real concern. Homes are now sitting for an average of 196 days before selling, nearly doubled from the 131 days we saw just last month. That's a significant shift and suggests buyers are taking their time, likely due to persistent affordability challenges. At $770,000 median and $634 per square foot, Morro Bay isn't cheap, and the uptick in active listings to 50 homes indicates there's less urgency to snap up properties. The 96.6 percent sale-to-list ratio shows some negotiating power returning to buyers—properties aren't commanding top dollar anymore.
This is a buyer-friendly environment compared to recent years, but it's also a slower market than the spring data alone would suggest. Those considering a move should take advantage while conditions favor negotiations.
Morro Bay Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93442 | 13 | $770,000 | $634 | 196 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 5 | $950,000 | $688 |
| MOBILE | 3 | $299,900 | $354 |
| CONDOS | 2 | $795,000 | $637 |
| MULTI_FAMILY | 2 | $1,335,000 | $1,198 |
| LAND | 1 | $450,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $200K - $299K | 1 |
| $400K - $499K | 2 |
| $500K - $749K | 1 |
| $750K+ | 8 |
Current Active Listings
As of this report, there are 50 active listings in Morro Bay with a median asking price of $909,750 and an average of 125 days on market.
Thinking About Selling Your Morro Bay Home?
If you're a homeowner in Morro Bay considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Morro Bay and throughout San Luis Obispo County — get a no-obligation cash offer today.