Morro Bay Housing Market Report – June 2026
Here's a look at how the Morro Bay, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 11
- Median Sale Price: $888,000
- Average Sale Price: $724,045
- Average Price Per Sq Ft: $546
- Average Days on Market: 100
- Sale-to-List Price Ratio: 94.3%
Month-Over-Month Trends
Compared to May, the median sale price in Morro Bay moved 1.5% down (from $901,250 to $888,000). The number of homes sold was 31.2% down compared to the prior month (16 vs. 11). Average days on market shifted 49.3% up (67 days to 100 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 12.5% up (from $789,125 to $888,000). Sales volume is 8.3% down year-over-year.
What This Means
Morro Bay's housing market is showing signs of cooling as we head into summer. Sales activity dropped significantly month-over-month, with only 11 homes sold compared to 16 in May, and homes are now lingering on the market considerably longer—averaging 100 days versus 67 days last month. While the median price dipped slightly to $888,000, this appears to be a modest correction rather than a dramatic shift. More telling is that sellers are accepting offers at 94.3% of list price, suggesting the strong negotiating position they enjoyed earlier this year is eroding. The uptick in days on market is particularly noteworthy and likely reflects both typical summer seasonality and broader market pressures from elevated interest rates that continue to dampen buyer enthusiasm.
Looking at the broader picture, year-over-year data tells a different story. The median price has climbed 12.5% since June 2025, indicating that despite recent weakness, the market remains fundamentally stronger than it was a year ago. However, inventory has expanded with 64 active listings currently available, the highest we've seen recently, which gives buyers more options and reduces urgency. At the current pace, homes are taking roughly four months to sell on average, a notable shift from the brisk sales pace of earlier in the year. Buyers considering Morro Bay should recognize this as a more balanced market environment than we've experienced recently.
Morro Bay Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93442 | 11 | $888,000 | $546 | 100 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 8 | $938,000 | $643 |
| MOBILE | 3 | $216,000 | $288 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $200K - $299K | 2 |
| $400K - $499K | 1 |
| $750K+ | 7 |
Current Active Listings
As of this report, there are 64 active listings in Morro Bay with a median asking price of $895,000 and an average of 119 days on market.
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