Morro Bay Housing Market Report – March 2026

Here's a look at how the Morro Bay, CA real estate market performed in March 2026, based on actual sold data from the MLS.

Market Snapshot

Homes Sold: 10
Median Sale Price: $730,000
Average Sale Price: $1,146,650
Average Price Per Sq Ft: $687
Average Days on Market: 131
Sale-to-List Price Ratio: 96.2%

Month-Over-Month Trends

Compared to February, the median sale price in Morro Bay moved 12.4% down (from $833,000 to $730,000). The number of homes sold was 37.5% down compared to the prior month (16 vs. 10). Average days on market shifted 18.0% up (111 days to 131 days).

Year-Over-Year Comparison

Compared to March 2025, the median sale price is 2.7% down (from $750,000 to $730,000). Sales volume is 23.1% down year-over-year.

What This Means

Morro Bay's real estate market is showing clear signs of cooling as we head into spring. March saw only 10 homes sell, down sharply from 16 the previous month and continuing a downward trend compared to last year. More telling is the median price drop of 12.4% month-over-month, suggesting that while the coastal town remains desirable, buyer demand is softening. The fact that homes are sitting on the market for an average of 131 days—up from 111 in February—indicates sellers are waiting longer to find their buyers, a notable shift from what we typically see in the traditionally stronger spring season.

The gap between what sellers are asking and what buyers are willing to pay is widening. With 44 active listings sitting at a median ask of $958,500 but the median sale price hovering around $730,000, there's roughly a $228,000 disconnect. While homes are still selling at 96.2% of list price overall, the extended marketing times and monthly price declines suggest the market has lost some of its momentum. Higher interest rates and seasonal buyer hesitation may both be playing a role here, creating a buyer's market that feels increasingly unfamiliar to this coastal community.

Morro Bay Sales by Zip Code

Zip Code	Homes Sold	Median Price	Avg $/SqFt	Avg DOM
93442	10	$730,000	$687	131

Sales by Property Type

Property Type	Homes Sold	Median Price	Avg $/SqFt
SINGLE_FAMILY	7	$1,400,000	$793
CONDOS	2	$521,500	$552
MOBILE	1	$102,000	$213

Sales by Price Range

Price Range	Homes Sold
$100K - $199K	1
$400K - $499K	1
$500K - $749K	4
$750K+	4

Current Active Listings

As of this report, there are 44 active listings in Morro Bay with a median asking price of $958,500 and an average of 143 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 the Central Valley — get a no-obligation cash offer today.