San Luis Obispo Housing Market Report – April 2026
Here's a look at how the San Luis Obispo, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 43
- Median Sale Price: $1,077,500
- Average Sale Price: $1,281,927
- Average Price Per Sq Ft: $617
- Average Days on Market: 78
- Sale-to-List Price Ratio: 99.6%
Month-Over-Month Trends
Compared to March, the median sale price in San Luis Obispo moved 2.3% down (from $1,102,500 to $1,077,500). The number of homes sold was 7.5% up compared to the prior month (40 vs. 43). Average days on market shifted 2.5% down (80 days to 78 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 0.1% down (from $1,079,000 to $1,077,500). Sales volume is 12.2% down year-over-year.
What This Means
San Luis Obispo's housing market is showing cautious optimism heading into late spring. April brought a modest uptick in sales volume, with 43 homes changing hands compared to 40 in March. What's encouraging here is that homes are still moving quickly—the average home spent just 78 days on the market and sold for 99.6% of asking price, suggesting healthy buyer demand at current price levels. However, the year-over-year comparison tells a different story, with sales down 12.2% from April 2025, indicating the market remains softer than it was a year ago.
The median price dipped slightly to $1,077,500, continuing a pattern of gentle softening we've seen throughout the spring. This is still essentially flat year-over-year, but the gap between median and average prices—over $200,000—suggests a concentration of higher-end sales skewing the averages upward. The real story might be in those 201 active listings: inventory is healthy and median asking prices are notably lower at $929,900, giving buyers more options than we typically see in San Luis Obispo. For sellers, it's less of a seller's market than previous years, but homes priced appropriately are still finding buyers relatively quickly.
San Luis Obispo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93401 | 30 | $1,076,250 | $603 | 89 |
| 93405 | 13 | $1,165,000 | $649 | 54 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 31 | $1,297,500 | $678 |
| MOBILE | 5 | $385,000 | $217 |
| CONDOS | 2 | $552,500 | $545 |
| LAND | 2 | $751,250 | N/A |
| TOWNHOMES | 2 | $903,450 | $531 |
| MULTI_FAMILY | 1 | $762,729 | $620 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 2 |
| $300K - $399K | 2 |
| $400K - $499K | 1 |
| $500K - $749K | 3 |
| $750K+ | 35 |
Current Active Listings
As of this report, there are 201 active listings in San Luis Obispo with a median asking price of $929,900 and an average of 86 days on market.
Thinking About Selling Your San Luis Obispo Home?
If you're a homeowner in San Luis Obispo 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 San Luis Obispo and throughout San Luis Obispo County — get a no-obligation cash offer today.