San Luis Obispo Housing Market Report – June 2026
Here's a look at how the San Luis Obispo, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 71
- Median Sale Price: $925,000
- Average Sale Price: $1,077,616
- Average Price Per Sq Ft: $610
- Average Days on Market: 93
- Sale-to-List Price Ratio: 98.2%
Month-Over-Month Trends
Compared to May, the median sale price in San Luis Obispo moved 0.5% up (from $920,000 to $925,000). The number of homes sold was 10.9% up compared to the prior month (64 vs. 71). Average days on market shifted 43.1% up (65 days to 93 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 7.9% up (from $857,500 to $925,000). Sales volume is 36.5% up year-over-year.
What This Means
San Luis Obispo's housing market is showing resilience as summer buying season kicks in, though with some meaningful shifts beneath the surface. The median sale price of $925,000 reflects a solid 7.9% year-over-year gain, suggesting the market's fundamentals remain healthy despite broader economic uncertainties. However, the uptick in days on market—from 65 to 93 days month-over-month—is worth noting. This longer selling timeline could indicate that buyers are becoming more selective or that inventory levels are finally giving them more breathing room to shop deliberately rather than rush into bidding wars.
The sale-to-list ratio of 98.2% tells an interesting story: homes are still selling close to asking price, but not with the aggressive premiums we've seen in tighter markets. Combined with 211 active listings on the market, buyers genuinely have options now. The property mix skews heavily toward single-family homes, which likely reflects the valley's appeal to families and retirees seeking space and lifestyle over urban convenience.
For sellers, June presents a classic summer market—activity is up and prices are stable, but you'll need realistic expectations about timeline. For buyers, this might be the sweet spot of the season: prices haven't pulled back, but you've got time to make thoughtful decisions rather than emotional ones.
San Luis Obispo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93401 | 48 | $1,044,500 | $635 | 99 |
| 93405 | 23 | $865,000 | $560 | 76 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 37 | $1,185,000 | $668 |
| CONDOS | 12 | $702,000 | $546 |
| MULTI_FAMILY | 7 | $1,373,000 | $713 |
| TOWNHOMES | 4 | $835,000 | $518 |
| LAND | 4 | $630,817 | N/A |
| MOBILE | 3 | $295,000 | $284 |
| OTHER | 2 | $2,035,000 | $513 |
| CONDO | 2 | $687,500 | $437 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $200K - $299K | 2 |
| $300K - $399K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 9 |
| $750K+ | 57 |
Current Active Listings
As of this report, there are 211 active listings in San Luis Obispo with a median asking price of $939,990 and an average of 104 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.
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