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San Luis Obispo County March 2024 Market Update

Whether you're thinking of buying or selling a home, or just like to stay up to date on the real estate market, you need real data that is locally sourced to keep you informed.

Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you for your real estate transaction.

March 2024 saw an increased number of closed sales from last month and last year.  Pending sales were up from February but down from March 2023. Both new listings and current inventory decreased from last month as well as last year. 

The average price is up 6.4% from last year, while the average price per square foot is up 7.1%. The average percentage of the sales price to list price rose to 97.5%, as 53.4% of the homes sold for less than the list price.

Our market report showcases everything you need to know about each San Luis Obispo County community's real estate trends.

 

225

New Listings

2023:  258

479

Active Listings

2023:  497

186

Under Contract

2023:  205

223

Closed Sales

2023:  203


Homes Sold

97.5%

Sale-to-List Price

2023:   97.7%

$972,508

Avg Sales Price

2023:  $913,764

2.3

Months of Supply

2023:  2.3

43

Avg Days on Market

2023:  43

$559

Avg Price per Sq Foot

2023:  $522

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