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San Luis Obispo County May 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.
May 2024 saw nearly an 18% decrease in number of closed sales compared to last year. Current inventory remain about the same as last month but there is a 14.3% increase from last year. New and pending sales remained consistent with last month as well as last year.
The average sales price is down 3.0% from last year, while the average price per square foot is up 4.0%. The average percentage of the sales price to list price is 97.8%%, as 50.87% of the homes sold for the list price or above.
Our market report showcases everything you need to know about each San Luis Obispo County community's real estate trends.
302
New Listings
2023: 305
590
Active Listings
2023: 516
213
Under Contract
2023: 222
230
Closed Sales
2023: 280
Homes Sold
97.8%
Sale-to-List Price
2023: 100.1%
$995,068
Avg Sales Price
2023: $1,025,634
2.9
Months of Supply
2023: 2.5
41
Avg Days on Market
2023: 27
$569
Avg Price per Sq Foot
2023: $547
