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SAN LUIS OBISPO, CA 93401

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The SAN LUIS OBISPO, CA real estate market (93401) currently shows 78 active listings, with 33 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 94 days on market compared to 60 days last year.

The median listing price has fallen 16.4% year-over-year, from $1,195,000 to $998,465.

Whether you are buying or selling in SAN LUIS OBISPO, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 28,773  ·  Density: 173.1/mi²  ·  Median household income: $89,962

Typical home value: $879,666  ·  Homeownership: 46.8%

Market Overview

Active Listings
78
⇧ 32.2% vs 59 last year
Pending
33
42% pending ratio
Median Price
$998,465
⇩ 16.4% vs $1,195,000 last year
Average Price
$1,434,672
⇩ 16.4% vs $1,716,460 last year
Days on Market
94
⇧ 56.7% vs 60 days last year

Price Per Square Foot

Median $/sqft
$676
⇧ 4.5% vs $647/sqft last year
Median Home Size
1,499 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 78 this year vs 59 last year
  • Days on market: 94 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $998,465 (-16.4% YoY)
  • Average: $1,434,672 (-16.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 45.6 miles — 373 listings ($602,585,897 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
93401San Luis Obispo, CA 934010.0 mi73$111,113,884$1,129,975$1,522,108
93405San Luis Obispo, CA 934057.4 mi23$40,281,326$1,189,000$1,751,362
93424Avila Beach, CA 934249.6 mi5$11,892,485$2,500,000$2,378,497
93402Los Osos, CA 9340213.0 mi21$32,740,407$1,050,000$1,559,067
93444Nipomo, CA 9344415.3 mi45$67,310,730$1,285,000$1,495,794
93422Atascadero, CA 9342216.3 mi66$55,883,586$812,000$846,721
93434Guadalupe, CA 9343420.4 mi4$2,487,000$611,000$621,750
93465Templeton, CA 9346522.2 mi25$52,305,775$1,894,000$2,092,231
93453Santa Margarita, CA 9345326.1 mi13$15,363,504$1,074,500$1,181,808
93454Santa Maria, CA 9345429.4 mi28$17,288,488$525,000$617,446
93428Cambria, CA 9342833.7 mi39$70,273,554$1,500,000$1,801,886
93440Los Alamos, CA 9344039.7 mi16$83,723,728$995,000$5,232,733
93451San Miguel, CA 9345145.6 mi15$41,921,430$980,000$2,794,762

Frequently Asked Questions

How many homes are for sale in SAN LUIS OBISPO, CA 93401?

As of February 2026, there are 78 active listings in SAN LUIS OBISPO, CA (zip code 93401), compared to 59 the prior year.

What is the median home price in SAN LUIS OBISPO, CA 93401?

The median listing price in SAN LUIS OBISPO, CA 93401 is $998,465 as of February 2026, a 16.4% decrease from $1,195,000 the prior year.

How long do homes stay on the market in SAN LUIS OBISPO, CA?

Homes in SAN LUIS OBISPO, CA 93401 spend an average of 94 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in SAN LUIS OBISPO, CA 93401?

Based on current inventory and days-on-market data as of February 2026, SAN LUIS OBISPO, CA 93401 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 94 days on market compared to 60 days last year.

How much can I save on real estate commission in SAN LUIS OBISPO, CA?

With SELL123.com's maximum 3% commission, sellers in SAN LUIS OBISPO, CA 93401 save an estimated $19,969 compared to a typical 5% commission on the median listing price of $998,465. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.