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March 2024 Real Estate Report
85 Total
Homes For Sale
Homes For Sale
40 Homes
Added to the Market
Added to the Market
31 Homes
Sold
Sold
Compared to Previous Month
14%
More Homes For Sale
-32%
Fewer Homes Sold
Last month in March, housing in San Luis Obispo, CA ended with 40 homes being added to the market for sale, for a cumulative monthly total of 85 homes for sale - up 14% compared to February. San Luis Obispo, CA had a total of 31 homes sold for the month - down -32% from the month prior.
Detached led the way in homes sold with a total of 21 - down -19%, while attached totaled 10 in closed sales - down -60% from the month of February. The number of detached properties sold under 1500 square feet totaled 6 for the month of March, while homes from 1500 to 2000 square feet recorded 10 sales and homes sized from 2000 to 2500 square feet had 4 sales. The following ranges for detached homes all had no sales: 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.
The number of attached homes sold under 1500 square feet numbered 8 and attached homes in the square feet range of 1500 to 2000 recorded 2 sales. The following ranges for attached homes all had no sales: 2000 to 2500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.
When are the most homes sold in San Luis Obispo, CA?
January:
46 Homes Sold
The last 12 month period for the city of San Luis Obispo, CA shows that the greatest number of homes were sold during the months of May 2023, January 2024 and February 2024. The months of May 2023, January 2024 and February 2024 had 41 - 46 and 41 homes sold, respectively, as compared to an average of 31 for the other months of the year.
When do homes sell the fastest in San Luis Obispo, CA?
December:
14 Days On Market
The last 12 month period for the city of San Luis Obispo, CA shows that homes sold the fastest during the months of September 2023, November 2023 and December 2023. The months of September 2023, November 2023 and December 2023 had 18 - 16 and 14 days on market, respectively, as compared to an average of 23 for the other months of the year.
Average Price Of Homes Sold In San Luis Obispo, CA
By Size Category
Average Sold Price
Average Price Per Square Foot
Average Price Of Homes Sold In San Luis Obispo, CA
By Year
Average Sold Price
Average Price Per Square Foot
| Number of homes sold in San Luis Obispo, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | 46 | 41 | 31 | - | - | - | - | - | - | - | - | - | 118 |
| 2023 | 18 | 25 | 35 | 26 | 41 | 32 | 36 | 28 | 37 | 33 | 32 | 24 | 367 |
| 2022 | 20 | 25 | 37 | 39 | 47 | 33 | 41 | 50 | 33 | 31 | 28 | 21 | 405 |
| 2021 | 27 | 48 | 70 | 63 | 56 | 73 | 60 | 61 | 70 | 31 | 41 | 35 | 635 |
| 2020 | 28 | 82 | 57 | 27 | 25 | 46 | 56 | 52 | 51 | 49 | 41 | 53 | 567 |
| 2019 | 20 | 25 | 42 | 51 | 54 | 53 | 51 | 50 | 40 | 41 | 38 | 48 | 513 |
| 2018 | 25 | 17 | 44 | 40 | 44 | 51 | 46 | 45 | 40 | 36 | 27 | 21 | 436 |
| 2017 | 29 | 20 | 48 | 44 | 57 | 44 | 69 | 39 | 38 | 46 | 41 | 33 | 508 |
| Average Days On Market (DOM) In San Luis Obispo, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
| 2024 | 19 | 25 | 32 | - | - | - | - | - | - | - | - | - | 25 |
| 2023 | 35 | 24 | 30 | 26 | 20 | 22 | 18 | 22 | 18 | 20 | 16 | 14 | 22 |
| 2022 | 1 | 18 | 10 | 6 | 8 | 8 | 11 | 18 | 30 | 22 | 20 | 44 | 16 |
| 2021 | 30 | 29 | 29 | 18 | 19 | 23 | 23 | 15 | 15 | 15 | 18 | 24 | 22 |
| 2020 | 64 | 35 | 47 | 14 | 33 | 38 | 26 | 35 | 55 | 29 | 29 | 41 | 37 |
| 2019 | 40 | 48 | 53 | 23 | 32 | 25 | 25 | 50 | 29 | 45 | 42 | 60 | 39 |
| 2018 | 71 | 39 | 27 | 22 | 21 | 25 | 29 | 29 | 28 | 45 | 47 | 38 | 35 |
| 2017 | 40 | 43 | 40 | 16 | 14 | 26 | 25 | 27 | 43 | 23 | 29 | 53 | 32 |
| Average Days From List To Close Of Escrow In San Luis Obispo, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
| 2024 | 57 | 66 | 77 | - | - | - | - | - | - | - | - | - | 67 |
| 2023 | 85 | 78 | 73 | 83 | 77 | 79 | 65 | 68 | 62 | 91 | 74 | 78 | 76 |
| 2022 | 62 | 86 | 50 | 62 | 55 | 44 | 61 | 72 | 77 | 68 | 74 | 103 | 68 |
| 2021 | 97 | 99 | 97 | 83 | 71 | 94 | 92 | 81 | 66 | 73 | 70 | 85 | 84 |
| 2020 | 113 | 99 | 98 | 82 | 151 | 94 | 89 | 85 | 103 | 98 | 84 | 98 | 100 |
| 2019 | 91 | 91 | 106 | 75 | 90 | 83 | 86 | 98 | 82 | 99 | 93 | 136 | 94 |
| 2018 | 165 | 130 | 84 | 81 | 74 | 80 | 82 | 100 | 86 | 93 | 99 | 87 | 97 |
| 2017 | 86 | 90 | 95 | 75 | 62 | 73 | 89 | 88 | 99 | 88 | 99 | 108 | 88 |
| Number of homes added to the market in San Luis Obispo, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | 50 | 33 | 40 | - | - | - | - | - | - | - | - | - | 123 |
| 2023 | 34 | 36 | 40 | 32 | 44 | 43 | 26 | 51 | 42 | 32 | 33 | 19 | 432 |
| 2022 | 31 | 38 | 41 | 55 | 52 | 40 | 55 | 47 | 24 | 26 | 26 | 20 | 455 |
| 2021 | 47 | 54 | 69 | 63 | 65 | 57 | 56 | 45 | 33 | 37 | 19 | 17 | 562 |
| 2020 | 48 | 58 | 44 | 22 | 55 | 41 | 63 | 44 | 57 | 60 | 35 | 36 | 563 |
| 2019 | 46 | 46 | 48 | 68 | 55 | 42 | 52 | 51 | 51 | 42 | 19 | 25 | 545 |
| 2018 | 33 | 40 | 59 | 58 | 49 | 39 | 39 | 40 | 27 | 27 | 22 | 19 | 452 |
| 2017 | 41 | 54 | 55 | 61 | 55 | 57 | 34 | 41 | 34 | 33 | 20 | 20 | 505 |