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Market Intelligence · CA / San Luis Obispo County

San Luis Obispo, CA home prices and housing market

2 ZIP markets liveData updated September 2026Typical value$1.08M1-yr changeUp2.0%

The typical home value in San Luis Obispo, CA is $1.08M as of September 2026, up 2.0% from a year ago, based on the Zillow Home Value Index. In the typical San Luis Obispo ZIP code, the median list price is $1.2M and homes spend a median of 70 days on market as of September 2026 (Realtor.com).

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The coverage

San Luis Obispo, by the numbers.

Typical home valueZillow ZHVI, September 2026
$1.08M
1-yr changeMedian across San Luis Obispo ZIPs
+2.0%
ZIP markets live8 tracked in San Luis Obispo
2
County
San Luis Obispo County

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12-month value trend

+2.0% over 12 months

Typical home value in San Luis Obispo over the last 12 months: $1.06M in Sep 2025 to $1.08M in Sep 2026 (+2.0%).

Sep 2025$1.06M

Sep 2026$1.08M

Median Zillow home value index across San Luis Obispo's ZIP codes.

Context

San Luis Obispo's median list price stands at $1,197,583, with typical home values around $1,081,197 as of September 2026. The market has 94 homes for sale and only 26 new listings during that period, suggesting constrained supply. Homes are staying on the market for a median of 70 days, and about 35.8% of listings have seen price reductions. The typical home value has grown 2.0% over the past year, but the combination of slower turnover and frequent price cuts indicates sellers should be realistic about timing and pricing expectations.

The numbers

What is the housing market like in San Luis Obispo, CA?

Typical home value

$1.08M

Up2.0%YoY

Median list price

$1.2M

Days on market

70

Homes for sale

94

Price cuts

35.8%

New listings

26

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect San Luis Obispo's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

San Luis Obispo, CA home prices over time

Typical home values in San Luis Obispo, CA are up 2.0% over the past year, from $1.06M in September 2025 to $1.08M in September 2026.

Typical home value in San Luis Obispo, CA, September of each year
MonthTypical value1-yr change
September 2026$1,081,197+2.0%
September 2025$1,059,614No prior year

Typical value is the median Zillow Home Value Index across San Luis Obispo ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is San Luis Obispo, CA a buyer's or seller's market?

San Luis Obispo, CA leans toward a buyer's market.

Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 70 days on market and 36% of listings with a price cut in the typical San Luis Obispo ZIP code, and 26 new listings against 94 active listings across San Luis Obispo, as of September 2026 (Realtor.com).

The outlook

San Luis Obispo housing market forecast 2027

+1.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 2 San Luis Obispo ZIP codes, points to typical home values rising 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in San Luis Obispo rose 2.0%, per the Zillow Home Value Index.

Will home prices drop in San Luis Obispo?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for San Luis Obispo shows typical home values rising 1.1% by September 2027, after a 2.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 2 San Luis Obispo ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in San Luis Obispo?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 8 San Luis Obispo ZIP codes in total; the remaining 6 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about San Luis Obispo, CA home prices.

What is a typical home worth in San Luis Obispo?

As of September 2026, the typical home value in San Luis Obispo is $1,081,197, which is up 2.0% over the past year.

How many homes are currently for sale in San Luis Obispo?

There are 94 homes for sale in San Luis Obispo as of September 2026, with 26 new listings during that month.

How long do homes typically stay on the market in San Luis Obispo?

The median days on market is 70 days, and about 35.8% of current listings have already received price cuts.

Are home prices going up or down in San Luis Obispo, CA?

Typical home values in San Luis Obispo, CA are up 2.0% over the past year, based on the Zillow Home Value Index as of September 2026.

Is San Luis Obispo, CA a buyer's or seller's market?

San Luis Obispo, CA leans toward a buyer's market. Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 70 days on market and 36% of listings with a price cut in the typical San Luis Obispo ZIP code, and 26 new listings against 94 active listings across San Luis Obispo, as of September 2026 (Realtor.com).

Nearby markets

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