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Market Intelligence · CA / San Luis Obispo

San Luis Obispo, CA 93405 Housing Market

The typical home value in San Luis Obispo, CA 93405 is $1,080,749, up 2.8% over the past year as of September 2026. The median list price is $1,325,000, and homes are spending a median of 69 days on market.

Updated September 2026Median value$1081K

The median home value in San Luis Obispo, CA 93405 is $1.08M as of September 2026, up 2.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 93405 range

$994K to $1.17M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.8% over 12 months

Typical home value in 93405 over the last 12 months: $1.05M in Sep 2025 to $1.08M in Sep 2026 (+2.8%).

Sep 2025$1.05M

Sep 2026$1.08M

The numbers

What is the 93405 housing market like?

Typical home value

$1.08M

Up2.8%YoY

Median list price

$1.32M

Up3.9%MoM

Days on market

69

Down4.2%MoM

Homes for sale

30

Up3.4%MoM

Price cuts

45.4%

Up45.4%MoM

New listings

4

Down66.7%MoM

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

The outlook

93405 housing market forecast 2027

+1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 93405 to rise 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 93405 rose 2.8%, per the Zillow Home Value Index.

Will home prices drop in 93405?

Zillow's forecast does not call for a drop: it expects typical home values in 93405 to rise 1.2% by September 2027, after a 2.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 93405 home prices compare?

  • 93405$1,080,749
  • San Luis Obispo$1,081,197
  • California$692,765
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (San Luis Obispo: 2 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 30 homes for sale in 93405, with 4 new listings added. The median days on market is 69, which points to a slower pace than a hot market. Meanwhile, 45.4% of listings have taken a price cut, even as the typical home value of $1,080,749 sits up 2.8% over the past year. For a seller, the honest takeaway is that buyers are negotiating harder than asking prices suggest, so pricing realistically from the start matters.

Monthly payment

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20% · $216,150

Common questions

What people ask us.

How much is a home in 93405 worth?

The typical home value in 93405 is $1,080,749, up 2.8% over the past year as of September 2026.

How long does it take to sell a home in 93405?

Homes in 93405 are spending a median of 69 days on market as of September 2026.

Are sellers in 93405 cutting their asking prices?

Yes. As of September 2026, 45.4% of listings in 93405 have had a price cut, with a median list price of $1,325,000.

Discover

Nearby ZIP markets.

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Guides for sellers.