All Home Types
Morro Bay, CA Housing Market
What is the housing market like in Morro Bay today?
In February 2025, Morro Bay home prices were down 20.0% compared to last year, selling for a median price of $860K. On average, homes in Morro Bay sell after 71 days on the market compared to 118 days last year. There were 12 homes sold in February this year, up from 5 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$860,000
-20.0% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Morro Bay, CA
$860,000
-20.0%
United States
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Morro Bay Migration & Relocation Trends
In Dec '24 - Feb '25, 39% of Morro Bay homebuyers searched to move out of Morro Bay, while 61% looked to stay within the metropolitan area.
- Across the nation, 0.34% of homebuyers searched to move into Morro Bay from outside metros.
- Los Angeles homebuyers searched to move into Morro Bay more than any other metro followed by San Francisco and Santa Barbara.
Where are people moving to Morro Bay from?
- 61% of Morro Bay homebuyers searched to stay within the Morro Bay metropolitan area.
- Hilo was the most popular destination among Morro Bay homebuyers followed by Portland and Boise.
Where are people from Morro Bay moving to?
Number of People Moving to Morro Bay
least
most
People are moving to Morro Bay from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 1,442 | ||
| 2 | 911 | ||
| 3 | 135 | ||
| 4 | 118 | ||
| 5 | 76 | ||
| 6 | 67 | ||
| 7 | 53 | ||
| 8 | 41 | ||
| 9 | 35 | ||
| 10 | 24 | ||
People are leaving Morro Bay for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 25 | ||
| 2 | 15 | ||
| 3 | 12 | ||
| 4 | 11 | ||
| 5 | 10 | ||
| 6 | 7 | ||
| 7 | 7 | ||
| 8 | 6 | ||
| 9 | 5 | ||
| 10 | 5 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Morro Bay.
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