The San Luis Obispo housing market is very competitive. Homes in San Luis Obispo receive 1 offers on average and sell in around 31 days. The median sale price of a home in San Luis Obispo was $829K last month, down 17.9% since last year. The median sale price per square foot in San Luis Obispo is $601, up 0.5% since last year.
What is the housing market like in San Luis Obispo today?
In June 2025, San Luis Obispo home prices were down 17.9% compared to last year, selling for a median price of $829K. On average, homes in San Luis Obispo sell after 31 days on the market compared to 20 days last year. There were 32 homes sold in June this year, down from 34 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$829,250
-17.9% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
San Luis Obispo, CA
$829,250
-17.9%
United States
To compare other locations to the San Luis Obispo and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in San Luis Obispo add value to a home.
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How hot is the San Luis Obispo housing market?
San Luis Obispo is very competitive. Homes sell in 32.5 days.
0
100
72
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 33 days.
Hot homes
can sell for about 1% above list price and go pending in around 12 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
San Luis Obispo, CA
100.1%
+1.3 pt
United States
San Luis Obispo Migration & Relocation Trends
In Feb '25 - Apr '25, 39% of San Luis Obispo homebuyers searched to move out of San Luis Obispo, while 61% looked to stay within the metropolitan area.
Where are people moving to San Luis Obispo from?
Across the nation, 0.32% of homebuyers searched to move into San Luis Obispo from outside metros.
Los Angeles homebuyers searched to move into San Luis Obispo more than any other metro followed by San Francisco and Santa Barbara.
Where are people from San Luis Obispo moving to?
61% of San Luis Obispo homebuyers searched to stay within the San Luis Obispo metropolitan area.
Portland was the most popular destination among San Luis Obispo homebuyers followed by Hilo and Medford.
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.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on San Luis Obispo housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in San Luis Obispo.
Flood Factor - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
San Luis Obispo has a moderate risk of flooding. 2,077 properties in San Luis Obispo are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in San Luis Obispo. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
San Luis Obispo has a major risk of wildfire. There are 16,063 properties in San Luis Obispo that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in San Luis Obispo.
San Luis Obispo has minimal risk of severe winds over the next 30 years
Wind Factor
San Luis Obispo has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.