Sep 2026
$906K
+1.7% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Markets › CA › San Luis Obispo
San Luis Obispo, CA housing market
San Luis Obispo, CA metro median sale price $906K in Sep 2026, up 1.7% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the San Luis Obispo, CA metro is $906K as of Sep 2026, up 1.7% from a year earlier. That change sits near the middle of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro agrees within 1.7 points (up 3.4% through Q2 2026).
On median sale price, San Luis Obispo ($906K) ranks 8th of the 25 California metros Pecan Street tracks, between Salinas ($906K) and Oxnard / Thousand Oaks ($873K). On median days on market, San Luis Obispo (71 days) ranks 3rd of the 25 California metros, between El Centro (71 days) and Chico (67 days). On share of listings with a price cut, San Luis Obispo (37%) ranks 9th of the 25 California metros, between Redding (38%) and Modesto (37%).
Listings spent a median 71 days on market in Sep 2026, more than in most of the 385 metros. 37% of active listings carry a price cut, 1.8 points more than a year earlier. Median asking prices sit about 14% above the median sale price.
At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $4,968 a month; at 28% of gross income, that takes about $213K a year. The median sale price equals about 21 years of HUD Fair Market Rent, a ratio up 0.3% from a year earlier. That ratio is the 23rd-highest of the 373 metros. Active listings ask a median $574 per square foot, down 1.8% from a year earlier.
In 11 of the 12 ZIP codes in the table below, median list prices are lower than a year earlier; one is higher.
Headline
Oct 15, 2026
7.29%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$4,968/mo
$213K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How San Luis Obispo compares to other U.S. metros
| Asking-vs-sale gap | ↑11th of 292 (top 4%) |
|---|---|
| Price-to-rent | ↑23rd of 373 (top 7%) |
| Days on market | ↑77th of 385 (top 20%) |
| Home-price growth | 209th of 383 |
| Price cuts | 192nd of 385 (top 50%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 21 +0.3% YoY ↑23rd of 373 (top 7%) |
|---|---|
| Asking price / sq ft | $574 -1.8% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 37% +1.8 pts YoY 192nd of 385 (top 50%) |
|---|
The median asking price $1.0M runs about 14% above the median sale price $906K.
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. Asking is the median list price of active listings (Realtor.com, this month); sale is the headline median of recent closings (Redfin, a rolling 3-month median) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 19 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 1.7ppRedfin (metro) +1.7% | FHFA HPI · Q2 2026 +3.4% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 93401 | $1.1M↓ | 64↓ | 22↓ | 28↓ | 70↑ | $1.1M↑ |
| 93405 | $1.3M↓ | 30↑ | 4↓ | 18↑ | 69↑ | $1.1M↑ |
| 93420 | $1.3M↓ | 78↑ | 20↑ | 26↓ | 68↓ | $1.0M↑ |
| 93422 | $708K↓ | 46↓ | 22↓ | 20↓ | 82↑ | $788K↑ |
| 93428 | $1.3M↓ | 48↑ | 8 | 12↑ | 92↑ | $1000K↑ |
| 93430 | $1.8M↑ | 28↑ | 0↑ | 6↓ | 60↓ | $1.3M↑ |
| 93433 | $850K↓ | 35↑ | 22↑ | 18↑ | 50↑ | $778K↑ |
| 93442 | $930K↓ | 32↓ | 10↑ | 12↓ | 60↓ | $937K↑ |
| 93444 | $1.2M↓ | 40↓ | 16↓ | 10 | 50↑ | $945K↑ |
| 93446 | $830K↓ | 155↑ | 46↓ | 60↑ | 78↑ | $770K↑ |
| 93449 | $1.3M↓ | 31↓ | 8↓ | 10 | 66↓ | $1.1M↑ |
| 93465 | $1.8M↓ | 31↑ | 6↑ | 10↑ | 85↓ | $979K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.