San Luis Obispo - CA housing market
The San Luis Obispo metro has a typical home value of $906,817, up 1.5% from a year ago. Homes sell in 20 days on average, a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
San Luis Obispo housing market, September 2026
The typical San Luis Obispo home is worth $906,817 as of July 2026, up 0.2% from the prior month, up 0.3% over three months, and up 1.5% from a year ago. Over the past two years values have ranged from $885,236 to $906,817.
Homes are going pending in about 20 days, slower than the 15 days seen three months earlier. There are roughly 943 homes for sale, 0% more than a year ago. 25.6% of listings have taken a price cut (up from 19.8% three months ago).
Typical rent is $2,882 a month, up 1.8% year over year, which puts the price-to-rent ratio at 26.2.
At this week's 6.71% mortgage rate with 20% down ($181,363), the typical San Luis Obispo home costs about $5,820 a month including tax and insurance, which needs a household income of roughly $249,400 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 6.71% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($906,817) is the Zillow Home Value Index for the San Luis Obispo - CA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.5% over the past year. In San Luis Obispo - CA, that means a home worth $893,416 last year is now worth roughly $906,817.
The median sale price, what homes actually close for, is $897,638. Homes are selling at 98.9% of list price, meaning buyers have room to negotiate.
Homes listed in San Luis Obispo - CA sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 293 new listings hit the market each month in San Luis Obispo - CA. There are currently 943 homes for sale, up 0.3% from a year ago.
The typical monthly rent in San Luis Obispo - CA is $2,882, up 1.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 26.2x, renting territory (#9 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $4,686 a month in principal and interest, $1,804 more than renting before taxes, insurance and upkeep. The two break even at a 2.54% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →
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Other metros in CA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Los Angeles - CA | $964,934 | +0.9% | 22.0d |
| San Francisco - CA | $1,136,810 | +1.2% | 17.0d |
| Riverside - CA | $586,798 | -0.2% | 28.0d |
| San Diego - CA | $934,166 | +-0.0% | 20.0d |
| Sacramento - CA | $581,822 | -0.8% | 16.0d |
| San Jose - CA | $1,559,187 | -0.2% | 18.0d |