San Luis Obispo County Housing Market Update – July 2025

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The San Luis Obispo County real estate market held a steady pace through July, with the median sold price climbing just over 3% year-over-year to land at $870,000.

While active listings dipped slightly from June to 1,143, buyer activity also cooled, with 231 homes going into contract or closing escrow, representing a 6% drop month-over-month.

On average, homes are spending 40 days on the market, though the median days on market is just 19—and about 30% of properties are still selling above list price, particularly those that are well-maintained, move-in ready, and priced right.

Inventory by bedroom count remained consistent overall, with one-bedroom homes seeing a small uptick in availability.

August 2025 Forecast

Looking ahead, we expect the market to maintain this steady pace. With mortgage rates near 6.5%, price sensitivity remains high. Inventory may see a small late-summer boost, and buyers are expected to remain active—but selective.

Homes that show well and are priced realistically should continue to move within 30 to 45 days.

Thinking of Buying or Selling?

This market rewards smart strategy over perfect timing. If you’re curious where your home fits into today’s market—or what’s possible for your next move—start with the latest data and tools at slocounty.pillarrealestate.com.