Is San Luis Obispo, CA 93401 a buyer’s or seller’s market?

The San Luis Obispo housing market right now

In the three months ending August 31, 2026, 27% of homes in San Luis Obispo, CA 93401 sold above their list price, the typical home went under contract in 40 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 101 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (28% then), homes sold faster (44 days then) and the median sale price held steady to $1,023,557. Overall, San Luis Obispo is about as competitive as it was a year ago.

Within San Luis Obispo County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, San Luis Obispo ranks #661 of 1,069 CA ZIP codes with enough sales (score 58 out of 100).

Nearby, buyers who want less competition could look at Santa Margarita 93453 (0% sold over asking) or San Simeon 93452 (0% sold over asking), while Cambria 93428 (33% sold over asking) and Creston 93432 (33% sold over asking) are even more competitive.