Is Santa Margarita, CA 93453 a buyer’s or seller’s market?
Santa Margarita is a buyer’s market. With about 7.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Santa Margarita housing market right now
In the three months ending August 31, 2026, 0% of homes in Santa Margarita, CA 93453 sold above their list price, the typical home went under contract in 148 days and there were 7.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (42 days then) and the median sale price rose 79% to $1,261,954. Overall, Santa Margarita is less competitive than a year ago, which gives buyers more room.
Within San Luis Obispo County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Cambria 93428 (33% sold over asking) and Creston 93432 (33% sold over asking) are even more competitive.
Run the numbers for 93453
Nearby markets
Arroyo Grande 93420Seller’s market $572 /sq ftAtascadero 93422Seller’s market $438 /sq ftAvila Beach 93424Buyer’s market $1,294 /sq ftCambria 93428Balanced $691 /sq ft Browse all markets →Towns like Santa Margarita nearby
Find towns like Santa Margarita in other states →Where Santa Margarita is
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Questions about Santa Margarita real estate
Is Santa Margarita a buyer’s or seller’s market?
A buyer’s market: there were 7.2 months of supply in Santa Margarita, CA 93453 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Santa Margarita?
The typical home went under contract in 148 days in the latest three months.
Do homes in Santa Margarita sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.8% of the list price.
What are property taxes in Santa Margarita?
About 1.15% of a home’s value a year in San Luis Obispo County, or roughly $4,600 on a $400,000 home.
What is the median home price in Santa Margarita?
The median sale price was $1,261,954 in the three months ending August 31, 2026, about $721 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology