Morro Bay, CA

Real estate in Morro Bay, California is a hot commodity. The town is located on the Central Coast of California and has a population of just over 10,000 people. The city is known for its picturesque harbor and stunning coastline. There are plenty of homes for sale in Morro Bay, but buyers should be prepared to pay top dollar for properties in the area.

The median home price in Morro Bay was $1,049,500 as of September 2017. This is significantly higher than the statewide median home price of $478,500 and much higher than the national median home price of $217,000. The average list price for homes sold in Morro Bay during that same period was $1,365,500. This means that homes in Morro Bay are typically selling for more than twice the national average and almost three times the statewide average!

One reason why homes in Morro Bay are so expensive is that there are relatively few available for purchase. As of September 2017 there were only 97 active listings compared to 1,827 active listings statewide and 4,854 active listings nationwide. This means that there is a high demand for properties in Morro Bay and buyers who want to purchase a home will need to be prepared to pay top dollar!