93442, Morro Bay, CA

The Morro Bay zip code of 93442 has a median home value of $1,026,000 and a median home equity value of $269,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home in this zip code has been on the market for 9 days and has received 5 offers. This indicates that there is strong demand for homes in this area and that buyers are willing to pay a premium for properties in this area.

Given these facts, it is not surprising that the median sale price for homes in the 93442 zip code was $1,050,000 over the past year. Additionally, over the past three years (2015-2017), the median sale price has increased by an average of 18%. This indicates that there is strong demand for housing in Morro Bay and that prices are likely to continue rising in coming years.