Why Live in Morro Bay
Morro Bay, a seaside fishing village on California’s Central Coast, is renowned for its stunning coastal landscape and the iconic Morro Rock, part of the volcanic Nine Sisters chain. Located about 15 miles from San Luis Obispo, this tight-knit community of roughly 11,000 residents includes retirees, families, and remote workers. The area offers numerous attractions, including Morro Rock Beach and Morro Strand State Beach, which span 6 miles and are perfect for swimming, surfing, and whale watching. Morro Bay State Park, covering 2,700 acres, features wetlands, hiking trails, a marina, and a golf course, along with the Morro Bay Museum of Natural History. The Embarcadero, the city’s waterfront district, is lined with boutiques and seafood restaurants, providing fresh fish and oysters daily. Housing options range from mid-20th-century beach bungalows and coastal cottages near the Embarcadero to newer custom homes inland, many with views of the water and Morro Rock. The San Luis Coastal Unified School District serves the area and is highly rated. Morro Bay has lower property and violent crime rates compared to the national average, contributing to its appeal. Public transportation is available through the San Luis Obispo Regional Transit Authority, and the nearby San Luis Obispo County Airport offers direct flights to several U.S. cities.
Home Trends in Morro Bay, CA
On average, homes in Morro Bay, CA sell after 52 days on the market compared to the national average of 50 days. The median sale price for homes in Morro Bay, CA over the last 12 months is $920,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$920,000
Median Single Family Sale Price
$997,000
Median Townhouse Sale Price
$800,000
Median 2 Bedroom Sale Price
$800,000
Median 1 Bedroom Sale Price
$648,000
Average Price Per Sq Ft
$726
Number of Homes for Sale
45
Last 12 months Home Sales
229
Median List Price
$990,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-1%