By Richard Gonzalez, CA DRE 01429838 · The Gonzalez Group at Compass ·
This is our November 2026 report on the San Luis Obispo housing market. As of November 1, 2026, the most recent figures published by Redfin and the California Association of REALTORS® (C.A.R.) cover sales through September 2026, so that is the data used here. We will update this series each month as new figures are released.
| Measure | Latest | A year earlier / change |
|---|---|---|
| Median sale price, 3 months ending Sept 2026 (Redfin, city) | $1,017,515 | −0.99% year over year |
| Homes sold in September 2026 (Redfin) | 115 | 124 a year earlier (−7.4%) |
| Median days on market (Redfin) | 38 | 48 a year earlier |
| Average sale-to-list price (Redfin) | 99.1% | +0.1 points |
| Homes sold above list price (Redfin) | 29.2% | −0.62 points |
| Homes with price drops (Redfin) | 38.0% | +9.7 points |
| Median sale price per square foot (Redfin) | $644 | −6.4% year over year |
| Redfin Compete Score | 76 of 100, "very competitive" | — |
| San Luis Obispo County median, existing single-family homes, Sept 2026 (C.A.R.) | $950,000 | $912,500 a year earlier (+4.1%); $955,000 in August (−0.5%) |
| San Luis Obispo County single-family sales (C.A.R.) | — | −3.0% year over year; +12.6% vs. August |
Sources: Redfin, San Luis Obispo, CA housing market (all home types; "Based on Redfin calculations of home data from MLS and/or public records"; latest published data as of November 1, 2026 covers September 2026; viewed November 1, 2026). California Association of REALTORS®, county sales activity (median sold price of existing single-family homes, September 2026; viewed November 1, 2026). Figures are the sources' own estimates and may be revised.
Prices are flat in the city, firmer countywide. Redfin's three-month median for the City of San Luis Obispo was essentially unchanged from a year earlier, down less than 1%. C.A.R.'s countywide single-family median was up 4.1% year over year. The two figures measure different things: Redfin's covers all home types inside the city, while C.A.R.'s covers single-family homes across the whole county, so they should not be compared directly. Read together, they point to a steady market rather than a falling one.
Homes are selling faster than last year. The median San Luis Obispo home sold in 38 days, ten days quicker than a year earlier. Redfin's own summary says the average home sells for about 1% below list price and goes pending in around 38 days, while its "hot homes" sell for about 1% above list and go pending in around 20 days.
More sellers are cutting prices. 38.0% of listings had a price drop, up 9.7 points from a year earlier. That is the clearest sign in the data that buyers are pushing back on homes priced above recent sales, even while well-priced homes still sell near asking, with an average sale-to-list ratio of 99.1%.
Fewer sales. Redfin counted 115 San Luis Obispo sales in September 2026, down from 124 a year earlier, and C.A.R. reported countywide single-family sales down 3.0% from a year earlier, though up from August.
Price per square foot fell more than the median. The median price per square foot dropped 6.4% while the median price barely moved. That usually reflects the mix of homes that sold, such as more larger homes, rather than every home losing value, and it is one reason citywide averages should be used for direction, not for pricing a specific property.
Citywide numbers show direction, not your home's value. Start with our San Luis Obispo home value page or request a free pricing analysis based on recent sales near you. Learn more about the area on our San Luis Obispo real estate page.
Are home prices dropping in San Luis Obispo? Not much. Redfin's three-month median sale price through September 2026 was $1,017,515, down 0.99% from a year earlier, and C.A.R.'s San Luis Obispo County single-family median was up 4.1% year over year. Price cuts on individual listings did rise.
How long does it take to sell a home in San Luis Obispo? The median was 38 days on market in Redfin's September 2026 data, down from 48 days a year earlier, plus escrow.
Why is this November report using September data? As of November 1, 2026, September 2026 is the most recent month Redfin and C.A.R. have published. We update the report as new data is released.
Where do these numbers come from? Redfin's San Luis Obispo housing market page and the California Association of REALTORS® county sales activity data, both viewed November 1, 2026.
Team sales figures: Gonzalez Group team sales, CRMLS, 2004–present. Market figures are third-party estimates as cited and may be revised by the source. General information only, not legal or tax advice. Richard Gonzalez, REALTOR®, CA DRE 01429838 · Compass, CA DRE 01991628 · Equal Housing Opportunity.
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