Is Arroyo Grande, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Arroyo Grande has remained a Seller's Market.
Key Takeaway
Arroyo Grande is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arroyo Grande, CA
How much do homes in Arroyo Grande, CA cost?
Median Sold Price
$1,050,000
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arroyo Grande have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in Arroyo Grande was $1,050,000 in May 2024, up 19.3% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $555K | $384K | -30.8% |
| 2 Bedrooms | $550K | $592.5K | +7.7% |
| 3 Bedrooms | $889K | $1.0M | +15.3% |
| 4 Bedrooms | $1.2M | $1.3M | +9.9% |
| 5+ Bedrooms | $1.4M | $1.6M | +13.0% |
Summary: Arroyo Grande housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Arroyo Grande | $880K | $1.0M | +19.3% |
| Grover Beach | $725K | $799.5K | +10.3% |
| Pismo Beach | $1.2M | $1.2M | +2.8% |
| Oceano | $647.5K | $600K | -7.3% |
Housing Supply in Arroyo Grande, CA
How many homes are available in Arroyo Grande, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 74 | -1.3% |
Summary: The Arroyo Grande real estate market had 74 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Arroyo Grande housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arroyo Grande, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Arroyo Grande in May 2024, down by 22.2% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Arroyo Grande, CA
How long does it take to sell a home in Arroyo Grande, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 15 Days | -13.9% |
Summary: Homes in Arroyo Grande had an average of 15 days on market in May 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arroyo Grande are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Arroyo Grande; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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