Is Cayucos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cayucos was a Neutral Market.
Key Takeaway
Cayucos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cayucos, CA
How much do homes in Cayucos, CA cost?
Median Sold Price
$1,450,000
$932/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cayucos have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Cayucos was $1,450,000 in May 2024, up 11.5% from last year, and the median price per square foot was $932.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $1.2M | +68.7% |
| 2 Bedrooms | $1.0M | $1.1M | +13.0% |
| 3 Bedrooms | $1.4M | $1.4M | -0.1% |
| 4 Bedrooms | $1.8M | $2.0M | +14.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cayucos housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.7%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cayucos | $1.3M | $1.4M | +11.5% |
| Morro Bay | $900K | $927K | +3.0% |
| North Coast | $949.7K | $926.2K | -2.5% |
| Cambria | $1.0M | $920K | -14.8% |
Housing Supply in Cayucos, CA
How many homes are available in Cayucos, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The Cayucos real estate market had 28 homes for sale in May 2024, a 9.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cayucos 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 increased by 14.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cayucos, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cayucos in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Cayucos, CA
How long does it take to sell a home in Cayucos, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 83 Days | +147.8% |
Summary: Homes in Cayucos had an average of 83 days on market in May 2024, up by 147.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cayucos are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Cayucos; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.