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.
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
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
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
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.