Morro Bay, CA housing market
The typical Morro Bay home is worth about $934,000, up 1.1% in a year, 22% above the California typical home. Homes typically sell in 38 days, below asking.
Home values, sales, trends and how Morro Bay compares with the towns next door — updated as new data is published.
Morro Bay at a glance
A seller's market
Supply is tight — about 2.3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Morro Bay | California |
|---|---|---|
| 2017 | $617,000 | $453,000 |
| 2018 | $666,000 | $501,000 |
| 2019 | $680,000 | $539,000 |
| 2020 | $696,000 | $551,000 |
| 2021 | $749,000 | $607,000 |
| 2022 | $875,000 | $703,000 |
| 2023 | $920,000 | $727,000 |
| 2024 | $957,000 | $758,000 |
| 2025 | $946,000 | $782,000 |
| 2026 | $926,000 | $767,000 |
| August 2026 | $934,000 | $764,000 |
Morro Bay and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Morro Bay | $934K | +1.1% | 38 | $95,843 |
| Cayucos | $1.32M | +0.9% | — | $87,235 |
9.7 years of income
The typical Morro Bay home costs about 9.7 years of the town's median household income, more than across California (7.7 years).
How Morro Bay ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.