Comprehensive market data and analysis• Updated Dec 2025
30.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 3 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 3 | 4 |
Acreage buckets
The median price for land in Morro Bay, California is currently $2.5M per acre. For a typical parcel, the median sale price is $278K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $232K while premium lots reached $344K.
Morro Bay, California is currently a strong buyer's market with 30.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Morro Bay, California currently has 30.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Morro Bay, California is 3.3%. The 12-month rate is 3.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Morro Bay, California saw 4 properties sold, totaling $1.1M in sales volume. In just the last 3 months, 1 properties changed hands.
The current absorption rate in Morro Bay, California is 3.3% (3-month basis), indicating slow demand. The top-performing broker in this market is Christie's International Real Estate Sereno.
Land in Morro Bay, California averages $3.0M per acre. The median price per acre is $2.5M, which may be more representative of typical transactions. Most parcels sold are around 5,100 sq ft.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
