Current Price

$933,347

1 Month Forecast

â–² $949,374

1-Year Forecast *

â–² $1,009,812

5-Year Forecast *

â–² $1,055,312

"Is it a good time to buy homes in Morro Bay?" "Does investing in real estate in Morro Bay (California State, San Luis Obispo County) worth it?" According to our live Forecast System, buying a house in Morro Bay is a acceptable short-term (1-year) investment*. The Morro Bay average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Morro Bay" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Morro Bay in California State, San Luis Obispo County. If you are looking for homes for sale with good flipping profit, Morro Bay can be a profitable property investment option. The median price of an average house in Morro Bay was 933,347 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Morro Bay" area is 1,055,312 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +13.07% meaning that investing 100000 USD today may yield a profit of 13,067 USD by 2031.

Current Median Listing Price: 933,347 USD Median Listing Price Per Square Foot: 519 USD

Morro Bay Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Morro Bay (California State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Morro Bay Price Target

Morro Bay median home price target in 12 months: $1,009,812* (upside of 8.2%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $963,444 $944,063 $944,063 $963,444
2024 $944,766 $933,347 $932,377 $944,766
2023 $908,131 $950,170 $902,383 $950,350
2022 $864,320 $911,411 $864,320 $943,481
2021 $739,460 $850,168 $739,460 $850,168
2020 $687,030 $731,393 $683,944 $731,393
2019 $671,666 $684,255 $668,742 $684,255
2018 $657,195 $671,595 $657,195 $671,595
2017 $609,126 $651,060 $609,126 $651,060
2016 $509,294 $598,800 $509,294 $598,800
2015 $508,383 $508,436 $508,383 $531,378
2014 $467,360 $505,014 $467,360 $505,014
2013 $416,283 $465,674 $416,283 $465,674
2012 $378,533 $412,538 $378,533 $412,538

Questions & Answers about the Morro Bay Housing Market Forecast

How much does an average home cost in Morro Bay today?

The value of an average home (the listing price) in Morro Bay is $933,347 USD.

What is the average price per square foot in Morro Bay?

According to Walletinvestor the median price per square foot in Morro Bay is 519 USD.

Will the median listing price of homes in Morro Bay grow / rise / go up?

Yes. The Morro Bay home prices may rise from 933,347 USD to 1,009,812 USD in one year.

Is it profitable to invest in Morro Bay homes?

Yes. The long-term profit potential is +8.19% in one year.

Will Morro Bay house prices fall / drop?

No. See above.

What is the predicted price of a Morro Bay home in 2030?

The predicted home sales price of a Morro Bay home in 2030 in Morro Bay is 1,020,147 USD.

What is the predicted price of a Morro Bay home in 2035?

The predicted home sales price of a Morro Bay home in 2035 in Morro Bay is 1,102,861 USD.

Will real estate prices decrease in Morro Bay?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Morro Bay is the 5288. largest city in the United States, located in California State.

During the last 12 months the real estate prices in San Luis Obispo, Morro Bay decreased, looking at the past 12 months.

According to Walletinvestor's Morro Bay real estate market research, home values will increase in the next 12 months.

Median home values decreased by 2.247% to 933,347 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 6.233% in 2021
  • 9.803% in 2022
  • 7.753% in 2023
  • 8.973% in 2024
  • 6.673% in 2025
  • 9.283% in 2026

Based on our Morro Bay real estate market research and report the predicted sales prices will increase by 119.774% in the next 10 years.

Over the last 12 months, the value of homes in Morro Bay fluctuated: decreasing 4 times.

Morro Bay (California) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Morro Bay Housing Market Forecast with Real Estate Prices for 2025
August 2025 949374 876273 1022476
September 2025 954716 899342 1010089
October 2025 960087 907283 1012892
November 2025 965489 871837 1059142
December 2025 970921 899073 1042770
Morro Bay Housing Market Forecast with Real Estate Prices for 2026
January 2026 976384 900226 1052542
February 2026 981878 889581 1074174
March 2026 987402 925196 1049608
April 2026 992957 935366 1050549
May 2026 998544 945621 1051467
June 2026 1004162 950942 1057383
July 2026 1009812 954272 1065352
August 2026 1015494 946440 1084547
September 2026 1021207 923171 1119243
October 2026 1026953 974578 1079327
November 2026 1023777 955184 1092370
December 2026 1019805 961676 1077933
Morro Bay Housing Market Forecast with Real Estate Prices for 2027
January 2027 1015848 955913 1075783
February 2027 1011906 956251 1067561
March 2027 1007980 945485 1070475
April 2027 1005882 924406 1087359
May 2027 1002262 903038 1101486
June 2027 998374 914510 1082237
July 2027 996310 928561 1064060
August 2027 997612 913813 1081412
September 2027 1003225 952061 1054390
October 2027 1008870 929169 1088570
November 2027 1014546 926280 1102811
December 2027 1020254 918229 1122280
Morro Bay Housing Market Forecast with Real Estate Prices for 2028
January 2028 1025994 959305 1092684
February 2028 1031767 959543 1103991
March 2028 1036646 937128 1136164
April 2028 1036450 963898 1109001
May 2028 1032428 931250 1133606
June 2028 1028423 958490 1098355
July 2028 1026282 960600 1091964
August 2028 1029882 947492 1112273
September 2028 1031296 948792 1113800
October 2028 1030953 966003 1095904
November 2028 1027736 925990 1129482
December 2028 1027110 969592 1084628
Morro Bay Housing Market Forecast with Real Estate Prices for 2029
January 2029 1024993 972719 1077268
February 2029 1022317 964045 1080589
March 2029 1020981 968911 1073051
April 2029 1022043 966853 1077233
May 2029 1027793 966126 1089461
June 2029 1024120 925805 1122436
July 2029 1020147 940575 1099718
August 2029 1016189 953185 1079192
September 2029 1014130 931986 1096275
October 2029 1011554 916468 1106640
November 2029 1008992 940380 1077603
December 2029 1014669 956833 1072505
Morro Bay Housing Market Forecast with Real Estate Prices for 2030
January 2030 1020378 948951 1091804
February 2030 1026119 964551 1087686
March 2030 1031892 975138 1088646
April 2030 1037698 970247 1105148
May 2030 1043536 940226 1146846
June 2030 1049407 986443 1112372
July 2030 1055312 995159 1115464
August 2030 1061249 983778 1138720
September 2030 1067220 967969 1166472
October 2030 1073225 999172 1147277
November 2030 1079263 989684 1168842
December 2030 1085335 1029983 1140687
Morro Bay Housing Market Forecast with Real Estate Prices for 2031
January 2031 1091442 1035778 1147105
February 2031 1097583 1032825 1162340
March 2031 1094188 1025254 1163122
April 2031 1089943 1016917 1162969
May 2031 1085714 1018400 1153028
June 2031 1081501 991737 1171266
July 2031 1077305 999739 1154871
August 2031 1075063 1021310 1128816
September 2031 1071194 1017634 1124754
October 2031 1067038 999815 1134261
November 2031 1064833 977517 1152149
December 2031 1066224 1000118 1132330
Morro Bay Housing Market Forecast with Real Estate Prices for 2032
January 2032 1072223 989662 1154784
February 2032 1078256 970430 1186081
March 2032 1084323 987818 1180827
April 2032 1090423 1020636 1160210
May 2032 1096558 1017606 1175511
June 2032 1102728 1018921 1186535
July 2032 1107943 1013768 1202118

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.