Paso Robles Market Report Mar 2026 | Prices Down 27.3%

Executive Summary

The Paso Robles, CA real estate market is currently classified as a buyer's market. The median asking price is $840K, down 27.3% over the past 30 days.

There are currently 185 active listings, representing 9.3 months of inventory. 119 properties have sold in the past 90 days at a median sold price of $745K. Inventory has increased 160.6% compared to last month.

Currently, listings spend an average of 26 days on market and the average price per square foot is $406.

Detached properties make up the largest share of the Paso Robles market at 88% of active listings with an average price of $1.3M. Condo listings follow at 8% (avg $560K).

Sales Activity & Absorption

Volume

Sold (30d)

119

Sold (90d)

Avg DOM

114

New (30d)

Market Signals

Price Cuts (30d)

New (7d)

91%

Sell-Through

94.4%

List-to-Sale

20 properties sold in the past 30 days, 114 new listings appeared in the past month, 63 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's

9.3months

Strong Buyer's Market

Sell-Through Rate90.9%

Inventory Change (30d)+160.6%

Site Active Listings185

With 9.3 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.

Neighborhoods

Area	Listings	Avg Price	Median
PR LAKE NACIMIENTO	26	$533K	$465K
PR CITY LIMITS EAST	17	$794K	$800K
PR CITY LIMITS WEST	16	$973K	$1.1M
PR LINNE	14	$1.1M	$1.1M
PR RURAL WEST	13	$2.9M	$2.0M
PR RURAL EAST	10	$307K	$140K
The Reserve at River Oaks	6	$1.1M	$1.1M

Avg 1 schools nearbyAvg 2 parks nearbyAvg 1 transit stops nearby

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%

Prime Rate4.45%

Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $840K, 20% down, 25yr amortization

$3,909/mo

at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

This is currently a buyer's market with more negotiating power for purchasers. The Paso Robles market currently has 185 active listings with a median price of $840K and 9.3 months of inventory.

High inventory (9.3 months) favors buyers
Prices declining (-27.3% in 30 days)
High price reduction rate (34% of listings)
High sell-through rate (91%)
Average price per square foot is $406
Sold properties averaged -33 days on market

For Buyers

With more inventory and less competition, buyers in Paso Robles have room to negotiate. Take time to compare options and don't rush — but be ready to act on well-priced properties. There were 15 new listings in the past week.

For Sellers

With higher inventory, pricing strategy is critical. Price at or slightly below market value to attract attention. Ensure your listing stands out with quality photos and accurate details. 63 listings have reduced their price in the past 30 days. The current sell-through rate is 91%.

Search Paso Robles

Browse all 185 active listings.

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Resources

Market data is calculated from active and recently sold MLS listings as of March 2, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.