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Morro Bay, CA Homes for Sale under $500,000

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  • 670 Sequoia Ct, Morro Bay, CA 93442
    670 Sequoia Ct, Morro Bay, CA 93442
    670 Sequoia Ct, Morro Bay, CA 93442
    /13

    $499,000

    • Land
    • 20,037 Sq Ft
    • $1,084,783 per Acre

    670 Sequoia Ct, Morro Bay, CA 93442

    Welcome to 670 Sequoia Court. This unique nearly half acre lot is a rare find with incredible views and preliminary plans for a custom-built home that can be designed to your specifications. Soil Engineering Report, Engineering Geology Report, Environmental Report and Topographic Survey already completed. Located on a cul-de-sac street with easy access and space between surrounding lots, the

    Ken Ardouin RE/MAX Success

    670 Sequoia Ct, Morro Bay, CA 93442
  • 500 Atascadero Rd, Morro Bay, CA 93442
    500 Atascadero Rd, Morro Bay, CA 93442
    500 Atascadero Rd, Morro Bay, CA 93442
    /41

    $409,900

    • 3 Beds
    • 2 Baths
    • 1,500 Sq Ft

    500 Atascadero Rd, Morro Bay, CA 93442

    Just half a mile from the sand, this 3 bed coastal home in Morro Bay offers modern, low maintenance living in the sought after 55 plus Silver City Resort East, ideal as a primary residence or a well positioned second home along California’s Central Coast. Built in 2021, this approximately 1,500 square foot double wide features three bedrooms and two full bathrooms, combining contemporary design

    Kathleen Scruton Real Estate eBroker Inc.

    500 Atascadero Rd, Morro Bay, CA 93442
  • 515 Jelecote #28 Dr, Morro Bay, CA 93442
    515 Jelecote #28 Dr, Morro Bay, CA 93442
    515 Jelecote #28 Dr, Morro Bay, CA 93442
    /20

    $445,000

    • 3 Beds
    • 2 Baths
    • 1,400 Sq Ft

    515 Jelecote #28 Dr, Morro Bay, CA 93442

    Custom build your dream coastal home at 515 Jelecote Drive #28 in Morro Bay, where this brand-new 2026 Cavco Fleetwood Coronado will be built to order for the buyer in the desirable 55+ Bay Pines Mobile Home Park, just minutes from the beach. This is a rare chance to not just buy a home—but create one that reflects your style, with the ability to select from Fleetwood’s curated design packages

    Kathleen Scruton Real Estate eBroker Inc.

    515 Jelecote #28 Dr, Morro Bay, CA 93442
  • 3329 Panorama Dr, Morro Bay, CA 93442
    3329 Panorama Dr, Morro Bay, CA 93442
    3329 Panorama Dr, Morro Bay, CA 93442
    /20

    $465,000

    • 2 Beds
    • 2 Baths
    • 1,080 Sq Ft

    3329 Panorama Dr, Morro Bay, CA 93442

    Welcome to your opportunity to own an affordable coastal retreat in the highly desirable North Morro Bay neighborhood! Located on a corner lot just blocks to the Pacific Ocean, this unique condominium offers flexibility, views, and strong income potential—all in one of the Central Coast’s most charming seaside communities. This well-maintained 2-bedroom, 2-bath condominium features a comfortable

    Lindsey Harn Christie's International Real Estate Sereno

    3329 Panorama Dr, Morro Bay, CA 93442
California San Luis Obispo County Morro Bay

Real Estate & Homes in Morro Bay, CA under $500,000

Home Trends in Morro Bay, CA

On average, homes in Morro Bay, CA sell after 64 days on the market compared to the national average of 56 days. The median sale price for homes in Morro Bay, CA over the last 12 months is $950,000, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$950,000
Median Single Family Sale Price
$989,000
Median 2 Bedroom Sale Price
$699,000
Median 1 Bedroom Sale Price
$544,500
Average Price Per Sq Ft
$742
Number of Homes for Sale
21
Last 12 months Home Sales
120
Months of Supply
2.10
Median List Price
$997,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
3%
How to Buy a Home How to Finance a Home How to Sell a Home

In Morro Bay, you'll encounter a variety of homes and houses for sale priced under $500,000, providing affordable options for potential buyers. With 4 listings available, there's a wide selection to explore, from charming bungalows to contemporary townhouses. These properties offer an opportunity to enter the real estate market or diversify your investment portfolio without exceeding your budget. Discover the range of homes for sale under 500k in Morro Bay, CA and find the perfect fit for your homeownership goals.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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