12 homes in Santa Margarita
Homes for Sale in Santa Margarita, OH
About Santa Margarita, OH Real Estate
Santa Margarita is a small community near San Luis Obispo. Features Santa Margarita Lake recreation and rural atmosphere.
Today, Santa Margarita has 12 homes for sale at a median price of $499,000, typically selling in about 107 days. Families here choose from 1 schools rated 8 or higher on the Topfind School Score.
Top Rated Schools in Santa Margarita
Powered by the Topfind School Score
- 8Santa Margarita Elementaryelementary
- 7Carrisa Plains Elementaryelementary
Why Live in Santa Margarita?
- Lake recreation
- Rural atmosphere
- Near SLO
- Small community
Santa Margarita Market Pulse
Median Home Price
$2.10M
Sales Velocity
How fast homes are selling
Homes are sitting on the market—buyers often have strong leverage to negotiate price, terms, and repairs. Sales have slowed 4550% compared to 6 months ago.
Inventory Distribution
Homes are selling at a healthy pace—more listings move within 30 days than sit longer on the market.
Most homes are selling within a month, but a meaningful share is starting to linger longer.
Housing Tenure in Santa Margarita
Renting is more common here than statewide—this market has more rental inventory and transient residents.
35%
Homeowners
65%
Renters
Homeownership is 20.5% lower than the California average (55.5%)
435 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $500K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 6 → 7 bedrooms (+$845K)
Price Reductions
6 listings have reduced their price
50% of active listings
Average reduction: 12.2% (~$61K)
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