December 2024 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
Average Price$2,366,500
-11.0%
Pending Properties123
-37.2%
Sale/List Price Ratio103.6%
-1.3%
Days of Inventory22
-26.5%
Trends at a Glance
| Trends At a Glance |
Dec 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$1,844,500 (-16.2%) |
$2,200,000 |
$1,725,000 (+6.9%) |
| Average Price |
$2,366,500 (-11.0%) |
$2,659,980 |
$2,297,600 (+3.0%) |
| No. of Sales |
182 (-27.5%) |
251 |
213 (-14.6%) |
| Pending |
123 (-37.2%) |
196 |
102 (+20.6%) |
| Active |
134 (-48.5%) |
260 |
162 (-17.3%) |
| Sale vs. List Price |
103.6% (-1.3%) |
104.9% |
101.1% (+2.5%) |
| Days on Market |
35 (+55.9%) |
22 |
32 (+8.4%) |
| Days of Inventory |
22 (-26.5%) |
30 |
23 (-3.2%) |
Market Commentary
Sales of single-family, re-sale homes in San Mateo County fell 14.6% in December, year-over-year. There were 182 homes sold in San Mateo County last month. The average since 2000 is 398.
The median sales price for single-family, re-sale homes was $1,844,500. It was up 6.9% compared to last year.
The average sales price rose 3% year-over-year.
The sales price to list price ratio fell from 104.9% to 103.6%.
Inventory of single-family, re-sale homes was down 17.3% compared to last year. As of January 5th, there were 134 homes for sale in San Mateo County. The average since January 2000 is 1,287.
Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, fell from thirty days to twenty-two days.
It took thirty-five days, on average, to sell a home last month. That is the time from when a home is listed to when it goes into contract.
The median sales price for re-sale condos rose 6.9% year-over-year.
Year-over-year, the average sales price rose 7.6%.
Condo sales were up 39% year-over-year. There were 82 condos sold last month. The average since January 2003 is 122.
Inventory was down 7.1% year-over-year.
As of January 5th, there were 92 condos for sale in San Mateo County. The average since January 2003 is 350.
Days of inventory fell from fifty-four to thirty-four.
It took an average of fifty-two days to sell a condo last month.