March 2024 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
Average Price$2,585,240
+12.1%
Pending Properties269
+44.6%
Sale/List Price Ratio106.3%
+0.6%
Trends at a Glance
| Trends At a Glance |
Mar 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$2,156,000 (+14.4%) |
$1,884,440 |
$1,839,500 (+17.2%) |
| Average Price |
$2,585,240 (+12.1%) |
$2,305,240 |
$2,280,490 (+13.4%) |
| No. of Sales |
209 (+22.9%) |
170 |
207 (+1.0%) |
| Pending |
269 (+44.6%) |
186 |
162 (+66.0%) |
| Active |
249 (+7.8%) |
231 |
288 (-13.5%) |
| Sale vs. List Price |
106.3% (+0.6%) |
105.7% |
102.4% (+3.8%) |
| Days on Market |
18 (-23.5%) |
23 |
27 (-35.2%) |
| Days of Inventory |
36 (-6.1%) |
38 |
42 (-14.4%) |
Market Commentary
Sales of single-family, re-sale homes in San Mateo County fell 1.4% in March, year-over-year. There were 209 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 up 16.9% compared to last year.
The average sales price rose 9.3% year-over-year.
The sales price to list price ratio rose from 105.7% to 106.3%.
Inventory of single-family, re-sale homes was down 17.8% compared to last year. As of April 5th, there were 249 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-eight to thirty-six days.
It took eighteen 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 1% year-over-year.
Year-over-year, the average sales price fell 3.5%.
Condo sales were down 5.1% year-over-year. There were 75 condos sold last month. The average since January 2003 is 122.
Inventory was up 27.6% year-over-year.
As of April 5th, there were 148 condos for sale in San Mateo County. The average since January 2003 is 350.
Days of inventory rose from fifty-four to fifty-nine.
It took an average of forty-six days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.