November 2024 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
Average Price$2,659,980
-12.7%
Pending Properties196
-21.6%
Sale/List Price Ratio104.9%
-0.5%
Days of Inventory30
-19.8%
Trends at a Glance
| Trends At a Glance |
Nov 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$2,200,000 (+10.0%) |
$2,000,000 |
$1,812,500 (+21.4%) |
| Average Price |
$2,659,980 (-12.7%) |
$3,048,110 |
$2,331,250 (+14.1%) |
| No. of Sales |
251 (-13.4%) |
290 |
238 (+5.5%) |
| Pending |
196 (-21.6%) |
250 |
210 (-6.7%) |
| Active |
260 (-28.2%) |
362 |
321 (-19.0%) |
| Sale vs. List Price |
104.9% (-0.5%) |
105.5% |
102.6% (+2.3%) |
| Days on Market |
22 (-21.5%) |
29 |
25 (-10.4%) |
| Days of Inventory |
30 (-19.8%) |
37 |
39 (-23.2%) |
Market Commentary
Sales of single-family, re-sale homes in San Mateo County rose 5.5% in November, year-over-year. There were 251 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 $2,200,000. It was up 21.4% compared to last year.
The average sales price rose 14.1% year-over-year.
The sales price to list price ratio fell from 105.5% to 104.9%.
Inventory of single-family, re-sale homes was down 19% compared to last year. As of December 5th, there were 260 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-seven days to thirty days.
It took twenty-two 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 fell 0.5% year-over-year.
Year-over-year, the average sales price fell 8.6%.
Condo sales were up 37.5% year-over-year. There were 77 condos sold last month. The average since January 2003 is 122.
Inventory was down 2.7% year-over-year.
As of December 5th, there were 143 condos for sale in San Mateo County. The average since January 2003 is 350.
Days of inventory fell from sixty-four to fifty-four.
It took an average of forty-nine days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.