Real Estate Report presented by Andrew La Mont

September 2021 Report

Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >


Median Price
$1,950,000
+1.6%
Average Price
$2,514,330
+11.2%
No. Sold
396
+4.8%
Pending Properties
509
+0.6%
Active
347
+5.8%
Sale/List Price Ratio
108.3%
-1.1%
Days on Market
19
+36.0%
Days of Inventory
25
-2.4%

Market Barometer

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Market Commentary

Home Sales Dip in September

After being higher, year-over-year, fourteen months in a row, sales of single-family, re-sale homes in San Mateo County fell 5.0% in September. There were 396 homes sold in San Mateo County last month. The average since 2000 is 398. 

Sales prices for single-family, re-sale homes rose in September. The median sales price gained 1.6% from August. It was up 11.4% compared to last year. That’s the sixteenth month in a row the median sales price has been higher than the year before.

The average sales price for single-family, re-sale homes rose 11.2% from August. It was up 14.3% year-over-year.

The sales price to list price ratio fell to 108.3% from 109.5%.

Inventory of single-family, re-sale homes was down 38% compared to last year. As of October 5th, there were 347 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 to twenty-five days.

It took nineteen 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 4% year-over-year. 

Year-over-year, the average sales price rose 5%.

Condo sales were down 2.3% year-over-year. There were 125 condos sold last month. The average since January 2003 is 122.

Inventory was down 41.1% year-over-year.

As of October 5th, there were 162 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory rose to thirty-eight from twenty-nine.

It took an average of twenty-three days to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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