February 2025 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
Average Price$2,638,650
+11.2%
Pending Properties176
+31.3%
Sale/List Price Ratio106.9%
+2.9%
Days of Inventory47
-11.6%
Trends at a Glance
| Trends At a Glance |
Feb 2025 |
Previous Month |
Year-over-Year |
| Median Price |
$2,171,690 (+17.4%) |
$1,850,000 |
$1,884,440 (+15.2%) |
| Average Price |
$2,638,650 (+11.2%) |
$2,372,330 |
$2,305,240 (+14.5%) |
| No. of Sales |
160 (+33.3%) |
120 |
170 (-5.9%) |
| Pending |
176 (+31.3%) |
134 |
186 (-5.4%) |
| Active |
279 (+31.0%) |
213 |
231 (+20.8%) |
| Sale vs. List Price |
106.9% (+2.9%) |
103.9% |
105.7% (+1.2%) |
| Days on Market |
22 (-38.8%) |
36 |
23 (-5.4%) |
| Days of Inventory |
47 (-11.6%) |
53 |
38 (+23.7%) |
Market Commentary
Sales of single-family, re-sale homes in San Mateo County fell 5.9% in February, year-over-year. There were 160 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 $2,171,690. It was up 15.2% compared to last year.
The average sales price rose 14.5% year-over-year.
The sales price to list price ratio rose from 103.9% to 106.9%.
Inventory of single-family, re-sale homes was up 20.8% compared to last year. As of March 5th, there were 279 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 fifty-three days to forty-seven 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 rose 15.9% year-over-year.
Year-over-year, the average sales price fell 5.4%.
Condo sales were down 21.5% year-over-year. There were 51 condos sold last month. The average since January 2003 is 122.
Inventory was up 55.2% year-over-year.
As of March 5th, there were 194 condos for sale in San Mateo County. The average since January 2003 is 350.
Days of inventory fell from one hundred & seventeen to one hundred & three.
It took an average of thirty-seven days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.