Real Estate Report presented by Andrew La Mont

October 2022 Report

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


Median Price
$1,865,000
+2.2%
Average Price
$2,424,970
+3.0%
No. Sold
250
-15.8%
Pending Properties
435
-6.5%
Active
515
+6.0%
Sale/List Price Ratio
100.4%
-0.3%
Days on Market
25
-15.0%
Days of Inventory
62
+30.2%

Market Barometer

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Market Commentary

Home Sales Continue Falling, Prices Down

Sales of single-family, re-sale homes in San Mateo County fell for the fourteenth month in a row, year-over-year. They were down 34.2% in October. There were 250 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 down 10.4% compared to last year. 

The average sales price fell 5.2% year-over-year.

The sales price to list price ratio fell from 100.7% to 100.4%.

Inventory of single-family, re-sale homes was up 67.2% compared to last year. As of November 5th, there were 515 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, rose from forty-seven to sixty-two days.

It took twenty-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 2.6% year-over-year.

Year-over-year, the average sales price rose 0.5%.

Condo sales were down 38.7% year-over-year. There were 84 condos sold last month. The average since January 2003 is 122.

Inventory was up 3.1% year-over-year.

As of November 5th, there were 167 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory fell from seventy-four to sixty.

It took an average of thirty-two 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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