March 2025 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
Average Price$2,795,980
+6.0%
Pending Properties235
+33.5%
Sale/List Price Ratio108.1%
+1.1%
Trends at a Glance
| Trends At a Glance |
Mar 2025 |
Previous Month |
Year-over-Year |
| Median Price |
$2,215,000 (+2.0%) |
$2,171,690 |
$2,156,000 (+2.7%) |
| Average Price |
$2,795,980 (+6.0%) |
$2,638,650 |
$2,585,240 (+8.2%) |
| No. of Sales |
218 (+36.3%) |
160 |
209 (+4.3%) |
| Pending |
235 (+33.5%) |
176 |
269 (-12.6%) |
| Active |
343 (+22.9%) |
279 |
249 (+37.8%) |
| Sale vs. List Price |
108.1% (+1.1%) |
106.9% |
106.3% (+1.7%) |
| Days on Market |
18 (-19.6%) |
22 |
18 (-0.5%) |
| Days of Inventory |
47 (+0.3%) |
47 |
36 (+32.1%) |
Market Commentary
Home Prices & Sales Up in MarchSales of single-family, re-sale homes in San Mateo County rose 4.3% in March, year-over-year. There were 218 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 $2,215,000. It was up 2.7% compared to last year.
The average sales price rose 8.2% year-over-year.
The sales price to list price ratio rose from 106.9% to 108.1%.
Inventory of single-family, re-sale homes was up 37.8% compared to last year. As of April 5th, there were 343 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, stayed at forty-seven 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 fell 4.1% year-over-year.
Year-over-year, the average sales price fell 0.4%.
Condo sales were up 21.3% year-over-year. There were 91 condos sold last month. The average since January 2003 is 122.
Inventory was up 48.6% year-over-year.
As of April 5th, there were 220 condos for sale in San Mateo County. The average since January 2003 is 350.
Days of inventory fell from one hundred & three to seventy-three.
It took an average of thirty-three days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.