Categories for Real Estate Market Update

San Mateo County Real Estate Market Update – October 2022

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In San Mateo County, the median sold price for single-family homes in September decreased month-over-month to $1.7 million. The number of homes sold decreased to 359, and the number of new listings decreased to 471. The number of condo and townhouse sales decreased to $910 thousand with 92 units sold and 158 new listings. Buyers are also still being aggressive with their offer prices, with...

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San Mateo County Real Estate Market Update – September 2022

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In San Mateo, the median sold price for single-family homes in August 2022 was similar to last year at $1.8 million. The number of homes sold decreased to 339 and the number of new listings also decreased to 406. The number of condo & townhomes sales decreased month-over-month to $899 thousand with 128 units sold and 144 new listings. Buyers are also still being aggressive...

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San Mateo County Real Estate Market Update – August 2022

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In San Mateo, the median sold price for single-family homes in July slightly decreased month-over-month to $1.8 million. The number of homes sold decreased to 330 and the number of new listings also decreased to 443. The number of condo & townhouses sales decreased month-over-month at $897,500 with 110 units sold and 149 new listings. Buyers are also still being aggressive with their offer prices,...

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San Mateo County Real Estate Market Update- July 2022

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San Mateo’s median sold price for single-family homes slightly decreased month-to-month to $2.15 million. The number of homes sold decreased to 322 while the number of new listings was 889. The number of condo & townhouses sales decreased marginally to $1 million with 335 new listings and 109 homes sold. Buyers are also still being aggressive with their offer prices, with the median offer price...

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San Mateo County Real Estate Market Update- June 2022

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San Mateo’s median sold price for single-family homes slightly decreased month-to-month to $2.24 million. The number of homes sold was 391 while the number of new listings was 775. The number of condo & townhouses sales decreased marginally to $1.075 million with 302 new listings and 127 homes sold. Buyers are also still being aggressive with their offer prices, with the median offer price continuing...

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San Mateo County Real Estate Market Update- May 2022

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San Mateo’s median sold price for single-family homes increased month-to-month to $2.4 million, continuing to create an all-time high. The number of homes sold was 377 while the number of new listings was 757. The number of condo & townhouses sales increased this month to $1.1 million with 268 new listings and 132 homes sold. Buyers are also still being aggressive with their offer prices,...

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San Mateo County Real Estate Market Update – April 2021

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Sales data from March reflects a small shift in the price trends we’ve seen recently. For single-family homes, prices have continued the rise that started in November 2019. Price acceleration hit its peak in October 2020 at a whopping 18% year-over-year and is now sitting at 10%, which is still objectively high. Interestingly, condo and townhome prices have been mixed over the same period. Though...

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San Mateo County Real Estate Market Update – January 2021

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The San Mateo County real estate market ended the year with sale prices for single-family homes (SFR) up, and condos/townhouses down, +9.2% and -2.9% respectively. This isn’t unexpected. When real estate markets shift or face uncertainty, condos and townhouses will lose their value faster, and recover slower, than single-family homes. Demand is still very strong, with SFR inventory down 20% from last year’s already low...

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San Mateo County Real Estate Market Update – July 2020

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The San Mateo County June sales data shows the tale of two markets. The market for single-family homes is heating up. The cooling effect we saw during the peak of shelter-in-place is waning. Prices are rising again, albeit at a slower rate than earlier this year. Inventory is decreasing which makes it a more competitive market for buyers. Agents are reporting multiple offers and properties...

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