Margaret Hoogerbeets - October 2024 Market Report | Peninsula Estates
Peninsula Estates
San Francisco County
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San Mateo County
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Belmont
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Foster City
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Half Moon Bay
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Hillsborough
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San Bruno
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San Carlos
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San Mateo
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South San Francisco
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What’syourhome reallyworthin today’smarket?
That's the question you should be asking yourself.
Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.
So, do you know what your home is worth in today's market?
Icanhelp...
Contact me for a confidential, no obligation assessment of your home's value.
ThisIstheSweetSpotHomebuyers HaveBeenWaitingFor
After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers— and it’s one that may not last long.
So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.
As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?
Smart Strategies for a Mortgage Application
Avoid paying off debts or collections without professional advice.
Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2
Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.
HomeRenovationsThatCanMakea BIG IMPACT AccordingtoExperts
Adding an Accessory Dwelling Unit (ADU) boosts your property value and adds living space. Choose the right partner to ensure your project is smooth and successful.
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Building an ADU needs more than construction skills; it requires knowledge of local rules and design. Trust Acton ADU's expertise to avoid mistakes and ensure a seamless process.
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Check that your contractor knows ADU design and local rules to avoid errors. Choose someone with a strong track record in ADU projects.
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Acton ADU has been successfully helping homeowners achieve their property goals for over 35 years. Making the wrong choice in the ADU market can lead to serious financial setbacks. ADUs aren't always ways, but Acton ADU can make it feel that way.
START YOUR ADU PROJECT RIGHT
VENDOR DIRECTORY
When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.
amily Homes ntory
148 Sold Listings
$1.5M Median Sale Price
4% s List
25 Avg Days on Market
MLS Listings Inc, includes all single-family homes, condos and California Area from September 2023 to September 2024. This may data, and may vary from the time the data was gathered. All data is guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula San Mateo 2024. Each office is independently owned and
Condo & To 463 New Listings
6.4 Months of Inventory $ M 102.5%
Median Sale vs List Av
SEPTEMBER 2023 - SEPTEMBER 2024
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 58m last September 2023, to $1 59m as of September 2024
Condos & Townhomes
The median sale price has increased from $1m last September 2023, to $1 1m as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 28 days last September 2023, to 25 days as of September 2024
Condos & Townhomes
The average time spent on the market remained the same from 52 days in September 2023, to 52 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 107 3% last September 2023, to 112 4% a year later
Condos & Townhomes
The overbid percentage has increased from 99% last September 2023, to 102.5% a year later.
SanMateo County
What's in the San Mateo County data?
There were 570 single-family homes for sale, providing 1.7 months of inventory. There were 491 new listings, and 328 homes sold at a median price of $1.9m. The median overbid percentage was at 105 5%, with an average of 24 days on the market.
There were 297 condo and townhome units for sale, providing 2.8 months of inventory. There were 164 new listings and 108 units sold at a median sale price of $894k. The median overbid percentage was at 100.6%, with an average of 41 days on the market
SFH
Single-Family Homes
491 New Listings
328 Sold Listings
1.7 Months of Inventory
$1.9M Median Sale Price
105.5%
Median Sale vs List
24 Avg Days on Market
The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2023 to September 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.
164
New Listings
108
Sold Listings
2.8
Months of Inventory
100.6%
Median Sale vs List
$894K
Median Sale Price
41
Avg Days on Market
SanMateoCounty
SEPTEMBER 2023 - SEPTEMBER 2024
LISTINGS FOR SALE SOLD LISTINGS
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 8m last September 2023, to $1 9m as of September 2024
Condos & Townhomes
The median sale price has increased from $890k last September 2023, to $894k as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market remained the same from 24 days last September 2023, to 24 days as of September 2024
Condos & Townhomes
The average time spent on the market went up from 33 days in September 2023, to 41 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 103 3% last September 2023, to 105 5% a year later
Condos & Townhomes
The overbid percentage has remained the same from 100.6% last September 2023, to 100.6% a year later.
Belmont
What's in the Belmont data?
There were 18 single-family homes for sale, providing 0.8 months of inventory. There were 19 new listings, and 24 homes sold at a median price of $2.4m. The median overbid percentage was at 107.3%, with an average of 18 days on the market.
There were 4 condo and townhome units for sale, providing 1.3 months of inventory. There were 2 new listings and 3 units sold at a median sale price of $500k. The median overbid percentage was at 99.3%, with an average of 24 days on the market.
SFH
Single-Family Homes
19 New Listings
24 Sold Listings
0.8 Months of Inventory
$2.4M Median Sale Price
107.3%
Median Sale vs List
18 Avg Days on Market
The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2023 to September 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.
SEPTEMBER 2023 - SEPTEMBER 2024
amily Homes months, year-over-year. & Townhomes months, year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has increased from $2 3m last September 2023, to $2 4m as of September 2024
Condos & Townhomes
The median sale price has increased from $0 last September 2023, to $500k as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market remained the same from 18 days last September 2023, to 18 days as of September 2024
Condos & Townhomes
The average time spent on the market went up from 0 days in September 2023, to 24 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 99 4% last September 2023, to 107 3% a year later
Condos & Townhomes
The overbid percentage has increased from 0% last September 2023, to 99.3% a year later.
Burlingame
What's in the Burlingame data?
There were 16 single-family homes for sale, providing 0.9 months of inventory. There were 16 new listings, and 17 homes sold at a median price of $2.8m. The median overbid percentage was at 106.5%, with an average of 15 days on the market.
There was 1 condo and townhome unit for sale, providing 0.5 months of inventory. There were 0 new listings and 2 units sold at a median sale price of $1.4m. The median overbid percentage was at 95%, with an average of 117 days on the market.
SFH
Single-Family Homes
16 New Listings
17 Sold Listings
0.9 Months of Inventory
$2.8M Median Sale Price
106.5%
Median Sale vs List
15 Avg Days on Market
The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2023 to September 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.
Condo & Townhomes
0
New Listings
2
Sold Listings
0.5
Months of Inventory
$1.4M
Median Sale Price 95%
Median Sale vs List 117 Avg Days on Market
Burlingame
SEPTEMBER 2023 - SEPTEMBER 2024
LISTINGS FOR SALE SOLD LISTINGS
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has increased from $2 7m last September 2023, to $2 8m as of September 2024
Condos & Townhomes
The median sale price has increased from $1m last September 2023, to $1 4m as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 33 days last September 2023, to 15 days as of September 2024
Condos & Townhomes
The average time spent on the market went up from 32 days in September 2023, to 117 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 98 5% last September 2023, to 106 5% a year later
Condos & Townhomes
The overbid percentage has decreased from 98.5% last September 2023, to 95% a year later.
DalyCity
What's in the Daly City data?
There were 30 single-family homes for sale, providing 0.9 months of inventory. There were 36 new listings, and 33 homes sold at a median price of $1.2m. The median overbid percentage was at 108.4%, with an average of 31 days on the market.
There were 23 condo and townhome units for sale, providing 2.1 months of inventory. There were 10 new listings and 11 units sold at a median sale price of $745k. The median overbid percentage was at 100%, with an average of 51 days on the market.
SFH
Single-Family Homes
36 New Listings
33 Sold Listings
0.9 Months of Inventory
$1.2M Median Sale Price
108.4%
Median Sale vs List
31 Avg Days on Market
The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2023 to September 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.
SEPTEMBER 2023 - SEPTEMBER 2024
mes year-over-year. omes year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has decreased from $1 25m last September 2023, to $1 2m as of September 2024
Condos & Townhomes
The median sale price has increased from $552k last September 2023, to $745k as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 14 days last September 2023, to 31 days as of September 2024
Condos & Townhomes
The average time spent on the market went up from 22 days in September 2023, to 51 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 108 3% last September 2023, to 108 4% a year later
Condos & Townhomes
The overbid percentage has remained the same from 100% last September 2023, to 100% a year later.
FosterCity
What's in the Foster City data?
There were 9 single-family homes for sale, providing 1.5 months of inventory. There were 15 new listings, and 6 homes sold at a median price of $2m. The median overbid percentage was at 99.3%, with an average of 23 days on the market.
There were 32 condo and townhome units for sale, providing 2.1 months of inventory. There were 20 new listings and 15 units sold at a median sale price of $1.2m. The median overbid percentage was at 102.9%, with an average of 25 days on the market.
Single-Family Homes
15 ew Listings
6 Sold Listings
1.5 Months of Inventory
$2M Median Sale Price
99.3% Median Sale vs List
23 Avg Days on Market
The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2023 to September 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.
20
New Listings
15
Sold Listings
2.1
Months of Inventory
$1.2M
Median Sale Price
102.9%
Median Sale vs List
25 Avg Days on Market
SEPTEMBER 2023 - SEPTEMBER 2024
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has decreased from $2 1m last September 2023, to $2m as of September 2024
Condos & Townhomes
The median sale price has decreased from $1 253m last September 2023, to $1 25m as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 33 days last September 2023, to 23 days as of September 2024
Condos & Townhomes
The average time spent on the market went up from 14 days in September 2023, to 25 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has decreased from 101 5% last September 2023, to 99 3% a year later
Condos & Townhomes
The overbid percentage has decreased from 104.8% last September 2023, to 102.9% a year later.
HalfM Bay
What's in the Half data?
There were 22 single-family providing 2.2 months of inve new listings, and 10 homes s of $1.9m. The median overb 96 8%, with an average of 49
There were 6 condo and tow providing 2 months of invent new listings and 3 units sold price of $800k. The median o was at 98.6%, with an averag market.
single-family homes, condos and September 2024. This may was gathered. All data is KW Advisors Peninsula independently owned and
New Listings
2 Months of Inventory 98.6%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has decreased from $2 1m last September 2023, to $1 9m as of September 2024
Condos & Townhomes
The median sale price has decreased from $875k last September 2023, to $800k as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 25 days last September 2023, to 49 days as of September 2024
Condos & Townhomes
The average time spent on the market went down from 47 days in September 2023, to 9 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has decreased from 99 5% last September 2023, to 96 8% a year later
Condos & Townhomes
The overbid percentage has decreased from 98.9% last September 2023, to 98.6% a year later.
Hillsborough
What's in the Hillsborough data?
There were 31 single-family homes for sale, providing 2.8 months of inventory. There were 15 new listings, and 11 homes sold at a median price of $4.9m. The median overbid percentage was at 98.9%, with an average of 47 days on the market.
There was no data for condo and townhouse units for this month.
onth.
Median SalesPrice
Single-Family Homes
The median sale price has increased from $4 5m last September 2023, to $4 9m as of September 2024
Condos & Townhomes
No data for this month
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 23 days last September 2023, to 47 days as of September 2024
Condos & Townhomes
No data for this month
Overbids
Single-Family Homes
The overbid percentage has decreased from 101 2% last September 2023, to 98 9% a year later
Condos & Townhomes
No data for this month
Millbrae
What's in the Millbrae data?
There were 12 single-family homes for sale, providing 0.7 months of inventory. There were 12 new listings, and 17 homes sold at a median price of $1.9m. The median overbid percentage was at 109.7%, with an average of 11 days on the market.
There were 4 condo and townhome units for sale, providing 4 months of inventory. There was 1 new listing and 1 unit sold at a median sale price of $1.4m. The median overbid percentage was at 100.1%, with an average of 22 days on the market.
Single-Family Homes
12
New Listings
17 Sold Listings
0.7 Months of Inventory
$1.9M Median Sale Price
109.7%
Median Sale vs List
11 Avg Days on Market
The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2023 to September 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.
Condo 1 New Listing
4 Months of Inventory
100.1%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has decreased from $2 1m last September 2023, to $1 9m as of September 2024
Condos & Townhomes
The median sale price has increased from $799k last September 2023, to $1 4m as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market remained the same from 11 days last September 2023, to 11 days as of September 2024
Condos & Townhomes
The average time spent on the market went down from 25 days in September 2023, to 22 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 108 3% last September 2023, to 109 7% a year later
Condos & Townhomes
The overbid percentage has increased from 98.5% last September 2023, to 100.1% a year later.
Pacifica
What's in the Paci
There were 26 single-family h providing 0.9 months of inve new listings, and 28 homes s of $1.3m. The median overbi 107.1%, with an average of 2
There were 17 condo and tow sale, providing 2.8 months of were 13 new listings and 6 u sale price of $754k. The med percentage was at 101.2%, w days on the market.
single-family homes, condos and September 2024. This may was gathered. All data is KW Advisors Peninsula independently owned and
New Listings
2.8
Months of Inventory
101.2%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has decreased from $1 32m last September 2023, to $1 3m as of September 2024
Condos & Townhomes
The median sale price has decreased from $775k last September 2023, to $754k as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 30 days last September 2023, to 24 days as of September 2024
Condos & Townhomes
The average time spent on the market went up from 33 days in September 2023, to 54 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 100 3% last September 2023, to 107 1% a year later
Condos & Townhomes
The overbid percentage has remained the same from 101.2% last September 2023, to 101.2% a year later.
e-Family Homes
16 Sold Listings
urced from MLS Listings Inc, includes all single-family homes, condos and in the California Area from September 2023 to September 2024. This may preliminary data, and may vary from the time the data was gathered. All data is ble but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Burlingame | San Mateo 2024. Each office is independently owned and ings
8 of Inventory
$1.5M Median Sale Price
7.2% Sale vs List
21 Avg Days on Market
New Listings
4.8
Months of Inventory
101%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 2m last September 2023, to $1 5m as of September 2024
Condos & Townhomes
The median sale price has decreased from $515k last September 2023, to $414k as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 22 days last September 2023, to 21 days as of September 2024
Condos & Townhomes
The average time spent on the market went up from 12 days in September 2023, to 100 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 104 6% last September 2023, to 107 2% a year later
Condos & Townhomes
The overbid percentage has increased from 98.5% last September 2023, to 101% a year later.
SanCarlos
What's in the San Carlos data?
There were 27 single-family homes for sale, providing 1.9 months of inventory. There were 34 new listings, and 14 homes sold at a median price of $2.5m. The median overbid percentage was at 105.9%, with an average of 12 days on the market.
There were 21 condo and townhome units for sale, providing 3.5 months of inventory. There were 13 new listings and 6 units sold at a median sale price of $1m. The median overbid percentage was at 102.3%, with an average of 23 days on the market.
Single-Family Homes
34 ew Listings
14 Sold Listings
1.9 Months of Inventory
$2.5M Median Sale Price
105.9%
Median Sale vs List
12 Avg Days on Market
The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2023 to September 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.
New Listings
3.5
Months of Inventory
Median Sale Pric 102.3%
Median Sale vs List 23 Avg Days on Marke 6 Sold Listing
$1M
Carlos
SEPTEMBER 2023 - SEPTEMBER 2024
R SALE SOLD LISTINGS
mes year-over-year.
omes , year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has increased from $2 4m last September 2023, to $2 5m as of September 2024
Condos & Townhomes
The median sale price has decreased from $1 1m last September 2023, to $1m as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 18 days last September 2023, to 12 days as of September 2024
Condos & Townhomes
The average time spent on the market went down from 37 days in September 2023, to 23 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 105 6% last September 2023, to 105 9% a year later
Condos & Townhomes
The overbid percentage has increased from 102.2% last September 2023, to 102.3% a year later.
SanMateo
What's in the San Mateo data?
There were 62 single-family homes for sale, providing 1.5 months of inventory. There were 83 new listings, and 42 homes sold at a median price of $2.3m. The median overbid percentage was at 107.8%, with an average of 15 days on the market.
There were 91 condo and townhome units for sale, providing 3.5 months of inventory. There were 45 new listings and 26 units sold at a median sale price of $907k. The median overbid percentage was at 100.9%, with an average of 37 days on the market.
mily Homes
42 Sold Listings
$2.3M Median Sale Price
MLS Listings Inc, includes all single-family homes, condos and California Area from September 2023 to September 2024. This may and may vary from the time the data was gathered. All data is guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula San Mateo 2024. Each office is independently owned and ory
8% ist
15 Avg Days on Market
45
New Listings
26 Sold Listings
3.5
Months of Inventory
$907K
Median Sale Price
100.9%
Median Sale vs List
37 Avg Days on Market
SanMateo
SEPTEMBER 2023 - SEPTEMBER 2024
LISTINGS FOR SALE SOLD LISTINGS
gle-Family Homes
t 12 months, year-over-year.
ndos & Townhomes
t 12 months, year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 9m last September 2023, to $2 3m as of September 2024
Condos & Townhomes
The median sale price has decreased from $945k last September 2023, to $907k as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 23 days last September 2023, to 15 days as of September 2024
Condos & Townhomes
The average time spent on the market went down from 65 days in September 2023, to 37 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 105 8% last September 2023, to 107 8% a year later
Condos & Townhomes
The overbid percentage has increased from 98.6% last September 2023, to 100.9% a year later.
SouthSan Francisco
What's in the South San Francisco data?
There were 33 single-family homes for sale, providing 1.7 months of inventory. There were 40 new listings, and 19 homes sold at a median price of $1.4m. The median overbid percentage was at 112 2%, with an average of 15 days on the market
There were 20 condo and townhome units for sale, providing 3.3 months of inventory. There were 10 new listings and 6 units sold at a median sale price of $606k. The median overbid percentage was at 98.6%, with an average of 55 days on the market.
New Listings
6
Sold Listings
3.3
Months of Inventory
$606K
Median Sale Price 98.6%
Median Sale vs List 55 Avg Days on Market
SouthSanFrancisco
SEPTEMBER 2023 - SEPTEMBER 2024
LISTINGS FOR SALE SOLD LISTINGS
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 2m last September 2023, to $1 4m as of September 2024
Condos & Townhomes
The median sale price has decreased from $618k last September 2023, to $606k as of September 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 18 days last September 2023, to 15 days as of September 2024
Condos & Townhomes
The average time spent on the market went up from 11 days in September 2023, to 55 days as of September 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 107% last September 2023, to 112 2% a year later
Condos & Townhomes
The overbid percentage has decreased from 101.9% last September 2023, to 98.6% a year later.
