Marisa Wacchorst - San Mateo County MR June 2024

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SanMateo County

What's in the San Mateo County data?

There were 462 single-family homes for sale, providing 1.6 months of inventory. There were 529 new listings, and 361 homes sold at a median price of $2.2m. The median overbid percentage was at 106 3%, with an average of 16 days on the market.

There were 223 condo and townhome units for sale, providing 2.5 months of inventory. There were 173 new listings and 115 units sold at a median sale price of $925k. The median overbid percentage was at 100.5%, with an average of 25 days on the market

Single-Family Homes

529 New Listings

361 Sold Listings

1.6 Months of Inventory

$2.2M Median Sale Price

106.3%

Median Sale vs List

16 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from May 2023 to May 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

173

New Listings

115

Sold Listings

2.5

Months of Inventory

100.5%

Median Sale vs List

$925K

Median Sale Price

25

Avg Days on Market

SanMateoCounty

MAY 2023 - MAY 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 increased from $1 8m last May 2023, to $2 2m as of May 2024

Condos & Townhomes

The median sale price has increased from $915k last May 2023, to $925k as of May 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 20 days last May 2023, to 16 days as of May 2024

Condos & Townhomes

The average time spent on the market went down from 26 days in May 2023, to 25 days as of May 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 1% last May 2023, to 106 3% a year later

Condos & Townhomes

The overbid percentage has increased from 100.1% last May 2023, to 100.5% a year later.

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