Is San Mateo County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, San Mateo County has remained a Seller's Market.
Housing Prices in San Mateo County, CA
How much do homes in San Mateo County, CA cost?
Median Sold Price
$1,598,059
$1,014/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Mateo County was $1,598,059 in April 2024, up 2.4% from last year, and the median price per square foot was $1,014.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $571K | -4.8% |
2 Bedrooms | $1.0M | $1.1M | +2.1% |
3 Bedrooms | $1.5M | $1.5M | +0.7% |
4 Bedrooms | $2.4M | $2.4M | -0.3% |
5+ Bedrooms | $3.6M | $3.4M | -4.7% |
Summary: San Mateo County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Counties
Santa Clara County | $1.4M | $1.5M | +7.4% |
San Mateo County | $1.5M | $1.5M | +2.4% |
Santa Cruz County | $1.1M | $1.1M | -1.1% |
San Francisco County | $1.4M | $1.3M | -1.4% |
Housing Supply in San Mateo County, CA
How many homes are available in San Mateo County, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,069 | 1,263 | +18.1% |
Summary: The San Mateo County real estate market had 1,263 homes for sale in April 2024, a 18.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 64 | 73 | +14.1% |
2 Bedrooms | 232 | 278 | +19.8% |
3 Bedrooms | 371 | 406 | +9.4% |
4 Bedrooms | 242 | 311 | +28.5% |
5+ Bedrooms | 160 | 195 | +21.9% |
Summary: The San Mateo County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 21.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
327 | 402 | +22.9% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
265 Homes Were Sold
Over Asking
Summary: A total of 402 homes were sold or pending in San Mateo County in April 2024, up by 22.9% month-over-month. Of the 389 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% were sold over asking.
Days on Market for San Mateo County, CA
How long does it take to sell a home in San Mateo County, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 19 Days | -20.1% |
Summary: Homes in San Mateo County had an average of 19 days on market in Apr 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
313 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 402 homes were sold in San Mateo County; 78% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.