Real Estate Market Report – This Month 2023

Welcome to this month’s real estate market report for San Mateo County, California. Single-family home prices stayed flat month to month, while condo property prices climbed slightly higher. Single-family home and condo sales have been slower over the summer and over-bidding for properties is diminishing. There are fewer listings for sale for both single-family homes and condo properties than one year ago. Overall the market for single-family homes and condos is in a neutral position. Find out more about the San Mateo County real estate market in this helpful report.

Are you ready to buy a home or condo in San Mateo and want results fast? Start your search here to find a home or condo by price, size, location and more! Save your favorite properties that you want to tour, then, sign up to be notified when new properties that meet your needs become available so you don’t miss out! Get started today!

Do you own a home or condo in San Mateo County and are ready to sell but just not sure at what price? Find out what your home may be worth by using our free home valuation tool. To get started enter some basic information about your home, next, we will provide you with a confidential market summary of your home and suggested list price. Accurate pricing is the first step to take to get your home sold, find out what your home may sell for today!

San Mateo County Housing Stats

The median sale price for single-family homes in San Mateo County at the end of August 2023 was $1,800,00.

There was a total of 318 single-family properties sold in San Mateo during August, and homes were on the market for an average of 28 days before being sold

There was a total of 452 new listings to hit the market in San Mateo, bringing the total months of inventory available to 1.6.

Overbidding continues s sellers are getting 103.3% of the original list price at closing

San Mateo County Condo Stats

The median sale price for condo properties in San Mateo County at the end of August 2023 was $1,000,000

There was a total of 94 condo listings sold in San Mateo County during the month of August, and condo listings were on the market for an average of 45 days before being sold.

There was a total of 137 new condo property listings for sale in San Mateo last month, bringing the total amount of condo inventory available to two months.

Overbidding continues to remain for sellers at a median of 100.6% of original list price.

San Mateo County Homes for Sale

Here are the most recent single-home listings just added to the database in the median sale price range for San Mateo County. All homes here are priced at $1,800,000 or less.

San Mateo County Condos for Sale

Here are the most recent condominium listings just added to the database in the median sale price range for San Mateo County.  All homes here are priced at $1,000,000 or less.

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Real Estate Market Report -This Month 2023
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Real Estate Market Report -This Month 2023
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The Chris Eckert Real Estate Team is excited to bring you this May 2023 market report. Give us a call at the Chris Eckert Real Estate Team | 650.627.3799 and we can answer all your real estate questions.
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Chris Eckert Real Estate Team
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