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.
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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 by Price
San Mateo County Market Reports from 2023
San Mateo County Market Reports from 2022
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.
