Welcome to this month’s San Mateo County real estate market report, presented to you by The Chris Eckert Real Estate Team.
Curious to know how the Covid-19 pandemic has affected real estate sales in San Mateo County this past month?
The market slowed during the month of May and while median sales prices have decreased, inventory has increased. As restrictions ease, expect sales to pick up as buyers and sellers who have been waiting begin to enter the market in the coming months.
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San Mateo County Market Stats
At the end of May 2020, the median sales price for single-family homes in San Mateo County was $1,661,16, a year to year increase of just 0.4%..
Single-family homes averaged 15 days on the market before being sold, and there is currently two months of inventory available in San Mateo County.
The year to date total of new single-family home listings is 1,956, down 18.5% for the year, there have been a total of 1,439 single-family homes sold so far in 2020, and single-family homes are selling at 103.6% above asking price.
The median sales price for condos in San Mateo County ended the month of May at $975,000, a slight year to year increase of 0.6%.
Condos are averaging 11 days on the market before being sold, and there is only 1.7 months of condo inventory available in San Mateo County.
For the year, there have been 616 new condo listings, down 12.1% for the year, a total of 534 condos have sold, also down 2.3% for the year, and condos are selling for an average of 102.2% of their asking price.
Summary of Numbers [KW Peninsula Estates Market Report]
San Mateo County Homes by Price
| Homes under $600K | Homes under $700K |
| Homes under $800K | Homes under $900K |
| Homes under $1 Million | Homes under $1 Million |
San Mateo County Market Reports from 2020
San Mateo County Market Reports from 2019
San Mateo County Homes for Sale
Here are the most recent home listings just added to the database in the median sale price range for San Mateo County. All homes here are priced at $1,661,167 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 $975,000 or less.
