Welcome to this month’s San Mateo County, California real estate market report. The San Mateo County real estate market shows no sign of slowing down. Buyers are overbidding for properties which has pushed prices for single-family homes higher. The condo market also saw an increase in median sales price, however, the condo market has slowed over the last twelve months. Find out more in this helpful report.
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San Mateo County Housing Stats
The median sold price for single-family homes in San Mateo County, California at the end of February 2022 was $1,962,500, which is a year-to-year increase of 12.1%.
There were just 220 single-family homes sold in San Mateo last month, this represents a year-to-year slowdown in sales of 23.88%.
There were 450 new single-family home listings that hit the market, a drop of 4.5% compared to one year ago.
Sellers of single-family homes in San Mateo County are getting 115.2% of their list price at closing, this is an increase of 9.8% from this time last year.
Homes were on the market for an average of just 14 days before being sold in San Mateo County during February, a year-to-year decrease of 48.15%, and there is just 1.5 months of inventory available to buyers.
San Mateo County Condo Stats
The median sold price for condos in San Mateo County at the end of February 2022 was $1,037,500, up 20.9% from one year ago.
There were just 106 condo properties sold last month, which is a year-to-year drop of 17.19%.
There were 181 new condo listings to hit the market in San Mateo during February, this is down 7.18%% compared to the previous February.
Condos for sale in San Mateo County stayed on the market for an average of 24 days in February before being sold, a decrease of 33.33% from the previous February.
Sellers of condos in San Mateo County were getting 107.4% of their list price at closing, which is a year-to-year increase of 5.8%.
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 2022
San Mateo County Market Reports from 2021
| January 2021 | February 2021 |
| March 2021 | April 2021 |
| May 2021 | June 2021 |
| July 2021 | August 2021 |
| September 2021 | October 2021 |
| November 2021 | December 2021 |
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 $1,962,500 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 $1,037,500 or less.
