Welcome to this month’s San Mateo County, California, real estate market report. Have home prices continued their downward trend over the last couple of months? While prices may be cooling a bit, compared to one year ago, single-family home prices are still up 10% overall. Condo sale prices comparatively are up only 1.1% from one year ago. Find out more about San Mateo County real estate with this helpful report.
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San Mateo County Housing Stats
The median sale price for single-family residences in San Mateo at the end of September 2021 was $1,879,000, a year-to-year increase of 10.5%.
There were 505 properties sold in San Mateo last month, a year-to-year increase of 0.6%.
There were only 578 new listings to hit the market during September, this is a drop of 14.75% in new listing activity compared to one year ago.
There is just one month of single-family home inventory available to buyers in San Mateo, 41% less than at this time last year.
Homes are on the market for an average of 16 days before being sold, and overbidding continues as sellers are getting 108.1% of their asking price at closing.
San Mateo County Condo Stats
At the end of September 2021, the median sale price for condos in San Mateo County, California was $925,000, a year-to-year increase of 1.1%.
There were 163 condo listings sold last month, a year-to-year increase of 3.16%.
A total of 201 new condo properties were offered for sale last month, this is a drop in new listing activity of 26.6% compared to the previous September.
There are approximately 1.4 months of condo inventory available in San Mateo, 46.15% less than what was available at this time last year.
Condos are on the market in San Mateo for 22 days before being sold, and overbidding is happening in the condo market as well, sellers are getting 105% of their asking price at closing.
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 2021
| January 2021 | February 2021 |
| March 2021 | April 2021 |
| May 2021 | June 2021 |
| July 2021 | August 2021 |
| September 2021 | October 2021 |
San Mateo County Market Reports from 2020
| January 2020 | February 2020 |
| May 2020 | June 2020 |
| July 2020 | August 2020 |
| September 2020 | October 2020 |
| November 2020 | December 2020 |
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 $1,879,000 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 $925,000 or less.
