Real Estate Market Report – This Month 2020

Welcome to this month’s San Mateo County market report. How have the continued restrictions affected the real estate market in San Mateo? Read this helpful report to find out.

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San Mateo County Housing Stats

In San Mateo County the median sale price for single-family homes going into November was $1,665,000, a year-to-year increase of 9.7%.

There were 512 single-family homes sold in San Mateo during October, a 26.11% increase compared to one year ago.

There were 603 new single-family properties that hit the market last month, a year to year increase of 37.05%.

Single-family homes in San Mateo stayed on the market an average of 20 days before being sold, a shrinkage of 9.09% from one year ago.

There are only 1.2 months of inventory available to buyers, and sellers were getting 103.3% of their list price when sold.

The median sale price for condos in San Mateo county began November 2020, $915,000, a year to year increase of 2.1%.

There were 141 condos sold during October 2020, an increase of 15.57% from one year ago.