Here is a comprehensive look at the San Mateo County area real estate market for the month of March 2019.
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San Mateo County Area Housing Market Statistics For March 2019
San Mateo Housing Statistics
The average days on the market for single family homes in San Mateo for March 2019 was 22 days.
San Mateo has a total of 36 active listings, 36 pending listings, 54 new listings, and less than one month supply of inventory.
The average list price for homes in San Mateo for March 2019 was $1,633,560, and an average sale price of $1,698,817.
Sellers were getting higher than asking price as the list to sale price ratio 103.87%.
Burlingame Housing Statistics
The average days on the market for homes in Burlingame was 28, and there were 25 active listings, with 11 listings pending.
There were 24 new listings to hit the market and 1.79 months worth of inventory available.
The average list price of homes in Burlingame was $3,148,206, with an average sales price of $3,151,671.
Sellers were getting the asking price for their homes, as the list to sale price ratio was 100.11%.
Hillsborough Housing Statistics
In the Hillsborough area, the average days on the market was the highest among the cities listed with 122 days on the market.
There were 30 active listings, 9 pending sales, and 11 new listings during
March 2019.
The average list price for homes in Hillsborough during March 2019 was $3,925,714, and the average sale price was $3,880,714.
Sellers were getting less than their asking price, as the list to sale price ratio was 80.28% in March 2019.
Foster City Housing Statistics
In the Foster City area homes averaged 26 days on the market, there were 5 active listings, 8 pending listings, and 9 new listings during March 2019.
As of April 1, 2019 there is currently less than one month of inventory available in the Foster City area.
The average list price for homes was $1,762,333, and the average sale price was $1,780,833.
Sellers were getting slightly above asking price, as the list to sale ratio was 101.5% for March 2019.
Belmont Housing Statistics
Belmont area homes averaged 26 days on the market.
There were 6 active listings, 13 pending listings, and 11 new listings. The inventory available in Belmont is currently less than two weeks.
In Belmont, the average list price for single-family homes is $1,727,988, with an average sales price of $1,816,118.
Sellers are getting slightly higher than asking price as the list to sale price ratio is 105.10% for March 2019.
San Carlos Housing Statistics
San Carlos single-family homes were on the market for an average of 29 days.
There were a total of 19 active listings, 28 pending listings, and 37 new listings.
There was slightly less than a month of inventory available at the end of March 2019.
In San Carlos, the average list price for homes during March 2019 was $2,099,707, with an average sale price of $2,197,154.
Sellers were getting higher than asking price as the list to sale ratio was 104.64%.
Redwood City Housing Statistics
Single-family homes in Redwood City averaged 39 days on the market.
There were 50 active listings available, 43 pending listings, and 64 new listings.
There was a little more than a one-month supply of inventory available in the Redwood City area.
The average list price of homes in Redwood City for March 2019 was $1,837,547, with an average sale price of $1,856,566.
Sellers were getting 101.04% of their asking price.
Redwood Shores Housing Statistics
In Redwood Shores the average days on the market for single-family homes were 33 days.
There were 4 active listings, 0 pending listings, and 4 new listings on the market at the end of March 2019.
There are approximately 1.33 months of inventory available.
The average list price of homes in Redwood Shores was $1,597,657 with an average sale price of $1,628,333.
Sellers list to sale price ratio was 101.92%
San Mateo County Area Condo Market Statistics For March 2019
San Mateo Condo Statistics
In San Mateo, condos averaged 43 days on the market; there were 19 active listings, 28 pending listings, and a total of 24 new listings.
There was less than one month’s supply of inventory available at the end of March 2019.
The average list price for condos in San Mateo was $846,671, with an average sale price of $855,765.
Sellers list to sale price ratio was 101.07%.
Burlingame Condo Statistics
The average days on the market for condos in Burlingame for March 2019 was 49 days, there were 3 active listings, 3 pending listings, and 1 new listing.
March ended with approximately 1.5 months of inventory available.
Condos in the Burlingame area had an average list price of $1,074,500, with an average sale price of $1,104,444, and the list to sale price ratio was 102.79%.
Foster City Condo Statistics
Condos in Foster City averaged 46 days on the market.
There were 14 active listings, 14 pending listings, and 18 new listings on the market for March 2019. There were approximately 1.27 months of inventory available.
Foster City average list price for condos during March 2019 was $1,059,455, with an average sale price of $1,098,091.
The list to sale price ratio for March 2019 in Foster City was 103.65%.
Belmont Condo Statistics
In the Belmont area, the average number of days on the market for condos was 43. There were 7 active listings, 3 pending listings, and 4 new listings.
March 2019 ended with 2.33 months of inventory available.
In Belmont condos, the average list price was $1,160,667, with an average sale price of $1,194,833. The list to sale price ratio for March 2019 was 102.94%.
San Carlos Condo Statistics
San Carlos condos averaged a total of 20 days on the market for March 2019.
There were 7 active listings, 6 pending listings, and 9 new listings available.
There was a 1 months supply of inventory available at the end of March 2019.
The average list price for condos in San Carlos during March 2019 was $1,229,571, with an average sale price of $1,260,429. The list to sale price ratio was 102.51%.
Redwood City Condo Statistics
In the Redwood City area, condos averaged 8 days on the market.
There were 5 active listings, 5 pending listings, and a total of 8 new listings during March 2019.
There was less than half a month of supply of inventory available.
The average list price for March 2019 in Redwood City was $1,192,626 with an average sale price of $1,223,436. The list to sale price ratio was 102.58%.
Redwood Shores Condo Statistics
In Redwood Shores, condos averaged 39 days on the market in March 2019.
There was 1 active listing, 2 pending listings, and 2 new listings during March 2019.
The inventory rate for Redwood Shores for the month ending March 2019 is 0.33 months.
The March 2019 average listing price for condos in Redwood Shores was $1,102,667, with an average sale price of $1,139,079.
The list to sale price ratio was 103.30% for March 2019.
What Does This Mean For Buyers?
Buyers should expect minimal inventory available in most areas.
The town of Hillsborough has the highest amount on single-family homes available. Belmont has the highest number of condos available.
Buyers can expect to pay higher than asking price in most areas with the exception of single-family homes in the Hillsborough area.
Buyers should have financing in place, and work with their realtor to create the most competitive and attractive offer to sellers.
What Does This Mean For Sellers?
Sellers can expect to get higher than asking price for the home or condo.
The only area where homes are being sold below asking is in the Hillsborough area.
Sellers of homes and condos should work with their realtor to price their home correctly and market it to the most qualified buyers.
If you are in the market to buy or sell a home, give the Chris Eckert Real Estate a call and we can help you through the entire process.
See Additional Reports on the San Mateo County Real Estate Market
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 $1,698,817 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 $855,765 or less.
