Is San Mateo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, San Mateo has remained a Seller's Market.
Housing Prices in San Mateo, CA
How much do homes in San Mateo, CA cost?
Median Sold Price
$1,500,333
$1,005/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Mateo was $1,500,333 in April 2024, up 1.9% from last year, and the median price per square foot was $1,005.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $605K | $595.7K | -1.5% |
2 Bedrooms | $1.0M | $1.1M | +6.5% |
3 Bedrooms | $1.6M | $1.6M | +4.9% |
4 Bedrooms | $2.3M | $2.3M | +3.5% |
5+ Bedrooms | $2.7M | $2.6M | -5.7% |
Summary: San Mateo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
Foster City | $1.5M | $1.6M | +8.2% |
San Mateo | $1.4M | $1.5M | +1.9% |
Belmont | $2.0M | $2.0M | -2.2% |
Burlingame | $2.5M | $2.4M | -6.0% |
Hillsborough | $5.6M | $4.7M | -15.9% |
Housing Supply in San Mateo, CA
How many homes are available in San Mateo, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
190 | 223 | +17.4% |
Summary: The San Mateo real estate market had 223 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 27 | +12.5% |
2 Bedrooms | 72 | 88 | +22.2% |
3 Bedrooms | 56 | 62 | +10.7% |
4 Bedrooms | 25 | 32 | +28.0% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The San Mateo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 76 | +38.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in San Mateo in April 2024, up by 38.2% month-over-month. Of the 74 sold homes, 22% were sold under asking, 5% were sold at asking, and 73% were sold over asking.
Days on Market for San Mateo, CA
How long does it take to sell a home in San Mateo, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 12 Days | -62.2% |
Summary: Homes in San Mateo had an average of 12 days on market in Apr 2024, down by 62.2% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 76 homes were sold in San Mateo; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.