$10,000 Closing Credit*
$1,498,000
2,298 SqFt
3 Beds
•3 Full Baths
Mariaelena Diaz, Listing Office: eXp Realty of California Inc
Is San Mateo County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Mateo County has remained a Seller's Market.
Key Takeaway
San Mateo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Mateo County, CA
How much do homes in San Mateo County, CA cost?
Median Sold Price
$1,649,756
$1,039/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,928(+6.4%)
Key Takeaway
Homes in San Mateo County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in San Mateo County was $1,649,756 in October 2024, up 6.4% from last year, and the median price per square foot was $1,039.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $587.5K | $570K | -3.0% |
| 2 Bedrooms | $1.0M | $1.1M | +5.2% |
| 3 Bedrooms | $1.5M | $1.6M | +5.0% |
| 4 Bedrooms | $2.3M | $2.4M | +8.6% |
| 5+ Bedrooms | $3.7M | $3.6M | -2.5% |
Summary: San Mateo County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Counties
| Santa Clara County | $1.4M | $1.5M | +9.6% |
| San Mateo County | $1.5M | $1.6M | +6.4% |
| San Francisco County | $1.3M | $1.4M | +1.5% |
| Santa Cruz County | $1.1M | $1.1M | 0.5% |
Housing Supply in San Mateo County, CA
How many homes are available in San Mateo County, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,405 | 1,415 | +0.7% |
Summary: The San Mateo County real estate market had 1,415 homes for sale in October 2024, a 0.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 82 | 76 | -7.3% |
| 2 Bedrooms | 301 | 309 | +2.7% |
| 3 Bedrooms | 529 | 517 | -2.3% |
| 4 Bedrooms | 301 | 314 | +4.3% |
| 5+ Bedrooms | 192 | 199 | +3.6% |
Summary: The San Mateo County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 414 | 434 | +4.8% |
Asking Price vs. Sold Price
137 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
244 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Mateo County, you could pay more than the asking price. 58.7% of homes here sold above asking price last month.
Summary: A total of 434 homes were sold or pending in San Mateo County in October 2024, up by 4.8% month-over-month. Of the 416 sold homes, 33% were sold under asking, 8% were sold at asking, and 59% were sold over asking.
Days on Market for San Mateo County, CA
How long does it take to sell a home in San Mateo County, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +13.5% |
Summary: Homes in San Mateo County had an average of 29 days on market in Oct 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
315 Homes Were Sold
Under 30 Days
85 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Mateo County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 434 homes were sold in San Mateo County; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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