Real Estate Report presented by Carmen Miranda~Diamond Certified

May 2022 Report

Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >


Median Price
$2,200,000
-8.3%
Average Price
$2,753,720
-4.3%
No. Sold
379
+3.6%
Pending Properties
510
-10.1%
Active
365
+21.7%
Sale/List Price Ratio
112.9%
-1.0%
Days on Market
15
+31.1%
Days of Inventory
29
+21.5%

Market Barometer

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Market Commentary

Sales Prices Up, Sales Continue to Fall

The median sales price for single-family, re-sale homes was up 7.9% compared to last year. That’s the twenty-fourth month in a row the median sales price has been higher than the year before.

The average sales price rose 4.9% year-over-year.

The sales price to list price ratio fell from 114% to 112.9%.

After being higher, year-over-year, fourteen months in a row, sales of single-family, re-sale homes in San Mateo County fell for the ninth month in a row. They were down 12.9% in May. There were 379 homes sold in San Mateo County last month. The average since 2000 is 398. 

Inventory of single-family, re-sale homes was up 25% compared to last year. As of June 5th, there were 365 homes for sale in San Mateo County. The average since January 2000 is 1,287.

Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, rose from twenty-four to twenty-nine days.

It took fifteen days, on average, to sell a home last month. That is the time from when a home is listed to when it goes into contract. 

The median sales price for re-sale condos rose 1.9% year-over-year.

Year-over-year, the average sales price fell 1.9%.

Condo sales were down 4.7% year-over-year. There were 123 condos sold last month. The average since January 2003 is 122.

Inventory was up 38% year-over-year.

As of June 5th, there were 178 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory rose from twenty-seven to forty-three.

It took an average of eighteen days to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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