Real Estate Report presented by Carmen Miranda~Diamond Certified

April 2021 Report

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


Median Price
$1,988,500
-0.1%
Average Price
$2,450,670
+2.6%
No. Sold
443
+30.7%
Pending Properties
487
+6.6%
Active
317
-3.1%
Sale/List Price Ratio
109.7%
+2.9%
Days on Market
19
-3.7%
Days of Inventory
21
-28.3%

Market Barometer

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Market Commentary

Home Sales Surge

Sales of single-family, re-sale homes in San Mateo County were up for the tenth month in a row, year-over-year, in April. They jumped 134.4% year-over-year. There were 443 homes sold in San Mateo County last month. The average since 2000 is 398.

The median sales price for single-family, re-sale homes rose 22% compared to last year. That’s the eleventh month in a row the median sales price has been higher than the year before.

The average sales price for single-family, re-sale homes was up 21.1% year-over-year.

The sales price to list price ratio rose to 109.7% from 106.7%.

Inventory of single-family, re-sale homes was down 20.4% compared to last year. As of May 5th, there were 317 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, dropped to twenty-one from twenty-nine days.

It took nineteen 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 fell 6.9% year-over-year. 

Year-over-year, the average sales price fell 4.7%.

Condo sales were up 106.9% year-over-year. There were 149 condos sold last month. The average since January 2003 is 122.

Inventory was up 36.2% year-over-year.

As of May 5th, there were 143 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory fell to twenty-eight from thirty-six.

It took an average of twenty-three 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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