January 2021 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
Average Price$2,030,640
-2.4%
Pending Properties290
0.0%
Sale/List Price Ratio103.1%
+1.1%
Days of Inventory37
+93.1%
Trends at a Glance
| Trends At a Glance |
Jan 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$1,570,000 (-7.6%) |
$1,699,500 |
$1,410,000 (+11.3%) |
| Average Price |
$2,030,640 (-2.4%) |
$2,080,410 |
$1,870,620 (+8.6%) |
| No. of Sales |
230 (-41.0%) |
390 |
171 (+34.5%) |
| Pending |
290 (0.0%) |
290 |
184 (+57.6%) |
| Active |
287 (+13.9%) |
252 |
283 (+1.4%) |
| Sale vs. List Price |
103.1% (+1.1%) |
102.0% |
101.8% (+1.3%) |
| Days on Market |
33 (+22.7%) |
27 |
41 (-20.7%) |
| Days of Inventory |
37 (+93.1%) |
19 |
50 (-24.6%) |
Market Commentary
Sales of single-family, re-sale homes in San Mateo County were up for the seventh month in a row, year-over-year, in January. They rose 42%. There were 230 homes sold in San Mateo County last month. The average since 2000 is 398.
Although continuing to back off the high set in August, the median sales price for single-family, re-sale homes was up, year-over-year, by 11.7%.
The average price also backed off the high set in August. It was up 8.3% year-over-year.
Inventory of single-family, re-sale homes was up 15.3% compared to last year. As of February 5th, there were 287 homes for sale in San Mateo County. The average since January 2000 is 1,287.
The sales price to list price ratio rose to 103.1% from 102.0%.
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 eighteen days to thirty-seven days.
It took thirty-three 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 1.2% year-over-year. It was up 5.9% from December. The average sales price fell 32% from December. Year-over-year, the average sales price rose 1.9%.
Condo sales were up 29.6% year-over-year. Condo sales were down 62.9% from December. There were 92 condos sold last month
Inventory jumped 109.5% year-over-year. It was down 40.4% compared to December.
As of February 5th, there were 155 condos for sale in San Mateo County. The average since January 2003 is 350.
Days of inventory fell to fifty-one from thirty-six.
It took an average of thirty-eight days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.