May 2023 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
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Average Price$2,434,120
-7.1%
Pending Properties492
+6.7%
Sale/List Price Ratio104.3%
+1.8%
Days of Inventory42
-24.6%
Trends at a Glance
Trends At a Glance | Median Price | Average Price | No. of Sales | Pending | Active |
Sale vs. List Price | Days on Market | Days of Inventory |
---|
May 2023 | $2,100,000 (+6.6%) | $2,434,120 (-7.1%) | 275 (+47.1%) | 492 (+6.7%) | 385 (+7.2%) | 104.3% (+1.8%) | 20 (-8.2%) | 42 (-24.6%) |
Previous Month | $1,970,000 | $2,619,160 | 187 | 461 | 359 | 102.4% | 21 | 56 |
Year-over-Year | $2,200,000 (-4.5%) | $2,745,970 (-11.4%) | 382 (-28.0%) | 495 (-0.6%) | 408 (-5.6%) | 113.0% (-7.7%) | 15 (+33.7%) | 32 (+31.1%) |
Market Commentary
Prices improved in May 2023 with the median price climbing 6.6% from the previous month, down 4.5% compared to last year. The average price fell 7.1%, a yearly loss of 11.4%.
Inventory rose 7.0% from last month, and was down 2.9% year-over-year.