Real Estate Report presented by The Glen Mitchell Group

November 2021 Report

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


Median Price
$2,206,000
+6.0%
Average Price
$2,647,580
+3.5%
No. Sold
370
-2.6%
Pending Properties
488
-9.1%
Active
215
-30.2%
Sale/List Price Ratio
109.5%
+0.3%
Days on Market
17
+2.0%
Days of Inventory
17
-30.7%

Market Barometer

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Market Commentary

Home Sales Continue to Fall

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 third month in a row. They were down 7.5% in November. There were 370 homes sold in San Mateo County last month. The average since 2000 is 398. 

Sales prices for single-family, re-sale homes rose in November. The median sales price gained 6% from October. It was up 33.7% compared to last year. That’s the eighteenth 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 rose 3.5% from October. It was up 26.5% year-over-year.

The sales price to list price ratio rose to 109.5% from 109.2%.

Inventory of single-family, re-sale homes was down 49.2% compared to last year. As of December 5th, there were 215 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, fell to seventeen days.

It took seventeen 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 3.8% year-over-year. 

Year-over-year, the average sales price rose 10%.

Condo sales were down 17.3% year-over-year. There were 105 condos sold last month. The average since January 2003 is 122.

Inventory was down 49.6% year-over-year.

As of December 5th, there were 127 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory stayed at thirty-five.

It took an average of nineteen 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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