The San Mateo County Real Estate Market Trends Report by The Glen Mitchell Group

May 2023 Report

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

Median Price

$2,100,000

+6.6%

Average Price

$2,434,120

-7.1%

No. Sold

275

+47.1%

Pending Properties

492

+6.7%

Active

385

+7.2%

Sale/List Price Ratio

104.3%

+1.8%

Days on Market

-8.2%

Days of Inventory

-24.6%

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%)

County

City

Neighborhood

Property Types

Date

Market Barometer

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Market Commentary

Home Sales Up in May 2023

Sales increased 47.1% from the month before, and were down 28% year-over-year.

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.