Real Estate Report presented 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
20
-8.2%
Days of Inventory
42
-24.6%

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.

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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