Thu Jan 21 2021
This week the median list price for San Mateo, CA is $1,499,000 with the market action index hovering around 62. This is less than last month's market action index of 71. Inventory has held steady at or around 38.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,499,000|
|Per Square Foot||$928|
|Days on Market||68|
|Strong Seller's Market|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,285,000||2,470||0.25 - 0.5 acre||4||3||66||2||0||70|
|$1,750,000||2,162||4,500 - 6,500 sqft||4||3||76||3||0||79|
|$1,409,500||1,348||4,500 - 6,500 sqft||3||2||73||3||0||77|
|$1,179,500||1,190||4,500 - 6,500 sqft||3||2||71||3||0||47|