Intero's Market Report
San Mateo, CA
Single-Family Homes
San Mateo, CA
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.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $1,499,000 | |
| Per Square Foot | $928 | |
| Days on Market | 68 | |
| Price Decreased | 18% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 38 | |
| Median Rent | $4,300 | |
| Most Expensive | $7,595,000 | |
| Least Expensive | $799,000 | |
| Market Action | 62 | |
| 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.
Market Segments
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 |