Mike Bohnert | The Bohnert Group

San Mateo, CA

Single-Family Homes

DRE #01325031



San Mateo, CA

Wed Oct 09 2024
This week the median list price for San Mateo, CA is $1,908,444 with the market action index hovering around 71. This is less than last month's market action index of 76. Inventory has increased to 60. Click here to stay informed with the San Mateo market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Mateo, CA

Wed Oct 09 2024
This week the median list price for San Mateo, CA is $1,908,444 with the market action index hovering around 71. This is less than last month's market action index of 76. Inventory has increased to 60. Click here to stay informed with the San Mateo market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Mateo market.
Median List Price $1,908,444
Median Price of New Listings $2,262,500
Per Square Foot $1,167
Average Days on Market 76
Median Days on Market 14
Price Decreased 18%
Price Increased 2%
Relisted 0%
Inventory 60
Median Rent
Market Action 71
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,327,000 2,457 6,500 - 8,000 sqft 4 3 78 4 5 14
$2,178,000 1,970 4,500 - 6,500 sqft 3 2 75 3 5 14
$1,724,999 1,420 4,500 - 6,500 sqft 3 2 72 4 4 14
$1,438,888 1,140 4,500 - 6,500 sqft 3 1.5 75 1 6 21