Kapowich Real Estate Silicon Valley Reports

San Mateo, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



San Mateo, CA

Sat Apr 13 2024
This week the median list price for San Mateo, CA is $1,941,500 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has increased to 34. 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

The market has started cooling and prices have been flat for several weeks. Since 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

Sat Apr 13 2024
This week the median list price for San Mateo, CA is $1,941,500 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has increased to 34. 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

The market has started cooling and prices have been flat for several weeks. Since 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 $1,941,500
Median Price of New Listings $2,546,500
Per Square Foot $1,173
Average Days on Market 110
Median Days on Market 7
Price Decreased 9%
Price Increased 0%
Relisted 3%
Inventory 34
Median Rent
Market Action 60
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
$3,644,000 3,364 8,000 - 10,000 sqft 4 3.5 75 3 2 17
$2,421,500 2,150 6,500 - 8,000 sqft 4 2.3 76 2 3 7
$1,799,000 1,510 4,500 - 6,500 sqft 3 2 78 0 1 21
$1,248,000 1,060 4,500 - 6,500 sqft 3 2 72 1 2 7