Real Estate Report presented by Mary Pope-Handy & Clair Handy

January 2024 Report

Single Family Homes in San Mateo County, Woodside, All Neighborhoods Change >


Median Price
$2,900,000
+30.0%
Average Price
$3,512,500
-30.0%
No. Sold
4
-42.9%
Pending Properties
2
-60.0%
Active
18
+20.0%
Sale/List Price Ratio
92.3%
-3.8%
Days on Market
117
+14.5%
Days of Inventory
135
+110.0%

Market Barometer

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Market Commentary

Home Prices Up, Sales Down

Sales of single-family, re-sale homes in San Mateo County fell 21.4% in January, year-over-year. There were 99 homes sold in San Mateo County last month. The average since 2000 is 398.

The median sales price for single-family, re-sale homes was up 13.2% compared to last year.

The average sales price gained 8.3% year-over-year.

The sales price to list price ratio fell from 101.1% to 99.6%.

Inventory of single-family, re-sale homes was down 18.1% compared to last year. As of February 5th, there were 222 homes for sale in San Mateo County. The average since January 2000 is 1,287.

Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, rose from twenty-three to sixty-seven days.

It took forty-seven days, on average, to sell a home last month. That is the time from when a home is listed to when it goes into contract.

The median sales price for re-sale condos fell 3.0% year-over-year.

Year-over-year, the average sales price rose 6.2%.

Condo sales were up 2.5% year-over-year. There were 41 condos sold last month. The average since January 2003 is 122.

Inventory was down 9.2% year-over-year.

As of February 5th, there were 108 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory rose from fifty to seventy-nine.

It took an average of fifty days to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

 

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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