May 2025 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
Average Price$2,727,890
-3.6%
Pending Properties264
+10.9%
Sale/List Price Ratio104.8%
-1.9%
Days of Inventory48
+13.0%
Trends at a Glance
| Trends At a Glance |
May 2025 |
Previous Month |
Year-over-Year |
| Median Price |
$2,200,000 (-2.8%) |
$2,263,000 |
$2,416,250 (-8.9%) |
| Average Price |
$2,727,890 (-3.6%) |
$2,828,850 |
$2,795,160 (-2.4%) |
| No. of Sales |
308 (+5.8%) |
291 |
306 (+0.7%) |
| Pending |
264 (+10.9%) |
238 |
262 (+0.8%) |
| Active |
496 (+15.6%) |
429 |
376 (+31.9%) |
| Sale vs. List Price |
104.8% (-1.9%) |
106.8% |
107.8% (-2.7%) |
| Days on Market |
18 (-5.1%) |
19 |
16 (+17.4%) |
| Days of Inventory |
48 (+13.0%) |
43 |
37 (+31.1%) |
Market Commentary
Sales of single-family, re-sale homes in San Mateo County rose 0.7% in May, year-over-year. There were 308 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 $2,200,000. It was down 8.9% compared to last year.
The average sales price fell 2.4% year-over-year.
The sales price to list price ratio fell from 106.8% to 104.8%.
Inventory of single-family, re-sale homes was up 31.9% compared to last year. As of June 5th, there were 496 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 forty-three days to forty-eight days.
It took eighteen 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 1.1% year-over-year.
Year-over-year, the average sales price fell 2.3%.
Condo sales were down 13.3% year-over-year. There were 85 condos sold last month. The average since January 2003 is 122.
Inventory was up 41.8% year-over-year.
As of June 5th, there were 251 condos for sale in San Mateo County. The average since January 2003 is 350.
Days of inventory rose from sixty-five to eighty-nine.
It took an average of twenty-nine days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.