San Mateo County Housing Market Trends – August 2023

Average Price: August 2023

Average Price: August 2023 vs August 2022 (YoY)

San Mateo County’s Housing Market Trends Year-over-Year % Change of August 2023 compared to August 2022.

* Single Family Homes Average sold price increased to $237,068 and overall, 10% Appreciation Year-over-Year.

* Townhome/CONDO’s Average sold price increased to $46,601 and overall, 5%Appreciation Year-over-Year.

Average Price: August 2023 vs July 2023 (MoM)

San Mateo County’s Housing Market Trends Month-over-Month % Change of August 2023 compared to July 2023.

* Single Family Homes Average sold price increased to $221,358 and overall, 9% Appreciation  Month-over-Month.

* Townhome/CONDO’s Average sold price increased to $79,780 and overall, 8% Appreciation Month-over-Month.

Average Price: August 2023 vs January 2023 (Year to Date)

San Mateo County’s Housing Market Trends Year to Date % Change of August 2023 compared to January 2023.

* Single Family Homes Average sold price increased to $374,849 and overall, 17% Appreciation Year to Date.

* Townhome/CONDO’s Average sold price increased to $111,022 and overall, 12% Appreciation Year to Date.

Listings Activity: August 2023

NEW Listings Activity: August 2023 vs August 2022 (YoY)

San Mateo County’s Housing Market Trends Year-over-Year % Change of August 2023 compared to August 2022.

* Single Family Homes NEW Listings were down by -4 and overall, -1% change Year-over-Year.

* Townhome/CONDO’s NEW Listings were down by -18 and overall, -13% change Year-over-Year.

SOLD Homes Activity: August 2023 vs August 2022 (YoY)

San Mateo County’s Housing Market Trends Year-over-Year % Change of August 2023 compared to August 2022.

* Single Family Homes SOLD Homes were down by -25 and overall, -7% change Year-over-Year.

* Townhome/CONDO’s SOLD Homes were down by -39 and overall, -30% change Year-over-Year.

NEW Listings Activity: August 2023 vs. July 2023 (MoM)

San Mateo County’s Housing Market Trends Month-over-Month % Change of August 2023 compared to July 2023.

* Single Family Homes NEW Listings were up by 61 and overall, 18% change Month-over-Month.

* Townhome/CONDO’s NEW Listings were up by 10 and overall, 9% change Month-over-Month.

SOLD Homes Activity: August 2023 vs. July 2022 (MoM)

San Mateo County’s Housing Market Trends Month-over-Month % Change of August 2023 compared to July 2023.

* Single Family Homes SOLD Homes were up by 38 and overall, 14% change Month-over-Month.

* Townhome/CONDO’s SOLD Homes were up by 5 and overall, 6% change Month-over-Month.

NEW Listing Activity: August 2023 vs. January 2023 (Year to Date)

San Mateo County’s Housing Market Trends Year to Date % Change of August 2023 compared to January 2023.

* Single Family Homes NEW Listings were up by 176 and overall, 78% change Year to Date.

* Townhome/CONDO’s NEW Listings were up by 30 and overall, 31% change Year to Date.

SOLD Homes Activity: August 2023 vs. January 2023 (Year to Date)

San Mateo County’s Housing Market Trends Year to Date % Change of August 2023 compared to January 2023.

* Single Family Homes SOLD Homes were up by 157 and overall, 99% change Year to Date.

* Townhome/CONDO’s SOLD Homes were up by 46 and overall, 98% change Year to Date.

Resources: MLS Listings Inc

https://www.mlslistings.com/media-center/interactive-market-snapshots/

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Q1 2021    Q2 2021    Q3 2021      Q4 2021

Santa Clara County Housing Market Trends – Monthly

2023: January    February    March    April    May   July 

2022: January    February    March    April    May   July    July    August    September     October  November    December

2021: January    February    March    April    May   July    July    August    September    October    November    December

San Mateo County Housing Market Trends – Monthly

2023: January    February    March   April    May   July