Bay Area Housing Market Update: San Mateo County Housing Market Trends February 2024

Average Prices

Average Price: February 2024 vs February 2023 (YoY)

San Mateo County’s Housing Market Trends Year-over-Year % Change of February 2024 compared to February 2023.

Single Family Homes Average home price decreased to -$599,103 and –20% Depreciation year-over-year.
Condos/Townhomes Average home price increased to $54,783 and 5% Appreciation Year-over-Year.

Graph 1.1

Average/Sqft

Average/Sqft: February 2024 vs February 2023 (YoY)

San Mateo County’s Housing Market Trends Year-over-Year % Change of February 2024 compared to February 2023.

Single Family Homes Average/Sqft increased to -$75 and -6% Depreciation Year-over-Year.
Townhome/Condos Average/Sqft decreased to -$7 and -1% Depreciation Year-over-Year.

Graph 1.2

Bay Area Yearly/Monthly Housing Market Trend in San Mateo County, CA

The summary encapsulates the dynamic shifts within San Mateo County’s Housing Market, highlighting the variations in home values across different housing types and periods. For an in-depth analysis of San Mateo County’s Housing Market trends, refer to the dynamic values presented in Data Graphs 1.1, 1.2, and 1.3

Graph 1.1

Year-over-Year (YoY) Housing Market Trends Changes for Bay Area San Mateo County, CA

Single Family Homes Average home prices increased by 19% in February 2023 compared to February 2022.
Condos/Townhomes Average home prices increased by 13% in March 2023 compared to March 2022.

Month-over-Month (MoM) Housing Market Trends Changes for Bay Area San Mateo County, CA

Single Family Homes Average home prices increased by 34% 0n February 2023 compared to January 2023.
Condos/Townhomes Average home prices increased by 11% 0n March 2023 compared to February 2023.

Schedule your consultation

Ready to make 2024 your Real Estate year? Let’s Connect!

📅 So now, what’s the delay? The perfect moment is this. Hit the link given below to book your discovery call with me. Let’s spark plug the transformation engine and begin weaving your triumphant tale in the Real Estate world.

🔗 Schedule Your No Obligation Discovery Call Now

Let’s make your next move our best move. ✨ Let’s embark on this informative journey together.

Final thoughts on the value offered by Amar REALTOR^®