San Mateo County Housing Market Trends – May 2023

Average Price: May 2023

Average Price: May 2023 vs May 2022 (YoY)

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

* Single Family Homes Average sold price decreased to -$401,996 and overall, -15% Depreciation Year-over-Year.

* Townhome/CONDO’s Average sold price decreased to -$18,840 and overall, –2% Depreciation Year-over-Year.

Average Price: May 2023 vs April 2023 (MoM)

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

* Single Family Homes Average sold price decreased to -$146,674 and overall, -6% Depreciation Month-over-Month.

* Townhome/CONDO’s Average sold price increased to $68,259 and overall, 7% Appreciation Month-over-Month.

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

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

* Single Family Homes Average sold price increased to $99,435 and overall, 5% Appreciation Year to Date.

* Townhome/CONDO’s Average sold price increased to $114,544 and overall, 12% Appreciation Year to Date.

Listings Activity: May 2023

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

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

* Single Family Homes NEW Listings were down by -193 and overall, -34% change Year-over-Year.

* Townhome/CONDO’s NEW Listings were down by -54 and overall, -29% change Year-over-Year.

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

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

* Single Family Homes SOLD Homes were down by -225 and overall, -50% change Year-over-Year.

* Townhome/CONDO’s SOLD Homes were down by -97 and overall, -58% change Year-over-Year.

NEW Listings Activity: May 2023 vs. April 2023 (MoM)

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

* Single Family Homes NEW Listings were up by 43 and overall, 13% change Month-over-Month.

* Townhome/CONDO’s NEW Listings were up by 43 and overall, 48% change Month-over-Month.

SOLD Homes Activity: May 2023 vs. April 2022 (MoM)

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

* Single Family Homes SOLD Homes were down by -28 and overall, -11% change Month-over-Month.

* Townhome/CONDO’s SOLD Homes were down by -32 and overall, -31% change Month-over-Month.

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

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

* Single Family Homes NEW Listings were up by 154 and overall, 68% change Year to Date.

* Townhome/CONDO’s NEW Listings were up by 36 and overall, 38% change Year to Date.

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

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

* Single Family Homes SOLD Homes were up by 67 and overall, 42% change Year to Date.

* Townhome/CONDO’s SOLD Homes were up by 23 and overall, 49% 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   

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

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

San Mateo County Housing Market Trends – Monthly

2023: January    February    March   April    May