San Mateo County Housing Market Trends – September 2023

Average Price: September 2023

Average Price: September 2023 vs September 2022 (YoY)

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

* Single Family Homes Average sold price increased to $82,598 and overall, 4% Appreciation Year-over-Year.

* Townhome/CONDO’s Average sold price decreased to -$25,866 and overall, -3% Depreciation Year-over-Year.

Average Price: September 2023 vs August 2023 (MoM)

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

* Single Family Homes Average sold price decreased to -$147,423 and overall, -6% Depreciation  Month-over-Month.

* Townhome/CONDO’s Average sold price decreased to -$93,989 and overall, -9% Depreciation Month-over-Month.

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

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

* Single Family Homes Average sold price increased to $218,839 and overall, 10% Appreciation Year to Date.

* Townhome/CONDO’s Average sold price increased to $17,033 and overall, 2% Appreciation Year to Date.

Listings Activity: September 2023

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

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

* Single Family Homes NEW Listings were up by 25 and overall, 5% change Year-over-Year.

* Townhome/CONDO’s NEW Listings were down by -17 and overall, -11% change Year-over-Year.

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

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

* Single Family Homes SOLD Homes were down by -63 and overall, -17% change Year-over-Year.

* Townhome/CONDO’s SOLD Homes were down by -13 and overall, -13% change Year-over-Year.

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

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

* Single Family Homes NEW Listings were up by 90 and overall, 22% change Month-over-Month.

* Townhome/CONDO’s NEW Listings were up by 13 and overall, 10% change Month-over-Month.

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

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

* Single Family Homes SOLD Homes were down by -15 and overall, -5% change Month-over-Month.

* Townhome/CONDO’s SOLD Homes were down by -7 and overall, -8% change Month-over-Month.

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

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

* Single Family Homes NEW Listings were up by 272 and overall, 121% change Year to Date.

* Townhome/CONDO’s NEW Listings were up by 43 and overall, 45% change Year to Date.

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

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

* Single Family Homes SOLD Homes were up by 145 and overall, 91% change Year to Date.

* Townhome/CONDO’s SOLD Homes were up by 39 and overall, 83% 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   June    July   August    September

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   June    July   August    September