San Mateo County January 2021 Market

Looking to the first month of the new year, many folks are anxious to see how the real estate market fared, as 2021 kicked off. No less the same, for those with a focus on San Mateo County real estate. And, they can expect more in the positive trends that led up to the new year. At the same time, unique trends, ups and downs colored the month’s data. In fact, San Mateo County January 2021 market activity ended on a high note, overall. Also, analysis of the activity and trends has been completed. As a result, it’s made easily accessible now for review below, courtesy of 5 Star Real Estate Agent, Carmen Miranda.

San Mateo County January 2021 Market Overview

Trends At-a-Glance for San Mateo County
Trends At a Glance Jan 2021 Previous Month Year-over-Year
Median Price $1,570,000 (-7.6%) $1,699,500 $1,410,000 (+11.3%)
Average Price $2,030,640 (-2.4%) $2,080,410 $1,870,620 (+8.6%)
No. of Sales 230 (-41.0%) 390 171 (+34.5%)
Pending 290 (0.0%) 290 184 (+57.6%)
Active 287 (+13.9%) 252 283 (+1.4%)
Sale vs. List Price 103.1 (+1.1%) 102.0 101.8 (+1.3%)
Days on Market 33 (+22.7%) 27 41 (-20.7%)
Days of Inventory 37 (+93.1%) 19 50 (-24.6%)
Market Barometer
San Mateo County January 2021 Market
Prices and Sales
San Mateo County January 2021 market
Days of Inventory
Sales Year-to-Date
Sale Price/List Price Ratio

Market Summary

Up trends marked much of the San Mateo County market performance in January. And, they were spearheaded by strong single family, resale home sales. In fact, these sales soared on an uptrend, for the 7th month in a row. As a result, they were up by 42%.

Sales price of single family, resale homes also showed a steady uptrend. And, the median sales price rose by 11.7%, YoY. At the same time, average sales price followed the trend. It was up 8.3%, YoY. In fact, even the sales price to list price ratio rose to 103.1%, from 102.0%.

Other highlights of San Mateo County January 2021 market performance, included amount of home sales. And, 230, San Mateo County homes for sale sold successfully.

Single family, resale home inventory was also up, in comparison to last year. And, it was up by 15.3%. In fact, as of February 5th, there were 287 homes on the market. The average since January 2000 is 1,287.

It took about 33 days to sell a home in January. And, that’s the time from when a home is listed to when it goes into contract. As a result, if you are planning on selling your property, now may be the best time to start toe process. Give me a call for a free comparative market analysis.