San Mateo County October Real Estate Overview

October played out much like the previous months for activity in San Mateo County real estate. Although, there were some clear variations. At the same time, the upward trend in single family, resale home sales carried over well into October. In fact, a San Mateo County October real estate overview will show a jump in sales over the previous month. And, it will even show a jump in year-over-year (YoY) sales. Also up were number of sales, and pending sales. Sales price vs. list price ratio was up slightly over the previous month. You can have a look at a detailed break down for October, below, courtesy of 5 Star real estate agent, Carmen Miranda.

San Mateo County October Real Estate Overview and Trends

Trends At-a-Glance for San Mateo County
Trends At a Glance Oct 2020 Previous Month Year-over-Year
Median Price $1,675,500 (-4.3%) $1,750,000 $1,556,500 (+7.6%)
Average Price $2,076,900 (-6.0%) $2,208,520 $1,953,810 (+6.3%)
No. of Sales 486 (+15.4%) 421 380 (+27.9%)
Pending 496 (+0.6%) 493 311 (+59.5%)
Active 543 (-4.1%) 566 605 (-10.2%)
Sale vs. List Price 103.4 (+1.0%) 102.4 103.8 (-0.4%)
Days on Market 21 (-15.2%) 25 22 (-4.4%)
Days of Inventory 34 (-14.0%) 39 48 (-29.8%)
Market Barometer
San Mateo County October Real Estate Overview
Prices and Sales
San Mateo County October Real Estate Overview
Days of Inventory
Sales Year-to-Date
Sale Price/List Price Ratio

Market Overview

Sales of single-family, re-sale homes in San Mateo County were up for the fourth month in a row, year-over-year, in October. They rose 27.9%. There were 486 homes sold in San Mateo County last month. The average since 2000 is 398.

Year-to-date, home sales are down 5.2%.

Although continuing to back off the high set in August, the median sales price for single-family, re-sale homes was up, year-over-year, by 7.6%. And, the average price also backed off the high set in August. It was up 6.3% year-over-year.

Inventory of single-family, re-sale homes was down for the second month in a row, falling 8.9% compared to last year. As of November 5th, there were 543 homes for sale in San Mateo County. The average since January 2000 is 1,287.

The sales price to list price ratio rose to 103.4% from 102.4%.

It took twenty-one days, on average, to sell a home last month. That is the time from when a home is listed to when it goes into contract.

If you are planning on selling your property, call me for a free comparative market analysis.