San Mateo County Housing Market Trends – December 2023

Average Price: December 2023

Average Price: December 2023 vs December 2022 (YoY)

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

* Single Family Homes Average sold price increased to $263,070 and overall, 13% Appreciation Year-over-Year.

* Townhome/CONDO’s Average sold price decreased to -$12,691 and overall, -1% Depreciation Year-over-Year.

Average Price: December 2023 vs November 2023 (MoM)

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

* Single Family Homes Average sold price decreased to -$1,656 and overall, 0.07% Depreciation Month-over-Month.

* Townhome/CONDO’s Average sold price decreased to -$124,503 and overall, -12% Depreciation Month-over-Month.

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

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

* Single Family Homes Average sold price increased to $74,622 and overall, 3% Appreciation Year to Date.

* Townhome/CONDO’s Average sold price decreased to -$39,094 and overall, -4% Depreciation Year to Date.

Listings Activity: December 2023

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

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

* Single Family Homes NEW Listings were down by -40 and overall, -32% change Year-over-Year.

* Townhome/CONDO’s NEW Listings were down by -3 and overall, -8% change Year-over-Year.

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

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

* Single Family Homes SOLD Homes were up by 5 and overall, 2% change Year-over-Year.

* Townhome/CONDO’s SOLD Homes were up by 5 and overall, 8% change Year-over-Year.

NEW Listings Activity: December 2023 vs. November 2023 (MoM)

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

* Single Family Homes NEW Listings were down by -117 and overall, -58% change Month-over-Month.

* Townhome/CONDO’s NEW Listings were down by -37 and overall, -52% change Month-over-Month.

SOLD Homes Activity: December 2023 vs. November 2022 (MoM)

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

* Single Family Homes SOLD Homes were down by -31 and overall, -11% change Month-over-Month.

* Townhome/CONDO’s SOLD Homes were down by -5 and overall, -7% change Month-over-Month.

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

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

* Single Family Homes NEW Listings were down by -141 and overall, -63% change Year to Date.

* Townhome/CONDO’s NEW Listings were down by -62 and overall, -65% change Year to Date.

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

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

* Single Family Homes SOLD Homes were up by 93 and overall, 58% change Year to Date.

* Townhome/CONDO’s SOLD Homes were up by 17 and overall, 36% change Year to Date.

Resources: MLS Listings Inc

https://www.mlslistings.com/media-center/interactive-market-snapshots/

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