San Mateo County - Weekly Market Report: JAN 17 - 23, 2024

Check out this JAN 17 - 23, 2024 Get the best insights on when to place a plan for your new home with this weekly market guide in San Mateo Country.

📍 Belmont 📍 Burlingame 📍 Foster City 📍 Hillsborough
📍 Millbrae 📍 Palo Alto 📍 San Carlos 📍 San Mateo

Belmont's real estate market is currently active with 8 active listings. There have been 2 new listings recently, indicating a steady flow of new properties. The median sold price in Belmont stands at $1,400,000, making it an attractive option for those seeking relatively affordable homes.

Homes in Belmont tend to spend 23 days on the market, which is a moderate duration. There is 1 pending sale, reflecting some buyer interest. No recent price changes suggest stability in pricing.

Burlingame's real estate market offers 9 active listings, providing options for potential buyers. With 3 new listings, the market is seeing a steady influx of properties. The median sold price in Burlingame is relatively high at $2,476,250, positioning it as a high-end market.

Properties in Burlingame tend to sell quickly, with a median of just 16 days on the market. There are 2 pending sales, indicating ongoing buyer demand. No recent price changes suggest a stable pricing environment.

Foster City's real estate market is characterized by 14 active listings, offering a reasonable selection. There have been 3 new listings introduced recently. The median sold price is $1,599,000, making it an attractive option for buyers looking for a moderately priced market.

Homes in Foster City sell rapidly, with a median of just 6 days on the market. The city has 2 pending sales, indicating buyer interest. No recent price changes suggest pricing stability.

Hillsborough's real estate market is unique with 21 active listings. With 4 new listings, there's a steady supply of properties. The median sold price is notably high at $6,156,500, catering to luxury buyers.

Properties in Hillsborough tend to stay on the market for an extended period, with a median of 68 days. Currently, there are no pending sales, and no recent price changes indicate a potentially slower market.

Millbrae's real estate market presents 7 active listings, offering limited options. There have been 3 new listings introduced recently. The median sold price is $1,600,000, making it a moderately priced market.

Homes in Millbrae sell quickly, with a median of just 8 days on the market. There are 3 pending sales, indicating ongoing buyer demand. No recent price changes suggest pricing stability.

Palo Alto's real estate market is bustling with 25 active listings. There are 7 new listings, showcasing a robust market. The median sold price is $2,631,250, positioning it as a high-end market.

Properties in Palo Alto tend to sell quickly, with a median of just 16 days on the market. The city has 7 pending sales, indicating strong buyer interest. No recent price changes suggest a stable pricing environment.

San Carlos' real estate market offers 22 active listings, providing options for potential buyers. There have been 7 new listings recently, showing a steady influx of properties. The median sold price is $2,715,000, making it a high-end market.

Homes in San Carlos tend to stay on the market for an extended period, with a median of 60 days. The city has 3 pending sales, indicating buyer interest. No recent price changes suggest pricing stability.

San Mateo's real estate market is quite active, with 57 active listings. There have been 13 new listings introduced recently, highlighting a robust market. The median sold price is $2,675,000, positioning it as a high-end market.

Properties in San Mateo tend to sell quickly, with a median of just 11 days on the market. There are 12 pending sales, indicating strong buyer demand. No recent price changes suggest a stable pricing environment.

Overall Analysis:

Across these cities in San Mateo County, the real estate market offers a diverse range of options for buyers. While some cities cater to luxury buyers with high median sold prices like Hillsborough and Palo Alto, others provide more moderately priced homes like Foster City and Belmont. Rapid sales are a common trend in most cities, with varying levels of inventory and buyer interest. Overall, the market appears to be active and stable, making it an exciting time for both buyers and sellers.


Want more professional advice on buying houses or listing your home in San Francisco Bay Area? 
Contact Tracy Tang Team for more exclusive info:

TRACY TANG
DRE# 01956297
(415)828-2961
[email protected]   
ALEX LAU
DRE# 01979954
(408)207-6113
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