San Mateo County - Weekly Market Report: NOV 29 - DEC 5, 2023

Check out this NOV 29 - DEC 5, 2023 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

  • Active Listings & New Listings: With 13 active listings and 2 new listings, Belmont shows a relatively stable market.
  • Sold Properties & Median Sold Price: 5 properties sold recently at a median price of $1,900,000, indicating a high-value market.
  • Market Dynamics: The median days on the market stands at 14, showing a quick turnover, which suggests strong buyer interest.
  • Pending Sales: Only 1 pending sale, potentially due to the quick sales process.

  • Active & New Listings: Burlingame's market is slightly more active with 19 listings and 2 new ones.
  • Sales & Median Price: 3 properties sold at a median of $1,800,000, a bit lower than Belmont, yet still indicating a high-value area.
  • Market Activity: A higher median of 32 days on the market points to a more relaxed pace of sales.
  • Pending Sales: 3 pending sales indicate ongoing market activity.

  • Listings Overview: With 19 active and 7 new listings, Foster City shows more new market activity.
  • Sales Trends: 7 properties sold at a median price of $1,400,000, suggesting a more accessible market compared to Belmont and Burlingame.
  • Market Pace: Median days on the market is 19, balancing between quick and relaxed sales.
  • Pending Sales: 3 pending sales indicate steady market interest.

  • Market Snapshot: 26 active listings but no new or sold properties, indicating a slower market.
  • Median Sold Price: Not applicable as no recent sales have been recorded.
  • Market Characteristics: With no median days on the market or pending sales, this suggests a wait-and-see approach in Hillsborough.

  • Listings & Sales: Limited activity with 6 active listings, no new listings, and 2 sales.
  • High-Value Market: The highest median sold price at $2,989,000, indicating a luxury market.
  • Quick Sales: The fastest median days on market at 7 days.
  • Pending Sales: Only 1, matching the trend of quick turnover.

  • Active Market: Leading with 46 active listings and 7 new ones, Palo Alto shows significant market activity.
  • Sales Volume & Price: 4 sales at a high median of $3,387,500, the highest among all cities, signifying a premium market.
  • Balanced Pace: 15 median days on the market, indicating a healthy demand.
  • Pending Sales: 2 pending sales, suggesting ongoing transactions.

  • Market Status: 30 active listings and 3 new ones show a healthy market.
  • Sales Data: 4 properties sold at a median price of $1,374,000, presenting a more affordable option in the high-value region.
  • Market Speed: 16 median days on the market, indicating a steady pace.
  • Pending Sales: 2 pending, showing continued interest.

  • Most Active Market: The highest number of active (72) and new listings (9).
  • Sales & Median Price: 10 properties sold at the lowest median price of $1,212,500, suggesting a more buyer-friendly market.
  • Market Movement: 19 median days on the market, a balanced pace.
  • Pending Sales: 6 pending sales, indicating a dynamic market.

Overall Trends:

  • High-Value Regions: Belmont, Burlingame, and Palo Alto stand out with their high median sold prices.
  • Market Dynamics: Millbrae and Hillsborough show unique trends, with Millbrae having quick sales but fewer listings, and Hillsborough showing slower activity.
  • Buyer-Friendly Areas: Foster City and San Mateo offer more affordable options with active markets.


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
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(415)828-2961
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ALEX LAU
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(408)207-6113
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