Month-over-Month Changes

In November 2023, the San Mateo real estate market experienced several shifts compared to October 2023:

  • Homes Sold: There was a 21% decrease in homes sold, down from 43 in October to 34 in November.
  • Median Sale Price: The median sale price decreased by 18%, from $2,016,500 in October to $1,662,500 in November.
  • Days on Market (DOM): The DOM increased, rising to 14 days in November from 8 days in October.
  • Percentage of List Price Received: Sellers received 102% of their asking price in November, slightly down from 103% in October.


The month-over-month data indicates a cooling in the market, with fewer homes sold and a significant drop in median sale price. The increase in DOM also suggests a less competitive market for sellers.

Year-over-Year Comparison

Comparing November 2023 to November 2022, we observe the following:

  • Homes Sold: Increased by 13%, from 30 in November 2022 to 34 in November 2023.
  • Median Sale Price: Slightly decreased by 1%, from $1.69M in November 2022 to $1.66M in November 2023.
  • Days on Market: Increased slightly from 13 days in November 2022 to 14 days in November 2023.
  • Percentage of List Price Received: Improved from 100% in November 2022 to 102% in November 2023.
  • Months of Inventory: Decreased significantly from 1.4 in November 2022 to 0.9 in November 2023.


Year-over-year, the market shows a mixed signal with an increase in the number of homes sold but a slight decrease in median sale prices. The increase in DOM and the higher percentage of list price received indicate a balanced market dynamic.

Price Points and Quadrants

The sales details for November 2023 in San Mateo were as follows:

  • Top Quadrant: 9 homes sold, Median Sale Price: $2,890,000, Median DOM: 15, Avg. $/Sq.Ft.: $1,192.
  • Second Quadrant: 9 homes sold, Median Sale Price: $1,835,000, Median DOM: 16, Avg. $/Sq.Ft.: $1,155.
  • Third Quadrant: 8 homes sold, Median Sale Price: $1,557,500, Median DOM: 13, Avg. $/Sq.Ft.: $1,129.
  • Bottom Quadrant: 8 homes sold, Median Sale Price: $1,250,000, Median DOM: 9, Avg. $/Sq.Ft.: $1,066.


The quadrant data reveals that all market segments are active, with the top and second quadrants showing higher median sale prices and longer DOM. This suggests a diverse market with opportunities across various price points.


The San Mateo market in November 2023 showed a decrease in homes sold and median sale price compared to the previous month, indicating a cooling trend. However, the year-over-year comparison shows an increase in sales volume, with a balanced market in terms of pricing. The quadrant data provides insights into the varying dynamics across different market segments, highlighting opportunities for both buyers and sellers.

Data provided by MLS Listings and is deemed reliable but not guaranteed.