Month-over-Month Changes

In December 2023, the San Mateo real estate market experienced some shifts compared to November 2023:

  • Homes Sold: There was a slight decrease in homes sold, with 33 homes sold in December 2023, down 3% from 34 sales in November 2023.
  • Median Sale Price: The median sale price remained stable with no significant change from the previous month.
  • Days on Market (DOM): The average DOM increased to 15 days in December, up from 14 days in November 2023.
  • Percentage of List Price Received: Sellers received an average of 103% of their asking price, a slight increase from 102% in November 2023.


The San Mateo market in December 2023 showed a marginal decrease in the number of homes sold and a slight increase in DOM, indicating a subtle cooling. However, the stable median sale price and increased percentage of list price received suggest continued strong market conditions.

Year-over-Year Comparison

Comparing December 2023 to December 2022, the San Mateo market showed the following changes:

  • Homes Sold: Increased by 6%, from 31 homes in December 2022 to 33 homes in December 2023.
  • Median Sale Price: Decreased from $1.80M in December 2022 to $1.66M in December 2023.
  • Days on Market: Decreased significantly from 24 days in December 2022 to 15 days in December 2023.
  • Percentage of List Price Received: Increased slightly from 101% in December 2022 to 103% in December 2023.


Year-over-year, there was an increase in the number of homes sold and a decrease in the median days on the market, indicating a more dynamic market. The decrease in median sale price could suggest a slight adjustment in market values or a change in the types of homes sold.

Price Points and Quadrants

The sales data for December 2023 in San Mateo, broken down by quadrants, showed:

  • Top Quadrant: Median Sale Price: $2,625,000; Median DOM: 28; Avg. $/Sq.Ft.: $1,150.
  • Second Quadrant: Median Sale Price: $2,035,000; Median DOM: 11; Avg. $/Sq.Ft.: $1,194.
  • Third Quadrant: Median Sale Price: $1,352,500; Median DOM: 37; Avg. $/Sq.Ft.: $1,169.
  • Bottom Quadrant: Median Sale Price: $1,115,000; Median DOM: 7; Avg. $/Sq.Ft.: $1,050.


The quadrant data reveals a diverse range of activity across different market segments in San Mateo. The top and second quadrants, with higher median sale prices, show a healthy demand, particularly in the second quadrant with a lower median DOM. The third and bottom quadrants, while having lower median sale prices, also show significant activity, indicating a balanced market across various price points.


The San Mateo real estate market in December 2023 demonstrated a slight decrease in the number of homes sold month-over-month but an increase year-over-year. The market remains robust with sellers receiving more than their asking price on average and a decrease in median days on the market compared to the previous year. The quadrant analysis provides insights into the diverse dynamics at play across different market segments, with all quadrants showing significant activity.

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