San Mateo County - Q4 2024 Market Overview:

In Q4 2024, San Mateo County's real estate market experienced a typical seasonal slowdown as inventory levels fell sharply to approximately 327 active listings by the end of December, signaling reduced seller participation. Sold listings followed this trend, declining to around 340 properties, reflecting softer buyer demand. Median sales prices dropped to around $1.5 million. The average days on market increased to 40 days, suggesting properties were taking longer to sell. The average price per square foot fell to $1,050, reflecting dropping property values amidst slower market activity. These trends highlight the seasonal cooling of the market and a subdued pace heading into the new year.