The Peninsula real estate market saw growth across nearly all market indicators in January compared to last year. Santa Clara County’s closed sales were up 46%, and San Mateo’s were up 35%.
Both San Mateo County and Santa Clara County had an increase in median sale price over January 2020. For the first time ever in January, sales volume for single-family homes in Santa Clara county topped $1 billion, a 64% increase over the prior year. San Mateo was up by 46%.
And, the days on the market (DOM) trend was broken this year. In January, homes came off the market in 18 days or less. Santa Clara’s median DOM dropped to 9 days in January.
Market Snapshot – January 2021 vs. January 2020
San Mateo Single-Family Homes
Inventory up 28%
New listings up 33%
Closed sales up 35%
Days on the market down 33%
Median price up 13%
San Mateo Condos/Townhouses
Inventory up 95%
New listings up 52%
Closed sales up 24%
Days on the market up 9%
Median price down -1%
Santa Clara Single-Family Homes
Inventory up 26%
New listings up 33%
Closed sales up 46%
Days on the market down -57%
Median price up 15%
Santa Clara Condos/Townhouses
Inventory up 73%
New listings up 46%
Closed sales up 29%
Days on the market down -31%
Median price up 7%
More Helpful Articles
Join San Francisco’s Biggest Run Party!
Happy Bay to Breakers! If you were in San Francisco this past weekend, you may have seen giant herds of runners in fun costumes or tied together with a bungee cord. Though some of the costumes might be regular San Francisco wackiness, a lot of it came from San...
Safe Gardening
Summer is finally here! As temperatures continue to rise in the Bay Area, it is the perfect time to enjoy the outdoors and begin summer gardening projects. It is important to know, however, that you may be close to underground utility lines connecting to your home,...
Happy Mother’s Day!
This year, Mothers Day is returning this Sunday, May 12, and there is no shortage of local events and activities to honor mothers and mother figures in the Bay Area. Whether you are excited for a special brunch, city-wide event, or family friendly activity, the Bay...
Recent Comments