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
Happy Pi Day
Happy Pi Day! The annual celebration, held every March 14, is your chance to pay tribute to the most famous constant in math and physics. Pi Day is celebrated in countries that follow the month/day (m/dd) date format, because the digits in the date, March 14 or 3/14,...
Happy Mardi Gras!
Looking for an excuse to play? Tomorrow is Mardi Gras! Put on some Mardi Gras tunes and have some fun! Gambit Weekly, a New Orleans newspaper, has compiled a great playlist to help you celebrate. Play it on Spotify. Watch the biggest Fat Tuesday parades—Zulu and...
Park of the Month – Huddart Park
Just a mile off of 280 Huddart Park is a hidden gem amongst San Mateo County Parks. About Huddart Park Huddart Park affords over 900 acres of coastal mountain environment for a variety of activities. Many miles of trails afford even the experienced hiker many hours of...
Recent Comments