Peninsula Real Estate Market Trends

Q1 Analysis: Jan-March

2024:

Active Listings: 16*

Avg. List Price: $2,352,126 (↑)

Avg. Sale Price: $2,491,111 (↑)

Closed Sales: 27 (↓)

Avg. Days on Market: 18 (↓)

2023:

Avg. List Price: $2,339,095 (↑)

Avg. Sale Price: $2,302,000 (↓)

Closed Sales: 30 (↓)

Avg. Days on Market: 35 (↑)

2022:

Avg. List Price: $2,326,418

Avg. Sale Price: $2,611,500

Closed Sales: 38

Avg. Days on Market: 16

Key Takeaway:

In Q1 2024, Burlingame's real estate market has seen an increase in average list and sale prices, despite a slight decrease in closed sales. Homes are selling faster compared to the previous year. However, the average sale price remains higher than Q1 2023, indicating a shift in market dynamics.

*Reported on 4/3/2024

Q1 Analysis: Jan-March

2024:

Active Listings: 27*

Avg. List Price: $1,008,586 (↓)

Avg. Sale Price: $1,075,552 (↓)

Closed Sales: 79 (→)

Avg. Days on Market: 31 (↑)

2023:

Avg. List Price: $1,025,000 (↓)

Avg. Sale Price: $1,100,000 (↓)

Closed Sales: 79 (↓)

Avg. Days on Market: 17 (↓)

2022:

Avg. List Price: $1,021,020

Avg. Sale Price: $1,151,975

Closed Sales: 118

Avg. Days on Market: 19

Key Takeaway:

In Q1 2024, Daly City's real estate market has experienced a decrease in average list and sale prices compared to Q1 2023. The number of closed sales remained stable, and homes are staying on the market for a slightly longer period. However, there has been a significant increase in average days on the market compared to Q1 2022, indicating a shift in market dynamics.

*Reported on 4/3/2024

Q1 Analysis: Jan-March

2024:

Active Listings: 16*

Avg. List Price: $1,480,892 (↓)

Avg. Sale Price: $1,522,646 (↓)

Closed Sales: 23 (↓)

Avg. Days on Market: 24 (↑)

2023:

Avg. List Price: $1,904,297 (↑)

Avg. Sale Price: $1,923,903 (↑)

Closed Sales: 32 (↓)

Avg. Days on Market: 19 (→)

2022:

Avg. List Price: $1,478,022

Avg. Sale Price: $1,663,462

Closed Sales: 45

Avg. Days on Market: 19

Key Takeaway:

In Q1 2024, Foster City's real estate market has experienced a decrease in average list and sale prices compared to Q1 2023. The number of closed sales also decreased, and homes are staying on the market for a slightly longer period. Compared to Q1 2022, there is a significant decrease in average sale price and closed sales, indicating a shift in market dynamics.

*Reported on 4/3/2024

Q1 Analysis: Jan-March

2024:

Active Listings: 37*

Avg. List Price: $4,017,214 (↓)

Avg. Sale Price: $4,206,129 (↓)

Closed Sales: 42 (↑)

Avg. Days on Market: 14 (↓)

2023:

Avg. List Price: $4,479,103 (↑)

Avg. Sale Price: $4,361,818 (↓)

Closed Sales: 39 (↓)

Avg. Days on Market: 32 (↑)

2022:

Avg. List Price: $3,396,919

Avg. Sale Price: $3,864,953

Closed Sales: 53

Avg. Days on Market: 15

Key Takeaway:

In Q1 2024, Los Altos' real estate market has experienced a decrease in both average list and sale prices compared to Q1 2023. However, there has been an increase in the number of closed sales, indicating a more active market. Homes are also staying on the market for a shorter period. Compared to Q1 2022, there is an increase in both average list and sale prices, indicating change in market dynamics.

*Reported on 4/3/2024

Q1 Analysis: Jan-March

2024:

Active Listings: 10*

Avg. List Price: $1,638,723 (↓)

Avg. Sale Price: $1,767,795 (↑)

Closed Sales: 23 (↑)

Avg. Days on Market: 23 (↓)

2023:

Avg. List Price: $1,713,089 (↓)

Avg. Sale Price: $1,716,300 (↓)

Closed Sales: 20 (↓)

Avg. Days on Market: 43 (↑)

2022:

Avg. List Price: $1,902,287

Avg. Sale Price: $2,082,922

Closed Sales: 24

Avg. Days on Market: 23

Key Takeaway:

In Q1 2024, Millbrae's real estate market has experienced a decrease in average list price and an increase in average sale price compared to Q1 2023. The number of closed sales has also increased, and homes are staying on the market for a shorter period. Compared to Q1 2022, there is a decrease in both average list and sale prices, indicating a shift in market dynamics.

*Reported on 4/3/2024

Q1 Analysis: Jan-March

2024:

Active Listings: 47*

Avg. List Price: $3,136,656 (↓)

Avg. Sale Price: $3,275,189 (↓)

Closed Sales: 76 (↑)

Avg. Days on Market: 24 (↓)

2023:

Avg. List Price: $3,455,866 (↓)

Avg. Sale Price: $3,436,443 (↓)

Closed Sales: 61 (↓)

Avg. Days on Market: 30 (↑)

2022:

Avg. List Price: $3,493,860

Avg. Sale Price: $3,839,932

Closed Sales: 95

Avg. Days on Market: 21

Key Takeaway:

In Q1 2024, Palo Alto's real estate market has experienced a decrease in both average list price and average sale price compared to Q1 2023. However, there has been an increase in the number of closed sales, indicating a potentially more active market. Homes are also staying on the market for a shorter period. Compared to Q1 2022, there is a decrease in both average list and sale prices, suggesting a shift in market dynamics.

*Reported on 4/3/2024

Q1 Analysis: Jan-March

2024:

Active Listings: 17*

Avg. List Price: $2,130,093 (↑)

Avg. Sale Price: $2,198,345 (↑)

Closed Sales: 51 (↑)

Avg. Days on Market: 25 (↓)

2023:

Avg. List Price: $2,067,772 (↓)

Avg. Sale Price: $2,050,331 (↓)

Closed Sales: 48 (↓)

Avg. Days on Market: 30 (↑)

2022:

Avg. List Price: $2,304,547

Avg. Sale Price: $2,570,815

Closed Sales: 58

Avg. Days on Market: 11

Key Takeaway:

In Q1 2024, San Carlos's real estate market has experienced an increase in average list and sale prices, as well as in the number of closed sales, compared to Q1 2023. Homes are also staying on the market for a shorter period. Compared to Q1 2022, there is a decrease in both average list and sale prices, indicating a shift in market dynamics.

*Reported on 4/3/2024

Q1 Analysis: Jan-March

2024:

Active Listings: 76*

Avg. List Price: $1,609,077 (↑)

Avg. Sale Price: $1,684,765 (↑)

Closed Sales: 114 (↓)

Avg. Days on Market: 41 (↑)

2023:

Avg. List Price: $1,501,134 (↑)

Avg. Sale Price: $1,499,592 (↓)

Closed Sales: 123 (↓)

Avg. Days on Market: 34 (↑)

2022:

Avg. List Price: $1,451,768

Avg. Sale Price: $1,645,431

Closed Sales: 181

Avg. Days on Market: 20

Key Takeaway:

In Q1 2024, San Mateo's real estate market has experienced an increase in average list and sale prices, compared to Q1 2023. However, there is a decrease in the number of closed sales. Homes are staying on the market for a longer period compared to Q1 2022, indicating a shift in market dynamics.

*Reported on 4/3/2024