21 homes in near Margaret J. Kemp
Homes for Sale near Margaret J. Kemp
San Mateo, CA
About Homes near Margaret J. Kemp
These are homes for sale within about 2 miles of Margaret J. Kemp in San Mateo. The area around the school has 21 active listings.
Margaret J. Kemp Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.1 months of supply, and sale prices are up 4% over the last six months and 5% over the past year. At the same time, 38% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1.80M
↑ 5% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.1 months of supply
Tight Supply21 active listings against the current sales pace works out to about 2.1 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~39 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 26% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 57% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Margaret J. Kemp Area
Homeownership is near the state average, with a balanced mix of owners and renters.
51%
Homeowners
49%
Renters
Homeownership is 4.5 points lower than the California average (55.5%)
39,760 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $1.0M in value on average.
Price Reductions
8 listings have reduced their price
38% of active listings
Average reduction: 6.3% (~$113K)
Margaret J. Kemp Area Market Overview
Margaret J. Kemp serves students at the high level within the San Mateo County Office of Education. The homes shown here are near Margaret J. Kemp rather than confirmed within an attendance zone, so verify enrollment eligibility with the district. The median list price in the Margaret J. Kemp area is $1.8M. That runs roughly 44.2% higher than San Mateo as a whole. Current inventory stands at 21 active listings. February to July saw the median price go from $2.1M to $2.5M, up about 14.0%.
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Frequently Asked Questions about Homes near Margaret J. Kemp
How many homes are for sale in Margaret J. Kemp Area, CA?
There are currently 21 homes for sale in Margaret J. Kemp Area, ranging from $549,000 to $3,638,000. 3 of them hit the market within the last week.
What is the median home price in Margaret J. Kemp Area?
The median list price in Margaret J. Kemp Area is $1,800,000. Price per square foot averages $1054. Prices are up 5.4% compared to a year ago.
How fast do homes sell in Margaret J. Kemp Area?
Homes in Margaret J. Kemp Area currently average 39 days on the market, a steady pace.
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