San Carlos Real Estate Market Update - June 2024

San Carlos, known for its friendly neighborhoods and strong community feel, continues to attract homebuyers seeking suburban comfort with urban convenience. As of May 2024, San Carlos’ real estate market shows an active number of 18 listings for single-family homes and 16 active listings for townhouses and condos. Homes are selling quickly, with single-family homes averaging 12 days on the market and townhouses/condos averaging 21 days. This quick turnover highlights this city's strong demand for properties, driven by its desirable living conditions and strategic location. The rapid pace of sales indicates a competitive market where buyers must act swiftly to secure homes.

The months of inventory in San Carlos is at 0.7 months for single-family homes and 2.7 months for townhouses and condos, indicating a competitive seller’s market for single-family homes with high demand and relatively limited supply. These inventory levels suggest that there are not enough homes to meet the robust buyer interest, putting upward pressure on prices. The price per square foot in San Carlos stands at $1,296 for single-family homes and $934 for townhouses and condos, reflecting stable and high property values. The city’s blend of suburban charm and urban amenities makes it an attractive location for homebuyers, contributing to the strong demand and competitive pricing.

The median sale price in San Carlos is $2,400,000 for single-family homes and $940,000 for townhouses and condos, showcasing the ongoing demand and competitive nature of the market. These significant median prices reflect the desirability of San Carlos as a residential destination, where the combination of economic opportunities, excellent schools, and a vibrant community life creates a strong market. As we move into 2024, these trends are expected to continue, reinforcing San Carlos’ position as a key residential area in the region. The continued influx of homebuyers, coupled with the city’s robust economic base, will likely sustain high property values and competitive sales across all types of residential real estate.