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Featured local agent — San Mateo, CA
Sarah Mitchell
Compass Real Estate · San Mateo, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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San Mateo, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.80Mmedian sale price
How is the San Mateo, CA housing market right now?
The median home sale price in San Mateo, CA is $1.80M, up 2.1% year-over-year. Homes sell in an average of 14 days with 117 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is San Mateo a buyer's or seller's market?
San Mateo, CA is currently a strong seller's market, based on 1.3 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
88
Last 12 weeks
Days on market
14
Fast-moving
Active listings
117
1.3 months supply
Sale-to-list
106.8%
Above asking
What does the San Mateo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.80M |
| Median list price | $1.65M |
| Year-over-year price change | +2.1% |
| Average days on market | 14 days |
| Active inventory | 117 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 106.8% |
| Median price per sq ft | $1,172/sq ft |
| Homes sold (latest month) | 88 |
| New listings (latest month) | 97 |
| Listings with a price cut | 22.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in San Mateo by property type?
How the San Mateo, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $2.11M | $1,318/sq ft | 56 | 12 days |
| Condo / Co-op | $854,000 | $773/sq ft | 20 | 24 days |
| Townhouse | $1.39M | $869/sq ft | 8 | 22 days |
Source: Redfin · Updated monthly
The San Mateo housing market is currently classified as a strong seller's market with a median sale price of $1.80M. Prices have risen 2.1% compared to last year, with homes spending an average of 14 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 11.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in San Mateo
There are currently 117 homes listed for sale in San Mateo, California. The median listing price is $1.6M.
Active listings
117
Homes on market
Median list price
$1.6M
Avg. days on market
14
Days until sale
New this week
97
Newly listed
Who lives in San Mateo?
Population
103,555
Median income
$152,669/yr
Median age
38 years
Owner-occupied
50.8%
College grads
57.6%
Avg commute
27.1 min
Source: U.S. Census Bureau ACS
What are homes worth in San Mateo?
Zillow home value
$1.70M
Zillow rent index
$3,573/mo
Price-to-rent ratio
39.6x
Price-to-income
11.1x
Source: Zillow Research
What is it like to live in San Mateo?
San Mateo is a community of approximately 104K residents with a median age of 38 years.The median household income is $152,669, which reflects a relatively affluent area with strong earning potential. 57.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 50.8%, showing a blend of owner and renter-occupied properties. The average commute time is 27.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, San Mateo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve San Mateo?
19 schools tracked · 12,041 students
The largest public schools serving San Mateo, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Aragon High
Grades 9-12 · 1,686 students
Hillsdale High
Grades 9-12 · 1,581 students
San Mateo High
Grades 9-12 · 1,578 students
Borel Middle
Grades 6-8 · 934 students
Bayside Academy
Grades K-8 · 855 students
Abbott Middle
Grades 6-8 · 698 students
Baywood Elementary
Grades K-5 · 501 students
Laurel Elementary
Grades K-5 · 475 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near San Mateo, CA?
Want a head-to-head view? Compare San Mateo side-by-side with any other U.S. city using our market-comparison tool.
Is San Mateo a good real estate investment market?
For investors evaluating San Mateo, the price-to-rent ratio of 39.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on San Mateo's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using San Mateo's median home price.
Frequently asked questions
What is the average home price in San Mateo?
The median home sale price in San Mateo is $1.80M, up 2.1% from last year.
How long do homes stay on market in San Mateo?
Homes typically spend 14 days on market before going under contract.
What is the median income in San Mateo?
The median household income is $152,669 per year.
Is San Mateo a buyer's or seller's market?
With 1.3 months of supply, San Mateo is currently a strong seller's market.
What is the Zillow home value estimate for San Mateo?
The Zillow Home Value Index (ZHVI) for San Mateo is $1.70M, representing the typical home value in the area.
What is the median condo price in San Mateo?
The median condo/co-op sale price in San Mateo, CA is $854,000, compared to $2.11M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in San Mateo?
The median single-family home price in San Mateo, CA is $2.11M (about $1,318 per square foot).
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