San Mateo, CA Housing Market
Median List Price
$1,198,000
Updated August 2026
Today, San Mateo has 91 homes for sale at a median list price of $1,198,000, typically selling in about 75 days.
San Mateo Market Analysis
Homes in San Mateo, CA carry a median list price of $1.2M. Per square foot, the median stands at $857. The median price moved from $1.4M in February to $1.7M in July, a 24.5% increase over six months.
The typical listing reaches pending status in about 12 days. At that pace, well priced homes attract offers quickly, so buyers should be ready to move. Right now 91 homes are on the market in San Mateo, CA. 44 new listings came on the market in the last 30 days.
Five bedroom homes carry the highest medians at $5.5M, with studio homes starting the range at $465,000. Condos make up about 54.9% of current inventory, with single family homes accounting for another 35.2%. Addresses here fall across the 94401, 94403, 94402, and 94404 ZIP codes.
San Mateo Rental Market
Rentals in San Mateo, CA carry a median asking rent of $4,500. The median rent moved from $3,600 in February to $3,800 in July, a 5.6% increase over six months. Right now 11 rentals are on the market in San Mateo, CA.
San Mateo Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.2 months of supply, yet the typical home takes about 75 days to sell, and 35% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.20M
↑ 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
2.2 months of supply
Tight Supply91 active listings against the current sales pace works out to about 2.2 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 ~75 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 55% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in San Mateo
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 $959K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$1.4M)
Price Reductions
32 listings have reduced their price
35% of active listings
Average reduction: 8.8% (~$105K)
Browse San Mateo Listings
Frequently Asked Questions about the San Mateo, CA Housing Market
What is the median home price in San Mateo, CA?
The median list price in San Mateo is $1,198,000 as of August 2026, based on 91 active listings.
Is San Mateo a buyer's market or a seller's market?
San Mateo currently reads as a balanced market. Active inventory works out to about 2.2 months of supply at the recent sales pace.
How fast do homes sell in San Mateo?
Homes that closed in the last 90 days typically went under contract in about 12 days. The average home currently for sale has been on the market for 75 days.
Are home prices in San Mateo going up or down?
The median sale price in San Mateo is up about 5.2% compared with a year ago.
How many homes are for sale in San Mateo, CA?
There are 91 homes for sale in San Mateo right now, including 16 listed within the last week.
What is the median rent in San Mateo?
The median asking rent in San Mateo is $4,500 per month, across 11 active rental listings.