94401 Housing Market
Median List Price
$944,500
Updated August 2026
Today, the 94401 ZIP code in San Mateo, CA has 32 homes for sale at a median list price of $944,500, typically selling in about 77 days.
94401 Housing Market Overview
The median list price in the 94401 ZIP code is $944,500. Compared with San Mateo overall, that is a 24.4% discount. Current inventory stands at 32 active listings.
Expect a median around $542,000 for one bedroom homes and $1.8M at the four bedroom end. February to July saw the median price go from $1.3M to $1.2M, down about 5.5%.
94401 Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.9 months of supply, yet the typical home takes about 77 days to sell, and 38% 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
$945K
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.9 months of supply
Tight Supply32 active listings against the current sales pace works out to about 2.9 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 ~77 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 59% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 94401 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 $419K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$580K)
Price Reductions
12 listings have reduced their price
38% of active listings
Average reduction: 8.0% (~$76K)
Browse 94401 Listings
Frequently Asked Questions about the 94401 Housing Market
What is the median home price in the 94401 ZIP code?
The median list price in the 94401 ZIP code is $944,500 as of August 2026, based on 32 active listings.
Is the 94401 ZIP code a buyer's market or a seller's market?
The 94401 ZIP code currently reads as a buyer's market. Active inventory works out to about 2.9 months of supply at the recent sales pace.
How fast do homes sell in the 94401 ZIP code?
The average home currently for sale in the 94401 ZIP code has been on the market for 77 days.
How many homes are for sale in the 94401 ZIP code?
There are 32 homes for sale in the 94401 ZIP code right now, including 4 listed within the last week.