94403 Housing Market
Median List Price
$1,249,999
Updated August 2026
Today, the 94403 ZIP code in San Mateo, CA has 27 homes for sale at a median list price of $1,249,999, typically selling in about 47 days.
94403 Housing Market Overview
The 94403 ZIP code currently shows a median list price of $1.2M. That tracks closely with San Mateo as a whole. There are 27 homes currently listed for sale in the 94403 ZIP code.
One bedroom homes are the most affordable tier at a median of $550,000, while four bedroom homes top the range at $2.8M. Over the last six months, the median price has risen about 15.0%, from $1.5M in February to $1.8M in July.
94403 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 1.9 months of supply, and sale prices are up 17% over the last six months, though still 14% below a year ago. At the same time, 37% 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
$1.25M
↓ 14% 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
1.9 months of supply
Tight Supply27 active listings against the current sales pace works out to about 1.9 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 ~47 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 57% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 56% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 94403 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
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $400K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$1.2M)
Price Reductions
10 listings have reduced their price
37% of active listings
Average reduction: 8.2% (~$102K)
Browse 94403 Listings
Frequently Asked Questions about the 94403 Housing Market
What is the median home price in the 94403 ZIP code?
The median list price in the 94403 ZIP code is $1,249,999 as of August 2026, based on 27 active listings.
Is the 94403 ZIP code a buyer's market or a seller's market?
The 94403 ZIP code currently reads as a balanced market. Active inventory works out to about 1.9 months of supply at the recent sales pace.
How fast do homes sell in the 94403 ZIP code?
The average home currently for sale in the 94403 ZIP code has been on the market for 47 days.
Are home prices in the 94403 ZIP code going up or down?
The median sale price in the 94403 ZIP code is down about 13.7% compared with a year ago.
How many homes are for sale in the 94403 ZIP code?
There are 27 homes for sale in the 94403 ZIP code right now, including 4 listed within the last week.