25 homes in near Gateway Center
Homes for Sale near Gateway Center
San Mateo, CA
About Homes near Gateway Center
These are homes for sale within about 2 miles of Gateway Center in San Mateo. The area around the school has 27 active listings.
Gateway Center Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 1.9 months of supply, yet sale prices have eased 6% over the last six months and are 1% below a year ago, and 37% 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
$1.80M
↓ 1% 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 ~37 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 36% faster than six months ago.
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 Gateway Center 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 rise significantly with each additional bedroom.
Each additional bedroom adds about $949K in value on average.
Price Reductions
10 listings have reduced their price
37% of active listings
Average reduction: 6.0% (~$109K)
Gateway Center Area Market Overview
Gateway Center serves students at the high level within the San Mateo County Office of Education. Buyers in the Gateway Center area are looking at a median list price of $1.8M. That runs roughly 50.3% higher than San Mateo as a whole. Since February, the median price has moved up about 6.3% to $2.3M as of July. The Gateway Center area has 27 active listings on the market right now. Homes here sit near the school. An attendance boundary is not mapped for this campus, so check enrollment eligibility with the district.
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Frequently Asked Questions about Homes near Gateway Center
How many homes are for sale in Gateway Center Area, CA?
There are currently 27 homes for sale in Gateway Center Area, ranging from $549,000 to $3,638,000. 5 of them hit the market within the last week.
What is the median home price in Gateway Center Area?
The median list price in Gateway Center Area is $1,800,000. Price per square foot averages $1054. Prices are down 1.4% compared to a year ago.
How fast do homes sell in Gateway Center Area?
Homes in Gateway Center Area currently average 37 days on the market, a steady pace.