About San Mateo
The City of San Mateo is in the heart of
San Mateo County and is bordered by the cities of
Burlingame,
Foster City,
Belmont, and
Hillsborough. Its location is ideal for commuters working in
San Jose or other cities in northern
Santa Clara County. San Mateo rentals are popular and worth checking out for any San Mateo County commuter. This is not to say that jobs in San Mateo are scarce, in fact, this city takes great pride in also being a top destination for Bay Area business. Because of its proximity and accessibility to San Jose, the East Bay, San Francisco, and much of Silicon Valley, a lot of business is conducted in San Mateo, especially its convention center Lifemark Center at Skylawn. San Mateo also delivers a high quality of life to its residents by providing excellent schools, convenient shopping outlets, great neighborhoods and much more.
Find an Agent to help you find your ideal San Mateo home, or enhance your San Mateo real estate search yourself by searching the city’s
94401,
94402,
94403, and
94404 zip codes.
REAL ESTATE MARKET STATISTICS
Location: San Mateo
Geography Type: City
Data Period: Feb 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $2,124,500 (5.4% YoY)
Average Sale Price: $2,140,989
Active Listings: 29
New Listings: 40
Pending Sales: 25
Closed Sales: 32
Median Days on Market: 8 days
Average Days on Market: 26 days
Median Price/SqFt: $1,277
Average Price/SqFt: $1,284
Sale-to-List Ratio: 109%
Months of Inventory: 0.9
Total Sale Volume: $68,511,666
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $840,000
Average Sale Price: $930,294
Active Listings: 67
New Listings: 47
Pending Sales: 16
Closed Sales: 17
Median Days on Market: 17 days
Average Days on Market: 53 days
Median Price/SqFt: $778
Average Price/SqFt: $779
Sale-to-List Ratio: 102%
Months of Inventory: 3.8
Total Sale Volume: $15,815,000
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MARKET INTERPRETATION
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• SELLER'S MARKET: Less than 3 months of inventory indicates strong demand and competitive conditions for buyers.
• COMPETITIVE BIDDING: Homes selling at 9% over asking price on average.
• FAST-MOVING: Median 2 weeks or less on market indicates high demand.
Apr 2024 – Feb 2026
Single-family homes in San Mateo have a median sale price of $2,124,500, up 10.7% over the past 3 months. There are 29 active listings, and 32 homes sold last month, with a median of 8 days on market. Condos and townhomes average $840,000, with 67 currently available. The price per square foot is $1,277 for single-family homes versus $778 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes