The San Mateo, CA housing market is a seller's market, scoring 62 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 166 homes for sale and 2.8 months of supply. Homes in San Mateo, CA sold for a median of $1,720,000, up 10.7% from the prior month, or $1,059 per square foot. The average sale price in San Mateo, CA was $1,882,000, close to the median. The typical home goes under contract in 34 days, sales close at 101.7% of asking price and 55.9% of homes sell above list. 31.9% of active San Mateo, CA listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-10-09 and are based on 59 recorded sales and 166 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 646 26th Ave, San Mateo | 3/1,070 | $1,895,000 | 2026-10-09 |
| 210 Avila Rd, San Mateo | 4/2,565 | $4,000,000 | 2026-10-09 |
| 535 W Hillsdale Blvd, San Mateo | 3/1,710 | $1,910,000 | 2026-10-07 |
| 320 Peninsula Ave Apt 211, San Mateo | 2/930 | $545,000 | 2026-10-07 |
| 1710-1712 Gum St, San Mateo | 4/2,940 | $2,450,000 | 2026-10-06 |
| 122 N Claremont St, San Mateo | 5/2,307 | $1,700,000 | 2026-10-06 |
| 1513 Edinburgh St, San Mateo | 3/1,720 | $2,900,000 | 2026-10-06 |
| 1727 Wolfe Dr, San Mateo | 4/1,540 | $1,725,000 | 2026-10-06 |
San Mateo, CA is currently a seller's market, at 62 out of 100 on our buyer-to-seller scale, which blends months of supply, sale-to-list price, days on market and the share of listings with price cuts. There are 2.8 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in San Mateo, CA sold for $1,720,000 over the last 30 days. That is up 10.7% from the month before.
The average sale price in San Mateo, CA was $1,882,000, close to the median. The median ($1,720,000) is the middle sale, so it better reflects a typical home; the average is the total of all prices divided by the number of sales.
Homes in San Mateo, CA take a median of 34 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 34 days is worth a second look on price.
Homes in San Mateo, CA close at a median of 101.7% of their asking price, and 55.9% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 166 homes actively for sale in San Mateo, CA, about 2.8 months of supply at the current sales pace.