The San Mateo, CA housing market is a seller's market, scoring 59 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 164 homes for sale and 3.4 months of supply. Homes in San Mateo, CA sold for a median of $1,844,444, up 15.8% from the prior month, or $1,122 per square foot. The typical home goes under contract in 38 days, sales close at 101.1% of asking price and 52.1% of homes sell above list. 24.4% 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 2026-08-25 and are based on 51 recorded sales and 164 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 24 Mounds Rd Apt A, San Mateo | 2/2,100 | $2,050,000 | 2026-08-24 |
| 1616 Ark St, San Mateo | 3/1,200 | $1,575,000 | 2026-08-24 |
| 1323 2nd Ave, San Mateo | —/1,500 | $1,050,000 | 2026-08-24 |
| 212 Eaton Rd Apt 11, San Mateo | 2/1,310 | $900,000 | 2026-08-21 |
| 274 Delmar Way, San Mateo | 3/1,940 | $2,850,000 | 2026-08-21 |
| 1059 Yates Way, San Mateo | 2/1,254 | $1,325,000 | 2026-08-21 |
| 1743 Maxine Ave, San Mateo | 4/1,550 | $1,800,000 | 2026-08-21 |
| 1450 Parrott Dr, San Mateo | 3/1,614 | $2,730,000 | 2026-08-20 |
San Mateo, CA is currently a seller's market, at 59 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 3.4 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in San Mateo, CA sold for $1,844,444 over the last 30 days. That is up 15.8% from the month before.
Homes in San Mateo, CA take a median of 38 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 38 days is worth a second look on price.
Homes in San Mateo, CA close at a median of 101.1% of their asking price, and 52.1% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 164 homes actively for sale in San Mateo, CA, about 3.4 months of supply at the current sales pace.