The San Mateo housing market is somewhat competitive as of mid-2025, with homes typically receiving around four offers and going under contract in about 14 days. While buyer activity remains steady, prices have softened year-over-year, with the median sale price dropping 12.3% to $1.8M and the median price per square foot falling 11.7% to $1,000. This suggests that while demand persists, the market is adjusting to shifting affordability, higher borrowing costs, or changing buyer preferences. For sellers, pricing competitively is key to attracting serious offers, while buyers may find more room to negotiate compared to last year’s peak conditions.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
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