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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.
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In May 2025, San Mateo’s housing market showed signs of cooling, with median home prices falling 12.3% year-over-year to $1.8M. Homes are now taking slightly longer to sell—averaging 14 days on the market compared to 11 days the previous year—indicating a subtle shift in buyer behavior or pricing dynamics. Additionally, sales volume declined, with 80 homes sold this May versus 88 last year, suggesting a potential pullback in both supply and demand. While the market remains active, these trends point to greater pricing sensitivity and a more measured pace, giving buyers a bit more leverage than in prior years.
San Mateo is currently a somewhat competitive market, with homes generally going pending in about 14 days and selling for approximately 3% above list price. While not as intense as the peak pandemic years, demand remains strong enough that some listings still receive multiple offers. Well-positioned properties—especially those priced right and move-in ready—can attract heightened interest, selling for up to 8% above asking and going under contract in as little as 8 days. Buyers should be prepared for competition on desirable homes, while sellers can still benefit from favorable terms, especially with strategic pricing and presentation.
San Mateo, CA is a seller’s market as of June 2025, meaning demand for homes exceeds the available inventory. This imbalance gives sellers the upper hand, allowing many to attract multiple offers and secure above-asking prices, especially for well-prepared listings. With homes still selling quickly and competition remaining steady, buyers may need to act fast and submit strong offers, while sellers are well-positioned to negotiate favorable terms in a market that still leans in their favor.
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San Mateo is a city of distinct neighborhoods—each with its own character, price trends, and livability factors. Areas like Baywood and Aragon are known for historic charm and tree-lined streets, while Shoreview offers more affordable options near the Bay. Hillsdale and Laurelwood provide larger lots and suburban feel, whereas Downtown San Mateo boasts a walkable lifestyle with restaurants, shops, and Caltrain access. Understanding these micro-markets is essential in choosing a property that aligns with your lifestyle, investment goals, and future resale value.
San Mateo is strategically located between San Francisco and Silicon Valley, making it highly desirable for tech professionals. Commute times to major employers like Meta, Google, and Oracle vary depending on your location within the city. Properties near Highway 101 or Caltrain stations are especially sought-after for their accessibility. If your work or rental investment strategy is tied to the tech sector, prioritizing locations with minimal commute stress can significantly impact long-term satisfaction and tenant demand.
School zoning in San Mateo plays a critical role in property value and buyer demand. The San Mateo-Foster City School District and the San Mateo Union High School District have high-performing schools like Baywood Elementary and Aragon High. However, district boundaries can vary by block, and even within a neighborhood, different homes may feed into different schools. Buyers with families—or investors targeting family renters—should verify assigned schools before committing to a property.
Being close to the Bay, parts of San Mateo face increased risks from sea-level rise, liquefaction zones, and floodplain exposure. Meanwhile, hillside areas may face landslide or wildfire risks. Understanding a property’s climate resilience, insurance requirements, and potential need for mitigation (like drainage systems or elevation improvements) is increasingly important—not just for safety but for long-term property value and insurability.
San Mateo has seen steady population growth, and with it, evolving zoning policies and interest in ADUs (Accessory Dwelling Units). Some properties, especially those with larger lots in R-1 zones, may offer potential for adding a rental unit or converting a garage—especially valuable in a high-rent market. However, zoning and permitting requirements can be strict. Buyers should assess not just what’s on the lot, but what’s possible on the lot based on city regulations and future housing plans.
San Mateo is actively expanding around transit corridors, particularly near the Downtown and Hillsdale Caltrain stations. These areas are benefiting from infrastructure investment, mixed-use development, and increasing walkability. Properties within walking distance to these hubs tend to appreciate faster, especially as the Peninsula pushes for sustainable, car-lite living. For buyers looking at appreciation potential or strong rental ROI, proximity to these nodes can be a strategic advantage.
Whether you have questions about the San Mateo real estate market or you're ready to find the perfect home, we're here to help. With expert insights and personalized guidance, we’ll make your home-buying journey smooth and stress-free. Reach out today to explore available listings, discuss your options, and take the next step toward owning a home in San Mateo!
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