San Mateo, CA Housing Market
The San Mateo housing market is most competitive. Homes in San Mateo receive 6 offers on average and sell in around 11 days. The median sale price of a home in San Mateo was $2.0M last month, up 30.7% since last year. The median sale price per square foot in San Mateo is $1.1K, down 2.5% since last year.
San Mateo Housing Market Trends
In May 2024, San Mateo home prices were up 30.7% compared to last year, selling for a median price of $2.0M. On average, homes in San Mateo sell after 11 days on the market compared to 10 days last year. There were 85 homes sold in May this year, up from 65 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the San Mateo housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 7% above list price and go pending in around 11 days.
- Hot homescan sell for about 14% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 8% above list price and go pending in around 10 days.
- Hot homescan sell for about 14% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 11 days.
- Hot homescan sell for about 12% above list price and go pending in around 7 days.
San Mateo Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into San Mateo from outside metros.
- New York homebuyers searched to move into San Mateo more than any other metro followed by Santa Barbara and Pensacola.
- 78% of San Mateo homebuyers searched to stay within the San Mateo metropolitan area.
- Sacramento was the most popular destination among San Mateo homebuyers followed by Los Angeles and San Diego.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 463 | ||
2 | 142 | ||
3 | 90 | ||
4 | 66 | ||
5 | 39 | ||
6 | 11 | ||
7 | 9 | ||
8 | 4 | ||
9 | 3 | ||
10 | 2 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 12,167 | ||
2 | 3,361 | ||
3 | 2,714 | ||
4 | 1,822 | ||
5 | 1,808 | ||
6 | 1,448 | ||
7 | 1,370 | ||
8 | 1,367 | ||
9 | 1,351 | ||
10 | 1,320 |
Home offer insights for San Mateo
Recent offers
- Offer Not Accepted|4 Weeks Ago~$1.5M OfferSold for $1.75M3 bd | 2.5 ba | ~2,250 sqftUnder List Price4%Days on Market13Competing Offers2Down Payment~20%
- Offer Not Accepted|8 Weeks Ago~$1.25M OfferSold for $1.5M2 bd | 2.5 ba | ~1,250 sqftOver List Price2%Days on Market7Competing Offers5Down Payment—
- Offer Not Accepted|9 Weeks Ago~$3.25M OfferSold for $3.5M3 bd | 2 ba | ~1,750 sqftOver List Price14%Days on Market15Competing Offers6Down Payment—
- Offer Not Accepted|10 Weeks Ago~$2.5M OfferSold for $2.5M4 bd | 3 ba | ~2,500 sqftOver List Price8%Days on Market8Competing Offers4Down Payment—
View houses in San Mateo that sold recently
Recently sold homes
- $2,050,000 Last Sold Price4 beds2 baths1,804 sq ft2223 Springfield Way, San Mateo, CA 94403List Price$1,888,000Sale to List9% over listDays on Market44 days2223 Springfield Way, San Mateo, CA 94403
- $2,350,000 Last Sold Price3 beds3 baths3,648 sq ft318 S Grant St Unit 4A, San Mateo, CA 94401List Price$2,350,000Sale to List0% over listDays on Market59 days318 S Grant St Unit 4A, San Mateo, CA 94401
- $2,750,000 Last Sold Price3 beds4.5 baths2,420 sq ft6 Fairoaks Ct, San Mateo, CA 94403List Price$2,549,000Sale to List8% over listDays on Market42 days6 Fairoaks Ct, San Mateo, CA 94403
- $650,000 Last Sold Price2 beds1 bath1,000 sq ft1532 - A Day Ave Unit A, San Mateo, CA 94403PMZ Real Estate CENTURY 21 Real Estate AllianceList Price$670,000Sale to List3% under listDays on Market74 days1532 - A Day Ave Unit A, San Mateo, CA 94403
- $640,000 Last Sold Price2 beds1 bath860 sq ft155 N El Camino Real #16, San Mateo, CA 94401List Price$650,000Sale to List2% under listDays on Market29 days155 N El Camino Real #16, San Mateo, CA 94401
- $1,660,000 Last Sold Price2 beds2 baths1,643 sq ft483 Landeros Dr, San Mateo, CA 94403List Price$1,660,000Sale to List0% over listDays on Market0 days483 Landeros Dr, San Mateo, CA 94403
- $2,150,000 Last Sold Price4 beds2 baths1,720 sq ft1539 Forge Rd, San Mateo, CA 94402List Price$2,150,000Sale to List0% over listDays on Market23 days1539 Forge Rd, San Mateo, CA 94402
- $1,652,000 Last Sold Price3 beds2 baths1,380 sq ft1540 S Norfolk St, San Mateo, CA 94401List Price$1,298,888Sale to List27% over listDays on Market32 days1540 S Norfolk St, San Mateo, CA 94401
See all recently sold homes in San Mateo.
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Schools in San Mateo
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Central Elementary School Public • K-5 | 440 Students | 8 reviews |
9/10 College Park Elementary School Public • K-5 | 445 Students | 22 reviews |
8/10 North Shoreview Montessori Elementary School Public • K-8 | 290 Students | 9 reviews |
8/10 South Hillsborough School Public • K-5 | 216 Students | 7 reviews |
8/10 Cipriani Elementary School Public • K-5 | 471 Students | 13 reviews |
Climate's impact on San Mateo housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in San Mateo.
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Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
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Transportation in San Mateo
Walk Score®
Transit Score®
Bike Score®
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