The San Mateo housing market is somewhat competitive. Homes in San Mateo receive 4 offers on average and sell in around 14 days. The median sale price of a home in San Mateo was $1.8M last month, down 11.8% since last year. The median sale price per square foot in San Mateo is $1.08K, down 2.0% since last year.
What is the housing market like in San Mateo today?
In May 2025, San Mateo home prices were down 11.8% compared to last year, selling for a median price of $1.8M. On average, homes in San Mateo sell after 14 days on the market compared to 11 days last year. There were 79 homes sold in May this year, down from 88 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,770,000
-11.8% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
San Mateo, CA
$1,770,000
-11.8%
United States
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How hot is the San Mateo housing market?
San Mateo is somewhat competitive. Homes sell in 14 days.
0
100
58
Somewhat Competitive
Redfin Compete Score™
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
Some homes get multiple offers.
The average homes sell for about 3% above list price and go pending in around 14 days.
Hot homes
can sell for about 9% above list price and go pending in around 8 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for San Mateo
Explore recent offers and recently sold homes in San Mateo
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Flood Factor - Extreme
44% of properties are at risk of severe flooding over the next 30 years
Flood Factor
San Mateo has an extreme risk of flooding. 9,258 properties in San Mateo are likely to be
severely affected
by flooding over the next 30 years. This represents 44% of all properties in San Mateo. Flood risk is increasing slower than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
San Mateo has a moderate risk of wildfire. There are 1,178 properties in San Mateo that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in San Mateo.