The San Mateo housing market is very 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 $1.5M last month, up 1.5% since last year. The median sale price per square foot in San Mateo is $1.08K, up 8.6% since last year.
What is the housing market like in San Mateo today?
In February 2025, San Mateo home prices were up 1.5% compared to last year, selling for a median price of $1.5M. On average, homes in San Mateo sell after 14 days on the market compared to 12 days last year. There were 50 homes sold in February this year, down from 51 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,522,500
+1.5% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
San Mateo, CA
$1,522,500
+1.5%
United States
To compare other locations to the San Mateo and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in San Mateo add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in San Mateo
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the San Mateo housing market?
San Mateo is very competitive. Homes sell in 13.5 days.
0
100
83
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 14 days.
Hot homes
can sell for about 13% above list price and go pending in around 7 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
Recent offers
Offer Not Accepted|
6 Weeks Ago
~$1M Offer
Sold for $1.25M
5bd | 3ba | ~1,250sqft
Over List Price
10%
Days on Market
12
Competing Offers
7
Down Payment
<10%
Brenda Vega
San Mateo Redfin Agent
The client is using a DSCR loan, which means they can only submit an offer with a pre-qualification letter. Their purchase is contingent on the property appraising at its rental lease value. They will need to submit a contingent offer based on both financing and appraisal. We will continue exploring properties that have been on the market longer to increase the chances of securing the next offer.…
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.