San Mateo, CA Housing Market
The San Mateo housing market is very competitive. Homes in San Mateo receive 6 offers on average and sell in around 14 days. The median sale price of a home in San Mateo was $1.6M last month, up 15.3% since last year. The median sale price per square foot in San Mateo is $1.01K, up 10.2% since last year.
San Mateo Housing Market Trends
In March 2024, San Mateo home prices were up 15.3% compared to last year, selling for a median price of $1.6M. On average, homes in San Mateo sell after 14 days on the market compared to 15 days last year. There were 55 homes sold in March this year, down from 74 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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 12 days.
- Hot homescan sell for about 12% 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 6% above list price and go pending in around 10 days.
- Hot homescan sell for about 13% 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 6% above list price and go pending in around 9 days.
- Hot homescan sell for about 13% 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 South Bend.
- 77% 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 | Jan '24 - Mar '24 | ||
1 | 84 | ||
2 | 66 | ||
3 | 6 | ||
4 | 5 | ||
5 | 4 | ||
6 | 3 | ||
7 | 2 | ||
8 | 2 | ||
9 | 2 | ||
10 | 1 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 11,828 | ||
2 | 4,520 | ||
3 | 2,676 | ||
4 | 2,468 | ||
5 | 1,716 | ||
6 | 1,682 | ||
7 | 1,656 | ||
8 | 1,351 | ||
9 | 1,343 | ||
10 | 1,324 |
Home offer insights for San Mateo
Recent offers
- Offer Not Accepted|11 Weeks Ago~$1.75M OfferSold for $1.75M3 bd | 2 ba | ~2,000 sqftOver List Price0%Days on Market112Competing Offers2Down Payment—
- Offer Not Accepted|4 Weeks Ago~$2.5M OfferSold for $2.5M4 bd | 3 ba | ~2,500 sqftOver List Price8%Days on Market8Competing Offers4Down Payment—
- Offer Not Accepted|6 Weeks Ago~$3M OfferSold for $3.25M3 bd | 2.5 ba | ~2,500 sqftOver List Price8%Days on Market16Competing Offers6Down Payment—
- Offer Not Accepted|7 Weeks Ago~$850K OfferSold for $900K3 bd | 2 ba | ~1,000 sqftOver List Price8%Days on Market6Competing Offers7Down Payment—
View houses in San Mateo that sold recently
Recently sold homes
- $2,101,000 Last Sold Price3 beds2 baths1,870 sq ft2029 Lyon Ave, Belmont, CA 94002List Price$1,988,888Sale to List6% over listDays on Market26 days2029 Lyon Ave, Belmont, CA 94002
- $1,680,000 Last Sold Price3 beds2 baths1,200 sq ft2371 Clipper St, San Mateo, CA 94403List Price$1,299,950Sale to List29% over listDays on Market39 days2371 Clipper St, San Mateo, CA 94403
- $2,525,000 Last Sold Price3 beds2 baths2,515 sq ft230 22nd Ave, San Mateo, CA 94403List Price$2,298,000Sale to List10% over listDays on Market25 days230 22nd Ave, San Mateo, CA 94403
- $1,504,000 Last Sold Price2 beds1 bath1,400 sq ft1715 2nd Ave, San Mateo, CA 94401(415) 305-3291List Price$1,199,000Sale to List25% over listDays on Market33 days1715 2nd Ave, San Mateo, CA 94401
- $1,615,000 Last Sold Price3 beds2 baths1,110 sq ft1224 S Norfolk St, San Mateo, CA 94401List Price$1,289,000Sale to List25% over listDays on Market20 days1224 S Norfolk St, San Mateo, CA 94401
- $1,135,000 Last Sold Price2 beds2 baths1,865 sq ft35 9th Ave #3, San Mateo, CA 94401List Price$1,200,000Sale to List5% under listDays on Market44 days35 9th Ave #3, San Mateo, CA 94401
- $4,025,000 Last Sold Price5 beds4 baths3,300 sq ft259 W 3rd Ave, San Mateo, CA 94402List Price$4,025,000Sale to List0% over listDays on Market0 days259 W 3rd Ave, San Mateo, CA 94402
- $1,260,000 Last Sold Price3 beds2 baths1,060 sq ft2319 S Norfolk St, San Mateo, CA 94403List Price$1,199,000Sale to List5% over listDays on Market40 days2319 S Norfolk St, San Mateo, CA 94403
See all recently sold homes in San Mateo.
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Schools in San Mateo
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Central Elementary School Public • K-5 | 440 Students | 8 reviews |
8/10 George Hall Elementary School Public • K-5 | 432 Students | 3 reviews |
8/10 Cipriani Elementary School Public • K-5 | 441 Students | 12 reviews |
8/10 North Shoreview Montessori Elementary School Public • K-8 • Choice school | 328 Students | 9 reviews |
7/10 South Hillsborough School Public • K-5 | 223 Students | 7 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.
Flood Factor - Extreme
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in San Mateo
Walk Score®
Transit Score®
Bike Score®
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