San Carlos Housing Market Report – March 2026
Here's a look at how the San Carlos, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 30
- Median Sale Price: $2,838,444
- Average Sale Price: $2,974,013
- Average Price Per Sq Ft: $1,294
- Average Days on Market: 39
- Sale-to-List Price Ratio: 104.9%
Month-Over-Month Trends
Compared to February, the median sale price in San Carlos moved 0.5% up (from $2,825,000 to $2,838,444). The number of homes sold was 87.5% up compared to the prior month (16 vs. 30). Average days on market shifted 2.6% up (38 days to 39 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 17.7% up (from $2,412,500 to $2,838,444). Sales volume is 15.4% up year-over-year.
What This Means
San Carlos is showing real momentum heading into spring. Sales volume nearly doubled from February to March, jumping from 16 to 30 homes, which suggests buyers are finally emerging from the winter slowdown. The year-over-year gains are even more impressive, with median prices up 17.7% compared to March 2025. That's a significant appreciation that reflects both the seasonal uptick and the broader strength of the Peninsula market, where inventory remains tight and affluent buyers continue to compete for quality homes.
What's particularly telling is the sale-to-list price ratio sitting at 104.9%. Homes are selling above asking, which is a textbook seller's market indicator. Buyers are still motivated enough to bid up from list price, even though we're seeing slightly longer marketing times—up just 2.6% month-over-month to 39 days. The active listing pool of 45 homes is modest relative to sales velocity, which keeps pressure on prices.
The one mild caution flag is that the price growth has moderated slightly month-over-month (just 0.5%), suggesting the market may be approaching a natural equilibrium as more inventory trickles in. But with the median asking price on active listings sitting at $1.5 million—a full $1.3 million below what homes are actually selling for—we're clearly dealing with a supply-constrained market that still favors sellers.
San Carlos Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94070 | 30 | $2,838,444 | $1,294 | 39 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 24 | $3,167,500 | $1,375 |
| CONDOS | 5 | $1,500,000 | $1,043 |
| MULTI_FAMILY | 1 | $1,720,000 | $593 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 29 |
Current Active Listings
As of this report, there are 45 active listings in San Carlos with a median asking price of $1,500,000 and an average of 44 days on market.
Thinking About Selling Your San Carlos Home?
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