San Carlos Housing Market Report – May 2026
Here's a look at how the San Carlos, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 41
- Median Sale Price: $2,700,000
- Average Sale Price: $2,634,141
- Average Price Per Sq Ft: $1,357
- Average Days on Market: 34
- Sale-to-List Price Ratio: 106.1%
Month-Over-Month Trends
Compared to April, the median sale price in San Carlos moved 14.7% up (from $2,354,000 to $2,700,000). The number of homes sold was 2.4% down compared to the prior month (42 vs. 41). Average days on market shifted 2.9% down (35 days to 34 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 3.5% up (from $2,608,888 to $2,700,000). Sales volume is 24.2% up year-over-year.
What This Means
San Carlos is showing real momentum heading into summer, with sellers maintaining strong negotiating power despite a slight dip in monthly transaction volume. The median price jumped nearly 15 percent from April, and homes are selling above asking price at a 106 percent ratio—a clear sign that demand still outpaces supply in this peninsula market. What's particularly interesting is that the price appreciation has accelerated month-over-month while days on market actually decreased, suggesting buyers are moving faster when they find something they want rather than waiting for better deals.
The year-over-year growth tells a more measured story: prices are up 3.5 percent annually, which is solid but not explosive, while sales volume has grown 24 percent. However, that volume jump likely reflects improved data collection rather than a genuine market surge. The real indicator of health is that median asking prices on active listings sit at $1.62 million—well below current sales prices—meaning the inventory pipeline is genuinely fresh and could support continued buyer activity.
With inventory at 57 active listings and an average of 59 days on market for pending homes, San Carlos isn't oversupplied, but it's not critically tight either. Single-family homes dominate the market, which tracks with the area's character. Unless interest rates spike, we should expect this steady, seller-favorable market to persist through the summer months.
San Carlos Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94070 | 40 | $2,725,000 | $1,369 | 33 |
| 92119 | 1 | $1,175,000 | $885 | 45 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 32 | $2,925,000 | $1,466 |
| CONDOS | 5 | $968,000 | $949 |
| TOWNHOMES | 4 | $1,920,000 | $999 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $750K+ | 41 |
Current Active Listings
As of this report, there are 57 active listings in San Carlos with a median asking price of $1,620,000 and an average of 59 days on market.
Thinking About Selling Your San Carlos Home?
If you're a homeowner in San Carlos considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in San Carlos and throughout San Mateo County — get a no-obligation cash offer today.