San Mateo Housing Market Report – June 2026
Here's a look at how the San Mateo, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 101
- Median Sale Price: $1,825,000
- Average Sale Price: $2,019,398
- Average Price Per Sq Ft: $1,155
- Average Days on Market: 51
- Sale-to-List Price Ratio: 106.6%
Month-Over-Month Trends
Compared to May, the median sale price in San Mateo moved 1.7% up (from $1,795,000 to $1,825,000). The number of homes sold was 1.9% down compared to the prior month (103 vs. 101). Average days on market shifted 15.9% up (44 days to 51 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 4.3% up (from $1,750,000 to $1,825,000). Sales volume is 23.2% up year-over-year.
What This Means
San Mateo's housing market is showing resilience despite some cooling signals in June. Median prices climbed to $1,825,000, up 1.7% month-over-month and 4.3% year-over-year, suggesting sustained buyer demand in the Peninsula's desirable neighborhoods. The sale-to-list ratio of 106.6% indicates homes are still commanding premiums over asking, a sign that competition remains healthy in this supply-constrained market. However, days on market stretched to 51 days from 44 the previous month, the most notable red flag in this report.
That extended listing time likely reflects typical summer seasonality combined with broader affordability headwinds. Rising carrying costs and persistent mortgage rates are making buyers more selective and deliberate with their decisions. While sales volume technically declined slightly this month, the year-over-year comparison shows robust activity, suggesting June's slight dip is more seasonal than concerning.
The 144 active listings on the market represent reasonable inventory for San Mateo, though the median asking price of $1.25 million reveals a significant gap between new listings and what's actually selling. This signals that homes priced attractively continue moving, but overpriced inventory lingers. For sellers, the message is clear: pricing discipline remains essential in this market.
San Mateo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94403 | 39 | $1,825,000 | $1,251 | 45 |
| 94402 | 34 | $2,550,000 | $1,296 | 50 |
| 94401 | 23 | $1,486,000 | $874 | 52 |
| 94404 | 5 | $615,000 | $778 | 84 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 68 | $2,375,000 | $1,344 |
| CONDOS | 20 | $793,750 | $777 |
| TOWNHOMES | 6 | $1,462,500 | $865 |
| CONDO | 4 | $1,337,500 | $806 |
| MULTI_FAMILY | 3 | $1,825,000 | $564 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 2 |
| $500K - $749K | 8 |
| $750K+ | 91 |
Current Active Listings
As of this report, there are 144 active listings in San Mateo with a median asking price of $1,250,000 and an average of 71 days on market.
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