San Mateo Housing Market Report – September 2026
Here's a look at how the San Mateo, CA real estate market performed in September 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 73
- Median Sale Price: $1,575,000
- Average Sale Price: $1,859,459
- Average Price Per Sq Ft: $1,087
- Average Days on Market: 46
- Sale-to-List Price Ratio: 104.8%
Month-Over-Month Trends
Compared to August, the median sale price in San Mateo moved 20.7% down (from $1,985,000 to $1,575,000). The number of homes sold was 14.1% up compared to the prior month (64 vs. 73). Average days on market shifted 17.9% down (56 days to 46 days).
Year-Over-Year Comparison
Compared to September 2025, the median sale price is 8.1% down (from $1,714,444 to $1,575,000). Sales volume is 18.9% down year-over-year.
San Mateo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94403 | 29 | $1,800,000 | $1,138 | 45 |
| 94401 | 21 | $1,210,000 | $945 | 56 |
| 94402 | 19 | $2,911,000 | $1,226 | 35 |
| 94404 | 4 | $895,000 | $809 | 47 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 43 | $2,050,000 | $1,284 |
| TOWNHOMES | 13 | $1,375,000 | $827 |
| CONDOS | 12 | $741,500 | $797 |
| CONDO | 3 | $770,000 | $634 |
| MULTI_FAMILY | 2 | $1,759,944 | $810 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 1 |
| $500K - $749K | 7 |
| $750K+ | 65 |
Current Active Listings
As of this report, there are 185 active listings in San Mateo with a median asking price of $1,300,000 and an average of 70 days on market.
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