The San Mateo housing market continues to show strong momentum as we head into the second quarter of 2025. For both buyers and sellers, understanding the latest data can help you make smart decisions in today’s fast-paced environment.

Key Market Metrics – April 2025:

📉 Months supply of inventory: 2.09

A low inventory level means demand is outpacing supply, solidifying San Mateo’s status as a seller’s market.

📈 12-Month change in inventory: +0.19%

While slightly higher than last year, the increase is minimal, and homes remain in high demand.

⏱ Median days on market: 11 days

Homes are moving quickly. Sellers can expect multiple offers within the first two weeks of listing.

💵 Sold to list price ratio: 105%

The average home is selling for 5% above asking, reflecting competitive bidding among motivated buyers.

🏠 Median sold price: $1,675,000

San Mateo continues to attract affluent buyers seeking high-end properties in desirable neighborhoods.

What Does This Mean for Sellers?

If you're considering listing your home, now is the time. Limited inventory and high buyer demand put you in a strong position to receive multiple offers—often above asking price.

What Does This Mean for Buyers?

In this competitive market, speed and preparation are key. Get pre-approved, work with a local expert, and be ready to act fast when the right home hits the market.