🏡 San Mateo Real Estate Market Update – March 2025

Gerald Perino April 16, 2025

Rise Homes San Mateo County Market Update, March 2025.

As we step into the heart of spring, the San Mateo County real estate market continues to showcase strong performance, marked by competitive activity and steady price growth. Whether you're a buyer navigating limited inventory or a seller looking to capitalise on strong demand, staying informed on local market data is key to making smart, strategic decisions.

Let’s break down the latest numbers and what they mean for you:

🔍 Key Market Metrics – March 2025

San Mateo single-family market: 1.47 months of inventory, 10 median days on market, and $2,085,000 median sold price. San Mateo condo and townhouse market: 2.64 months’ inventory, 13 days on market, and $962,000 median sold price. San Mateo market update: 1.76 months of inventory, 11 median days on market, and $1.64 million median sold price.

📉 Months supply of inventory: 1.76

While this represents a 24.82% increase year-over-year, inventory is still critically low. This means buyer demand continues to exceed the number of available homes, creating upward pressure on prices and reinforcing a strong seller’s market.

⏱ Median days on market: 11 Days

Homes are moving quickly in San Mateo. With a median of just 11 days on the market, buyers need to be well-prepared with financing and ready to submit strong offers the moment a suitable home hits the market.

💰 Sold to list price: 106.6%

On average, homes in San Mateo are selling for 6.6% over the asking price. Multiple-offer scenarios are still the norm, particularly for turnkey homes in desirable neighborhoods.

🏠 Median sold price: $1,640,000

This high median price reflects San Mateo’s luxury housing market and the continued appeal of the Mid-Peninsula lifestyle. With excellent schools, a vibrant downtown, and proximity to both Silicon Valley and San Francisco, San Mateo remains a top-tier destination for Bay Area buyers.

📌 What This Means for Buyers and Sellers

✔ For Sellers:
Now is an ideal time to list your property. With limited competition and strong buyer interest, well-priced homes are seeing multiple offers and quick sales. A strong pricing and marketing strategy is key to maximising your sale price.
✔ For Buyers:
Be ready to act fast. Homes are flying off the market in under two weeks. Partner with an experienced agent who can help you move swiftly and competitively. Ensure you’re pre-approved for financing and ready to submit compelling offers.

🏡 Why Work With Rise Homes?

At Rise Homes, we’re committed to helping you navigate the San Mateo real estate market with clarity and confidence. Our local expertise, marketing strategies, and negotiation skills give both buyers and sellers the edge they need in a competitive environment.