🔍 San Mateo real estate market update

As we head into the busy spring market, San Mateo’s housing landscape remains competitive. With inventory staying tight and homes selling quickly, both buyers and sellers need to stay sharp. Let’s break down this month’s key stats.

📉 Inventory still favors sellers

Months Supply of Inventory: 2.33
San Mateo is still firmly in a seller’s market. With just over two months of inventory, buyers have limited choices—which often leads to quicker sales and stronger offers.

12-Month Change in Inventory: +0.18%

While inventory has ticked up slightly from last year, it’s still not enough to ease the overall competition. We’re far from a balanced market.

⏳ Homes continue to move fast

Median Days on Market: 12 days
Homes are flying off the shelves. In less than two weeks, many homes are going from listed to pending—especially those that are priced right and move-in ready.

💸 Homes selling close to asking

Sold to List Price Ratio: 104%
Buyers are staying competitive, often offering just over the asking price. This indicates continued demand and multiple-offer scenarios in key neighborhoods.

🏠 Median Sold Price holds strong

Median Sold Price: $1,769,000
Prices remain high, reflecting San Mateo’s desirable location, quality of life, and strong local economy. For sellers, that means continued opportunity to maximize returns.

🧭 What this means for you

🟩 If you’re a seller:
With low inventory and buyers still paying over list, it’s a great time to list your home. A strong marketing strategy can help you get top dollar.

🟦 If you’re a buyer:
Come prepared. With fast-moving inventory and homes going for above asking, having a savvy local agent and pre-approval is key.