Michele's Real Estate Market Report
San Mateo, CA
Single-Family Homes
Michele Harkov | 650-773-1332 | www.micheleharkov.com
San Mateo, CA
Thu Aug 28 2025
This week the median list price for San Mateo, CA is $2,147,500 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has increased to 54.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $2,147,500 | |
| Median Price of New Listings | $1,975,000 | |
| Per Square Foot | $1,257 | |
| Average Days on Market | 111 | |
| Median Days on Market | 14 | |
| Price Decreased | 15% | |
| Price Increased | 4% | |
| Relisted | 4% | |
| Inventory | 54 | |
| Median Rent | ||
| Market Action | 63 | |
| Strong Seller's Market | ||
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,597,000 | 3,297 | 8,000 - 10,000 sqft | 4 | 3.8 | 25 | 2 | 3 | 21 |
| $2,680,000 | 1,746 | 4,500 - 6,500 sqft | 3 | 2.5 | 75 | 4 | 7 | 14 |
| $1,919,444 | 1,651 | 4,500 - 6,500 sqft | 3 | 2 | 74 | 5 | 3 | 10 |
| $1,449,000 | 1,110 | 4,500 - 6,500 sqft | 3 | 2 | 75 | 4 | 5 | 7 |