San Mateo Housing Market Report – April 2026
Here's a look at how the San Mateo, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 81
- Median Sale Price: $1,785,000
- Average Sale Price: $1,970,003
- Average Price Per Sq Ft: $1,140
- Average Days on Market: 41
- Sale-to-List Price Ratio: 108.9%
Month-Over-Month Trends
Compared to March, the median sale price in San Mateo moved 1.5% down (from $1,812,500 to $1,785,000). The number of homes sold was 44.6% up compared to the prior month (56 vs. 81). Average days on market shifted 20.6% up (34 days to 41 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 23.1% up (from $1,450,000 to $1,785,000). Sales volume is 12.9% down year-over-year.
What This Means
San Mateo's housing market showed mixed signals in April, with strong seasonal activity masking some underlying softness. Sales volume jumped nearly 45 percent from March, a typical spring bounce as buyers emerge from winter hibernation. However, homes are sitting slightly longer on the market—41 days versus 34 in March—suggesting that even as more buyers are active, competition among sellers hasn't eased. The median price dipped 1.5 percent monthly, though it's still up a robust 23 percent year-over-year, indicating that while spring buying is pushing deals through, prices may be stabilizing after a strong 2025.
What's most telling is the sale-to-list ratio hovering near 109 percent. Homes are still commanding premiums above asking, which shows demand remains real, but the slight monthly softening hints that the scorching seller's market of the past year is cooling. With inventory at 167 active listings and a wide gap between listing and sale prices, we're seeing a more balanced dynamic emerge. Buyers have gained a bit more breathing room while sellers still hold considerable leverage—classic spring market behavior in the Bay Area.
San Mateo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94403 | 36 | $1,817,944 | $1,135 | 39 |
| 94402 | 23 | $2,420,000 | $1,317 | 36 |
| 94401 | 21 | $1,300,000 | $972 | 50 |
| 94404 | 1 | $1,198,000 | $763 | 51 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 50 | $2,177,500 | $1,327 |
| CONDOS | 18 | $675,000 | $763 |
| TOWNHOMES | 10 | $1,525,000 | $1,003 |
| MULTI_FAMILY | 3 | $1,585,000 | $727 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 2 |
| $500K - $749K | 9 |
| $750K+ | 70 |
Current Active Listings
As of this report, there are 167 active listings in San Mateo with a median asking price of $1,425,000 and an average of 51 days on market.
Thinking About Selling Your San Mateo Home?
If you're a homeowner in San Mateo considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in San Mateo and throughout San Mateo County — get a no-obligation cash offer today.