San Mateo Housing Market Report – July 2026
Here's a look at how the San Mateo, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 89
- Median Sale Price: $1,608,000
- Average Sale Price: $1,927,652
- Average Price Per Sq Ft: $1,150
- Average Days on Market: 52
- Sale-to-List Price Ratio: 105.5%
Month-Over-Month Trends
Compared to June, the median sale price in San Mateo moved 11.9% down (from $1,825,000 to $1,608,000). The number of homes sold was 14.4% down compared to the prior month (104 vs. 89). Average days on market shifted 2.0% up (51 days to 52 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 1.0% down (from $1,625,000 to $1,608,000). Sales volume is 1.1% down year-over-year.
What This Means
San Mateo's housing market is cooling noticeably as summer winds down. The median price dipped nearly 12 percent month-over-month to $1.608 million, though year-over-year the decline is minimal at just 1 percent, suggesting this recent drop is more seasonal than structural. With sales volume down 14 percent and homes sitting on the market two days longer than last month, buyer activity is clearly softening. The silver lining for sellers is that homes are still commanding a 5.5 percent premium over asking prices, indicating underlying demand remains relatively healthy despite the slowdown.
What's particularly interesting is the growing inventory. With 167 active listings—a meaningful supply of options—and those listings averaging 63 days on market, the bargaining power is gradually shifting toward buyers after years of shortage-driven competition. Single-family homes dominate the mix at 63 properties, which makes sense given San Mateo's character. The $1,150 price per square foot reflects the Bay Area's persistent premium, even amid this temporary deceleration. If you're shopping, the timing feels less frantic than it has been. If you're selling, expect to be a bit more patient and realistic with pricing.
San Mateo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94402 | 32 | $2,625,000 | $1,332 | 51 |
| 94403 | 30 | $1,612,000 | $1,174 | 41 |
| 94401 | 22 | $1,165,000 | $880 | 63 |
| 94404 | 5 | $1,628,000 | $1,049 | 64 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 63 | $1,915,000 | $1,323 |
| CONDOS | 19 | $850,000 | $732 |
| TOWNHOMES | 6 | $1,090,000 | $840 |
| MULTI_FAMILY | 1 | $2,350,000 | $424 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 3 |
| $500K - $749K | 6 |
| $750K+ | 80 |
Current Active Listings
As of this report, there are 167 active listings in San Mateo with a median asking price of $1,250,000 and an average of 63 days on market.
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