Median sale price
$1,574,250
-1.3% YoY · $752,837 in California
Half of homes sold for more, half for less.
San Mateo housing market for buyers, September 2026
The median San Mateo home sold for $1,574,250 in July to September 2026, -1.3% from a year earlier. Homes closed at 104.9% of list on average, and 52% sold above asking.
By Vinura Abeysundara, Head of Growth at TurboHome. Reviewed by Kevin Kretzmer, CalDRE #01997822. Data through September 30, 2026, refreshed monthly.
- Median sale price
- $1,574,250
- -1.3% year over year
- Sale-to-list ratio
- 104.9%
- 52% sold above list
- Median days on market
- 14 days
- 55% pending in 2 weeks
- Months of supply
- 1.9
- Inventory -11.2% year over year
How hard is it to buy in San Mateo today?
TurboHome's Buyer Competition Score rolls six Redfin signals into one number for July to September 2026. Higher scores mean more competing offers, faster decisions, and less room to negotiate.
San Mateo Buyer Competition Score
Competitive
Well-priced homes draw several offers and move quickly.
California scores 43 for comparison
Inventory
1.9 months vs 3.6 months in California
How long current listings would last at today's sales pace. Under 3 months leaves buyers few options.
82/100Price momentum
-1.3% vs +0.9% in California
Year-over-year change in the median sale price.
25/100Sale-to-list
104.9% vs 100.2% in California
Average final price as a share of the last list price.
89/100Bidding over asking
52% vs 33% in California
Share of homes that closed above their original list price.
84/100Days on market
14 days vs 41 days in California
Median days from listing to accepted offer.
92/100Pending in 2 weeks
55% vs 32% in California
Share of listings that went under contract within 14 days.
100/100
San Mateo market numbers for July to September 2026
City figures cover a rolling three-month window so small monthly swings do not hide the trend. California comparisons use the latest month.
Price per square foot
$1,059
$469 in California
Use it to compare condos, flats, and houses of different sizes.
Median new listing price
$1,484,115
Median sale price is $1,574,250
When sale prices run above list prices, sellers are pricing to draw offers.
Homes sold
203
-12.1% YoY
Closed sales across San Mateo during the period.
Pending sales
187
55% pending within 2 weeks
Homes that accepted an offer and are waiting to close.
New listings
231
Homes that came to market in the period
Fresh supply buyers can tour and bid on.
Active listings
326
Homes for sale at any point in the period
Includes homes that sold quickly during the window.
Inventory
123
-11.2% YoY
Homes still for sale at the end of the period.
Months of supply
1.9
3.6 in California
Under 3 months usually favors sellers; over 6 favors buyers.
San Mateo prices and pace over 12 months
Median sale price moved from $1,595,000 in the period ending September 2025 to $1,574,250 in the period ending September 2026, a drop of 1.3%.
Period ending September 2026
$1,574,250San Mateo
$752,837California
San Mateo, rolling 3 monthsCalifornia, monthly
What a San Mateo home costs each month
Start at the $1,574,250 median and today's 7.40% average 30-year fixed rate, then adjust for the homes you plan to tour.
Monthly payment estimator
$1,570,000
20% · $314,000
7.40%
Estimated principal and interest
$8,696/mo
Loan amount $1,256,000. Property tax, homeowners insurance, HOA dues, and mortgage insurance are not included.
Default rate is the Freddie Mac Primary Mortgage Market Survey 30-year average for the week of October 15, 2026. Your rate depends on credit, loan type, and points.
Buyer-agent compensation on this price
2.50%
Typical compensation on $1,570,000
$39,250
A traditional buyer's agent keeps this as their commission. TurboHome charges a flat fee and credits eligible compensation above that fee back to you at closing as a TurboHome rebate. Talk to us for the exact number on your price range.
Illustration only. Compensation is negotiable and set in your written buyer agreement. Rebates need lender approval and must be disclosed to your lender and escrow.
How to buy in San Mateo this month
Four moves our California agents would make with this month's numbers.
01
Budget for the overbid before you tour
Homes closed at 104.9% of list on average. At that ratio, a $1,500,000 listing closes near $1,573,500. Set your search by what homes sell for, then let comparable sales set each offer.
02
Get underwritten pre-approval in week one
55% of listings went pending within 14 days, and the median home sold in 14 days. Review disclosures before offer day so you can write the same week.
03
Widen the search to more neighborhoods
The city had 1.9 months of supply, with inventory down 11.2% from a year earlier. Compare the neighborhood table below to find areas where homes sell closer to list.
04
Keep more of the buyer-agent compensation
At 2.5%, compensation on the $1.57M median home is about $39,356. TurboHome credits eligible compensation above its flat fee back to you at closing.
Compare 36 San Mateo neighborhoods
Prices, pace, and overbids vary block by block. Search for the areas on your list, or sort to find neighborhoods where homes sell closer to asking. Figures cover July to September 2026.
| North Central San Mateo | $712,300 | -1.1% | $762 | 39 | 99.0% | 37 |
|---|---|---|---|---|---|---|
| Northwest Heights | $3,499,020 | +22.4% | $1,453 | 13 | 104.6% | 34 |
| Shoreview | $1,414,604 | +8.8% | $1,176 | 11 | 107.6% | 25 |
| Hillsdale | $1,851,981 | +0.1% | $1,215 | 14 | 106.1% | 22 |
| Marina Lagoon | $1,294,637 | +13.7% | $1,047 | 11 | 105.4% | 22 |
| Bowie Estate | $554,845 | -20.1% | $772 | 37 | 99.1% | 21 |
| Beresford Park | $1,904,466 | -17.2% | $1,086 | 18 | 104.6% | 17 |
| Baywood | $2,149,398 | +4.6% | $1,261 | 29 | 103.4% | 15 |
| Sugarloaf | $1,914,464 | -16.2% | $1,210 | 8 | 109.0% | 15 |
| Downtown San Mateo | $999,720 | +23.5% | $733 | 41 | 98.8% | 15 |
| South Shoreview | $1,339,625 | -0.0% | $1,161 | 14 | 109.1% | 13 |
| Hayward Park | $1,349,622 | -0.0% | $939 | 29 | 103.5% | 11 |
* Fewer than 10 sales in the period, so one sale can swing the median. Neighborhood boundaries follow Redfin's definitions.
San Mateo housing market questions buyers ask
Is San Mateo a buyer's market or a seller's market right now?
San Mateo scores 79 out of 100 on TurboHome's Buyer Competition Score for July to September 2026, which rates it competitive for buyers. The city had 1.9 months of supply, and 52% of homes sold above list price. Under 3 months of supply usually favors sellers.
How much does a home cost in San Mateo?
The median San Mateo home sold for $1,574,250 in July to September 2026, -1.3% from a year earlier. The median price per square foot was $1,059. That is 2.1 times the California median of $752,837.
How much over asking do homes sell for in San Mateo?
San Mateo homes closed at 104.9% of list price on average in July to September 2026, and 52% sold above their list price. Many sellers list below expected value to draw multiple offers, so the list price is a starting point. A buyer's agent should pull recent comparable sales for each home before you set an offer.
How fast do homes sell in San Mateo?
The median San Mateo home went under contract in 14 days in July to September 2026. 55% of listings were pending within two weeks, so buyers should have a pre-approval and a disclosure review plan before touring.
What is the monthly mortgage payment on a median-priced San Mateo home?
At the $1,574,250 median price, a 20% down payment, and the 7.40% average 30-year fixed rate, principal and interest come to about $8,720 a month. Property tax, homeowners insurance, HOA dues, and mortgage insurance are extra.
How much is buyer-agent compensation on a San Mateo home?
At 2.5%, buyer-agent compensation on the $1,574,250 median home is about $39,356. Compensation is negotiable and is set in your written buyer agreement. TurboHome charges a flat fee and credits eligible compensation above that fee back to you at closing, so talk to us for the number on your price range.
Where does this data come from, and how often is it updated?
City and neighborhood figures come from the Redfin Data Center and cover rolling three-month periods. California figures are monthly. Mortgage rates come from the Freddie Mac Primary Mortgage Market Survey. TurboHome refreshes this page every month after Redfin publishes new data.
Keep exploring
- San Francisco housing market
- Bay Area buyer rebate guide
- Income needed to buy in Redwood City
- Income needed to buy in Belmont
- Commission rebate calculator
- TurboHome closed deals
Sources
- Redfin: San Mateo housing market. City and neighborhood sale prices, pace, and supply through September 30, 2026.
- Redfin Data Center. California monthly comparison figures, updated October 7, 2026.
- Freddie Mac Primary Mortgage Market Survey. 30-year fixed average for the week of October 15, 2026.
How we calculate this page
San Mateo and neighborhood figures cover rolling three-month periods. California figures are single months. TurboHome pulls new data each month after Redfin publishes it, so the page updates without manual edits. The Buyer Competition Score is the average of six signals, each scaled from 0 to 100:
- Inventory: 6+ months of supply scores 0; 1 month scores 100.
- Price momentum: -5% year over year scores 0; +10% scores 100.
- Sale-to-list: 96% of list scores 0; 106% scores 100.
- Bidding over asking: 10% sold above list scores 0; 60% scores 100.
- Days on market: 60 median days scores 0; 10 days scores 100.
- Pending in 2 weeks: 15% pending within 14 days scores 0; 55% scores 100.
General market information, not an appraisal or financial advice. Ask a licensed agent and lender about a specific home.
Written by
Vinura Abeysundara
Head of Growth at TurboHome
Vinura Abeysundara is a real estate and growth professional with experience scaling homebuying platforms across Canada and the United States. Formerly Head of Growth at Zown, he now works with TurboHome and writes about homebuyer savings, flat-fee real estate, commissions, and technology in real estate.
LinkedIn profile
Reviewed by
Kevin Kretzmer
Head Agent, California · CalDRE #01997822
Kevin Kretzmer leads TurboHome's California agent team and reviews California and national buyer guidance for practical brokerage accuracy.
Agent profileReady to tour San Mateo homes with a local agent?
A licensed California TurboHome agent will walk you through neighborhoods, offer strategy, and the rebate on your price range.