San Mateo home prices, year by year
Updated 2026-09-19. Sales through May 2026. City of San Mateo only, not the whole county.
What homes in San Mateo sold for each year since 2012, how many sold, and how fast. Houses and condos are shown apart, because they have moved very differently.
2025 at a glance
Median house price
$2 million
Median condo price
$755,000
Homes sold
835
Median days on market
15
Sale price vs. list price
102.9%
Median sale price
The median house price went from $750,000 in 2012 to $2 million in 2025, up 167%. Condos rose 94% over the same years, from $390,000 to $755,000. Condo prices peaked at $875,000 in 2018 and have not passed it since.
Homes sold each year
About 800 to 1,000 homes sell in San Mateo in a normal year. The most was 1,225 in 2021. The fewest was 720 in 2023. 2026 has 309 sales in its first 5 months.
How long homes take to sell
Houses still sell fast: the median was 13 days on the market in 2025. Condos have slowed a lot. They sold in a median of 12 days in 2018 and took 51 days in 2025.
Sale price compared with list price
Above 100% means homes sold for more than the asking price, on average. In 2025, houses sold for 106.2% of list price and 68.2% of them went over asking. Condos sold for 97.5%, and 21.6% went over asking.
What this means if you're selling
A citywide median is a starting point, not a price for your home. Two houses a few blocks apart can sell hundreds of thousands of dollars apart, depending on size, condition, lot and school. And a year's median shifts with which homes happened to sell that year. For condos, the longer selling times mean pricing and presentation matter more than they did a few years ago.
Want a figure for your own home? Get a free estimate based on recent sales near you, by email.
All the numbers
| Year | Median sale price | Homes sold | Median days on market | Sale price vs. list price | Sold above asking | Months of supply |
|---|---|---|---|---|---|---|
| 2012 | $592,250 | 1,072 | 16 | 101.2% | 49.1% | 1.6 |
| 2013 | $750,000 | 1,078 | 13 | 105.9% | 70.1% | 0.9 |
| 2014 | $848,000 | 988 | 13 | 105.9% | 71.5% | 1.0 |
| 2015 | $982,000 | 973 | 14 | 108.1% | 77.4% | 0.9 |
| 2016 | $1,093,000 | 925 | 18 | 106.2% | 73.7% | 1.1 |
| 2017 | $1,218,750 | 952 | 13 | 108.8% | 77.8% | 1.0 |
| 2018 | $1,426,000 | 904 | 13 | 109.6% | 77.8% | 1.2 |
| 2019 | $1,320,000 | 848 | 16 | 103.7% | 62.0% | 1.3 |
| 2020 | $1,390,000 | 812 | 19 | 102.3% | 53.8% | 1.7 |
| 2021 | $1,500,000 | 1,225 | 12 | 106.7% | 69.6% | 1.1 |
| 2022 | $1,467,500 | 951 | 19 | 105.8% | 59.1% | 1.6 |
| 2023 | $1,412,500 | 720 | 17 | 101.6% | 48.3% | 1.7 |
| 2024 | $1,600,000 | 815 | 14 | 104.8% | 61.0% | 1.7 |
| 2025 | $1,545,000 | 835 | 15 | 102.9% | 51.5% | 1.8 |
| 2026* | $1,757,500 | 309 | 13 | 106.5% | 59.2% | 1.9 |
Houses only
| Year | Median sale price | Homes sold | Median days on market | Sale price vs. list price | Sold above asking | Months of supply |
|---|---|---|---|---|---|---|
| 2012 | $750,000 | 653 | 14 | 102.3% | 55.1% | 1.3 |
| 2013 | $916,000 | 622 | 12 | 107.2% | 76.0% | 0.8 |
| 2014 | $1,001,000 | 563 | 13 | 107.6% | 77.3% | 0.8 |
| 2015 | $1,210,000 | 562 | 13 | 109.6% | 80.1% | 0.9 |
| 2016 | $1,285,000 | 525 | 14 | 107.5% | 77.0% | 1.1 |
| 2017 | $1,450,000 | 554 | 12 | 111.6% | 84.3% | 0.6 |
| 2018 | $1,580,000 | 567 | 14 | 110.8% | 78.5% | 1.0 |
| 2019 | $1,545,000 | 494 | 15 | 104.5% | 65.2% | 1.1 |
| 2020 | $1,612,500 | 505 | 15 | 103.2% | 59.0% | 1.2 |
| 2021 | $1,760,000 | 690 | 10 | 110.1% | 79.9% | 0.8 |
| 2022 | $1,860,000 | 509 | 13 | 109.1% | 67.6% | 1.2 |
| 2023 | $1,775,000 | 397 | 13 | 103.6% | 59.7% | 1.4 |
| 2024 | $1,942,000 | 472 | 12 | 107.6% | 72.0% | 1.2 |
| 2025 | $2,000,000 | 481 | 13 | 106.2% | 68.2% | 1.1 |
| 2026* | $2,106,250 | 182 | 12 | 110.7% | 75.8% | 1.0 |
Condos only
| Year | Median sale price | Homes sold | Median days on market | Sale price vs. list price | Sold above asking | Months of supply |
|---|---|---|---|---|---|---|
| 2012 | $390,000 | 305 | 25 | 100.1% | 43.3% | 2.0 |
| 2013 | $492,500 | 335 | 15 | 103.5% | 62.1% | 1.1 |
| 2014 | $540,000 | 326 | 16 | 103.5% | 66.0% | 1.1 |
| 2015 | $650,000 | 307 | 14 | 106.4% | 74.6% | 1.0 |
| 2016 | $717,000 | 303 | 25 | 104.5% | 68.3% | 1.3 |
| 2017 | $730,000 | 298 | 20 | 104.5% | 70.1% | 1.5 |
| 2018 | $875,050 | 257 | 12 | 107.6% | 75.1% | 1.8 |
| 2019 | $805,000 | 246 | 23 | 102.0% | 55.7% | 1.6 |
| 2020 | $810,000 | 218 | 28 | 100.3% | 42.7% | 2.7 |
| 2021 | $782,000 | 374 | 21 | 102.0% | 53.2% | 1.8 |
| 2022 | $810,000 | 315 | 34 | 101.0% | 45.1% | 2.5 |
| 2023 | $767,500 | 237 | 32 | 99.0% | 34.6% | 2.6 |
| 2024 | $765,000 | 230 | 33 | 100.6% | 42.6% | 3.0 |
| 2025 | $755,000 | 241 | 51 | 97.5% | 21.6% | 3.2 |
| 2026* | $827,500 | 80 | 34 | 99.5% | 26.2% | 3.8 |
* 2026 covers January through May only. Spring is the busiest, priciest season, so part-year prices run high.
About these numbers
Data provided by Redfin, a national real estate brokerage, from its Data Center. Redfin publishes monthly figures for the city. We combine the months into years: the yearly price and days on market are the monthly medians weighted by the number of homes sold, so they are close to, but not exactly, the true yearly median. Homes sold is the total of the months. "Sale price vs. list price" and "sold above asking" are monthly averages weighted the same way. Months of supply is how long the homes for sale would last at the current pace of sales, averaged over the year.
Condo figures rest on fewer sales, about 200 to 350 a year, so they jump around more.