Downtown San Mateo, San Mateo Housing Market

Downtown San Mateo, San Mateo Market Snapshot

Downtown San Mateo is a balanced market and tilting gently toward buyers. A good environment for thoughtful decisions on both sides:

Based on 15 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$870K
Down 28.5% from March 2025
Down $348K from March 2025
Homes Sold
15
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$5,398/mo
6.3% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$4,308
  • Property Tax$906
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
19 days
2 more days than in March 2025
Homes typically sell within a month
Sale-to-List Ratio
102.0%
Down from 104.6% in March 2025
Selling at or near asking price
% Sold Over Asking
53%
More than half of homes sold above their asking price
Active Listings
11
Down 60.7% from March 2025
About 0.7 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Downtown San Mateo.

Median Sale Price
Down 28.5% year-over-year in Downtown San Mateo. Based on 15 sales in the most recent month.
Homes Sold
50% more homes sold than a year ago in Downtown San Mateo.
Total Monthly Payment
Estimated monthly cost is down 29% from a year ago in Downtown San Mateo, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.3%. Your actual rate depends on your credit, down payment, and loan type.
Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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