San Mateo Real Estate Market Trends
Market Overview for Quarter 2, 2024
Median Sale Price
13.6% YoY
Median Price/Sqft
18.5% YoY
No. of Transactions
14.4% YoY
County Median Sale Price
9.7% YoY
In Q2, the median home sale price in San Mateo was $1.7M, up 13.6% year-over-year. Sales activity was also on the rise, with a total of 254 sales closed, representing a year-over-year increase of 14.4%. At the same time, the median price per square foot in Q2 was $1K, representing a change of 18.5% year-over-year. The median sale price for San Mateo County homes was $1.7M.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in San Mateo County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Atherton | $9,500,000 |
| 2 | Hillsborough | $5,700,000 |
| 3 | Menlo Park | $2,934,500 |
| 4 | Burlingame | $2,637,500 |
| 5 | Belmont | $2,288,000 |
| 6 | San Carlos | $2,050,000 |
| 7 | Foster City | $1,976,000 |
| 8 | Millbrae | $1,928,500 |
| 9 | Redwood City | $1,835,000 |
| 10 | Half Moon Bay | $1,700,000 |
| 11 | San Mateo | $1,675,000 |
| 12 | San Bruno | $1,404,000 |
| 13 | Pacifica | $1,242,500 |
| 14 | South San Francisco | $1,200,000 |
| 15 | Daly City | $1,100,000 |
Residential Property Types Sold in San Mateo
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | $896K | 3% | $848 | 4.6% | 82 |
| House | $2.1M | 14.7% | $1K | 1.1% | 172 |
The Q2 median sale price for San Mateo houses was $2.1M, increasing 14.7% year-over-year. While the median for houses was trending up, condo prices in San Mateo remained flat year-over-year at $896K.
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