San Mateo is currently tilted toward sellers, with the market gauge at 22 indicating a modest advantage for homeowners. Typical home values sit around $232,500, noticeably below Jacksonville’s $300,000. Buyers will find that conditions still favor sellers, but not overwhelmingly so.
Prices have softened over the past year, with typical home values down about 3.13% year over year, while median list prices have edged up 1.63% month over month to about $237,500. At the same time, inventory has shifted, dropping 13.33% from last year but rising 18.18% month over month to 13 homes, with 11 new listings and 6 pending sales in the latest month.
Homes are taking time to move, spending a median of 94 days on the market, which is slightly longer than last month but about 17.54% faster than a year ago. Despite that slower pace, half of recent sales have closed above the listing price, yet sellers are accepting an average of about 91.9% of list overall, reflecting some room for negotiation. Looking ahead to April 2026, typical values are projected to ease to about $228,750 while median list prices may edge up and inventory could reach 14 homes, signaling a nuanced environment for pricing and timing. Whether you plan to buy or sell in San Mateo, Agent Pronto can connect you with a local agent who understands these trends and can guide you through them effectively.
