San Mateo currently leans toward sellers, with the local gauge indicating a seller’s market. Housing supply sits at about five and a half months, higher than Jacksonville’s 4.1 months but still not strongly tilted to buyers. Listings typically spend close to two months on the market, with a median of 56 days in this rolling three-month view.
Prices have been edging up even as activity cools. The typical home value is up around 9% from a year ago, while the median list price is down more than 10% year over year, suggesting sellers are adjusting expectations to meet buyers. Compared with last year, homes sold in this period have fallen by about one fifth, and pending sales are roughly flat, pointing to steadier demand but fewer completed deals.
Inventory tells a nuanced story for San Mateo buyers and sellers. Active listings are slightly lower than a year ago, and new listings are only modestly higher, so choices are limited even as supply has nearly doubled from early summer levels. Homes are taking less time to sell than a year ago, and the average sale-to-list ratio has improved to about 98%, even though virtually no homes have sold above asking in this period. With these mixed signals, both buyers and sellers can benefit from an Agent Pronto–recommended real estate agent who understands the numbers and how to navigate this market.
