Is San Mateo, FL 32187 a buyer’s or seller’s market?
San Mateo is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The San Mateo housing market right now
In the three months ending August 31, 2026, 0% of homes in San Mateo, FL 32187 sold above their list price, the typical home went under contract in 109 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (72 days then) and the median sale price fell 33% to $267,384. Overall, San Mateo is less competitive than a year ago, which gives buyers more room.
Within Putnam County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Interlachen 32148 (21% sold over asking) and Pomona Park 32181 (20% sold over asking) are even more competitive.
Run the numbers for 32187
Nearby markets
Crescent City 32112Buyer’s market $226 /sq ftEast Palatka 32131Balanced $182 /sq ftFlorahome 32140Seller’s market $198 /sq ftGeorgetown 32139Buyer’s market $168 /sq ft Browse all markets →Towns like San Mateo nearby
Find towns like San Mateo in other states →Where San Mateo is
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Questions about San Mateo real estate
Is San Mateo a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in San Mateo, FL 32187 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in San Mateo?
The typical home went under contract in 109 days in the latest three months.
Do homes in San Mateo sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.5% of the list price.
What are property taxes in San Mateo?
About 0.78% of a home’s value a year in Putnam County, or roughly $3,120 on a $400,000 home.
What is the median home price in San Mateo?
The median sale price was $267,384 in the three months ending August 31, 2026, about $195 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology