Is San Mateo, CA 94402 a buyer’s or seller’s market?

The San Mateo housing market right now

In the three months ending August 31, 2026, 63% of homes in San Mateo, CA 94402 sold above their list price, the typical home went under contract in 12 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 86 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 53%, homes sold faster (14 days then) and the median sale price rose 6% to $2,548,897. Overall, San Mateo is more competitive than a year ago, so tougher for buyers.

Within San Mateo County, homes here sell faster than in 96% of the county’s ZIP codes, and sell more often over asking than in 81%. On our competition score, San Mateo ranks #17 of 1,069 CA ZIP codes with enough sales (score 97 out of 100).

Nearby, buyers who want less competition could look at San Gregorio 94074 (0% sold over asking) or Pescadero 94060 (0% sold over asking), while South San Francisco 94080 (71% sold over asking) and San Mateo 94403 (69% sold over asking) are even more competitive.