Is San Mateo, CA 94404 a buyer’s or seller’s market?

The San Mateo housing market right now

In the three months ending August 31, 2026, 38% of homes in San Mateo, CA 94404 sold above their list price, the typical home went under contract in 28 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 80 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (40% then), homes sold more slowly (23 days then) and the median sale price fell 11% to $1,332,423. Overall, San Mateo is about as competitive as it was a year ago.

Within San Mateo County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, San Mateo ranks #165 of 1,069 CA ZIP codes with enough sales (score 81 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.