San Mateo County - Q2 2025 Market Overview
San Mateo’s inventory climbed sharply in Q2, nearing 1,000 active listings—a high not seen since mid-2022—suggesting stronger seller confidence or slower absorption. Yet, sold listings remain in line with last year’s seasonal patterns, indicating buyers are still being selective. Median sales prices rebounded above $1.75M, while average price per square foot stabilized around $1,125. Days on market trended downward in May but ticked back up in June, showing a mix of urgency and hesitation. Overall, pricing strength continues, but absorption remains uneven.