We’re back with the latest scoop on San Mateo County’s housing market! As your trusted local experts, we’ve broken down the key numbers from August so you can see how the market is shifting and what it means for you.
If you’re planning to buy or sell in the Bay Area, now’s the time to stay informed — and we’re here to help you every step of the way.
Market Regains Strength After a Shaky Spring
Earlier this year, the Bay Area market was slowed down by global and economic uncertainty. But as of early September, things are looking brighter.
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Stock markets bounced back and hit new highs
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Consumer confidence is trending upward
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Mortgage rates dropped to their lowest point in 2025
Bolstered by the ongoing AI boom in Silicon Valley and San Francisco, San Mateo County continues to be one of the strongest housing markets in the Bay Area — especially in its most affluent towns.
Prices Holding, With Some Shifts
The 3-month rolling median house price in August 2025 declined slightly (less than 5%) compared to last year. Still, individual cities across the county saw year-over-year increases, showing that pricing strength depends heavily on location and property type.
This leveling is a reminder that while the overall market is steady, buyers are price-sensitive — and sellers need the right strategy to get the best results.
Overbidding Eases, But Competition Remains
The average home in August sold for about 0.5% above the list price, which is down from +4% in August 2024. Houses averaged about 1% over asking, while condos averaged 3% below list price.
That means multiple offers are still happening, but not at the intensity we saw in spring or last year. Sellers can still expect activity if their home is well-priced, while buyers may find a bit more breathing room.
Homes Are Taking a Little Longer to Sell
On average, homes in San Mateo County took 4 days longer to sell in August 2025 compared to last year. While this may feel like a slowdown, it’s more of a seasonal adjustment — summer often brings slightly longer timelines compared to the spring peak.
Even with this shift, demand is steady, and homes that show well are still attracting buyers quickly.
Inventory Still High for the Season
As of August 1st, there were 961 active listings, down from July but still 18% higher than last year. About 65% were single-family homes, while 35% were condos or townhouses.
This marks one of the highest early-August inventory levels in recent years, giving buyers more options and reducing some of the extreme competition we’ve seen in the past.
Mortgage Rates Hit 2025 Lows
The big news for buyers: mortgage rates fell to their lowest level of 2025 in early September. Lower borrowing costs can make a huge difference in affordability, and may encourage more buyers to re-enter the market this fall.
What This Means for You
For Buyers: More inventory and lower rates mean more choices and better affordability than earlier this year. It’s a good time to explore before the fall market heats up again.
For Sellers: The market is still strong, but buyers are watching pricing closely. Homes that are staged well and priced strategically are the ones moving fastest.
Let’s Talk About Your Next Step
Whether you’re buying, selling, or just curious, we’d love to help you understand what today’s market means for you.
📞 Contact us today — let’s make your real estate goals happen.
Note: Data is based on July 2025 MLS sales in San Mateo County and reliable economic sources. All numbers are approximate and subject to change as late sales are reported.
