The February 2026 real estate market report reflects residential activity from January and provides a clear look at pricing trends, inventory levels, and market pace across both single-family homes and condominiums in San Mateo.
San Mateo Housing Stats
There were 373 new single-family listings introduced in January, with 156 homes sold during the month. Inventory measured 2.4 months, indicating limited supply in the detached home market.
The median sale price reached $1.9 million. Homes sold for a median of 103% of their list price, demonstrating continued competitive conditions. Properties moved efficiently, averaging 37 days on market.
San Mateo Condo & Townhouses Stats
The condo and townhome segment saw 154 new listings come to market, with 55 properties sold during January. Inventory stood at 3.7 months, offering more selection compared to single-family homes.
The median sale price for condos and townhomes was $830,000. Properties sold at a median of 98.9% of list price, reflecting more balanced negotiation conditions. The average time on market was 60 days.
What This Means for Buyers
Buyers considering single-family homes continue to face competitive conditions. With 2.4 months of inventory and homes selling above list price on average, desirable properties are attracting strong interest. Preparation and timing remain important factors when navigating this segment.
In the condo and townhome market, buyers have slightly more breathing room. With higher inventory levels and homes selling closer to list price, negotiation opportunities may be more available. This segment may present attractive options for those seeking flexibility in both price and pace.
What This Means for Sellers
Single-family sellers remain in a strong position due to limited inventory and steady demand. Homes that are priced strategically and presented well are achieving favorable outcomes and moving relatively quickly.
For condo and townhome sellers, conditions are active but more balanced. With longer average days on market and more available inventory, competitive pricing and thoughtful preparation are essential to stand out.
Conclusion
The San Mateo market continues to show distinct dynamics between property types. Single-family homes remain competitive with limited supply, while condos and townhomes offer a more balanced environment. Understanding these differences is key to making informed decisions.
If you are considering buying or selling in San Mateo, a personalized review of your property type, price range, and goals can help you navigate the current market with clarity and confidence. Reach out to discuss how these trends apply specifically to you.
San Mateo County Homes by Price
San Mateo Homes for Sale
Here are the most recent single-home listings just added to the database in the median sale price range for San Mateo County. All homes here are priced at $1,900,000 or less.
San Mateo Condos & Townhouses for Sale
Here are the most recent condominium listings just added to the database in the median sale price range for San Mateo County. All homes here are priced at $830,000 or less.
