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Aragon Baywood Baywood Knolls Baywood Park (Baywood) Beresford (Beresford Park) Brewer Central San Mateo (Central) Clearview Downtown San Mateo (Downtown) Enchanted Hills Foothill Terrace Hacienda Hayward Park Haywood Park Highlands (Eichler) Hillsborough Heights (Heights) Hillsborough Knolls Homestead Lakeview Laurelwood Parrot Drive Area (Parrot Drive) Parrot Park San Mateo Park South San Mateo (South) South Shoreview Sunnybrae Tobin Clark Estate (Tobin Clark) Western Hills

SAN MATEO, CA 94402

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 94402

Aragon · Baywood · Baywood Knolls · Baywood Park (Baywood) · Beresford (Beresford Park) · Brewer · Central San Mateo (Central) · Clearview · Downtown San Mateo (Downtown) · Enchanted Hills · Foothill Terrace · Hacienda · Hayward Park · Haywood Park · Highlands (Eichler) · Hillsborough Heights (Heights) · Hillsborough Knolls · Homestead · Lakeview · Laurelwood · Parrot Drive Area (Parrot Drive) · Parrot Park · San Mateo Park · South San Mateo (South) · South Shoreview · Sunnybrae · Tobin Clark Estate (Tobin Clark) · Western Hills

Market Analysis

Data as of February 2026. Source: Realtor.com.

The SAN MATEO, CA real estate market (94402) currently shows 34 active listings, with 12 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 30 days on market compared to 26 days last year.

The median listing price has fallen 20.1% year-over-year, from $1,896,500 to $1,515,000.

Whether you are buying or selling in SAN MATEO, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 26,150  ·  Density: 1,998.0/mi²  ·  Median household income: $184,453

Typical home value: $2,000,000  ·  Homeownership: 63.1%

Market Overview

Active Listings
34
⇩ 8.1% vs 37 last year
Pending
12
35% pending ratio
Median Price
$1,515,000
⇩ 20.1% vs $1,896,500 last year
Average Price
$2,129,639
⇩ 2.7% vs $2,188,321 last year
Days on Market
30
⇧ 15.4% vs 26 days last year

Price Per Square Foot

Median $/sqft
$988
⇩ 3.6% vs $1,025/sqft last year
Median Home Size
1,562 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 37 last year
  • Days on market: 30 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $1,515,000 (-20.1% YoY)
  • Average: $2,129,639 (-2.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.4 miles — 295 listings ($820,846,136 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
94402San Mateo, CA 944020.0 mi31$68,235,402$1,588,000$2,201,142
94401San Mateo, CA 944012.5 mi24$24,372,624$799,000$1,015,526
94010Burlingame, CA 940103.3 mi31$182,044,059$4,149,000$5,872,389
94070San Carlos, CA 940704.6 mi26$58,755,892$1,555,000$2,259,842
94030Millbrae, CA 940305.6 mi19$32,265,857$1,384,444$1,698,203
94061Redwood City, CA 940617.6 mi24$38,133,672$1,382,500$1,588,903
94066San Bruno, CA 940668.0 mi31$28,967,113$655,000$934,423
94062Redwood City, CA 940628.2 mi29$152,188,781$3,288,000$5,247,889
94037Montara, CA 940378.9 mi2$2,873,998$1,436,999$1,436,999
94080South San Francisco, CA 940809.3 mi23$25,064,089$1,098,944$1,089,743
94025Menlo Park, CA 9402510.3 mi43$146,931,645$2,288,000$3,417,015
94301Palo Alto, CA 9430112.1 mi9$58,649,004$3,475,000$6,516,556
94305Stanford, CA 9430512.4 mi3$2,364,000$788,000$788,000

Frequently Asked Questions

How many homes are for sale in SAN MATEO, CA 94402?

As of February 2026, there are 34 active listings in SAN MATEO, CA (zip code 94402), compared to 37 the prior year.

What is the median home price in SAN MATEO, CA 94402?

The median listing price in SAN MATEO, CA 94402 is $1,515,000 as of February 2026, a 20.1% decrease from $1,896,500 the prior year.

How long do homes stay on the market in SAN MATEO, CA?

Homes in SAN MATEO, CA 94402 spend an average of 30 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in SAN MATEO, CA 94402?

Based on current inventory and days-on-market data as of February 2026, SAN MATEO, CA 94402 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 30 days on market compared to 26 days last year.

How much can I save on real estate commission in SAN MATEO, CA?

With SELL123.com's maximum 3% commission, sellers in SAN MATEO, CA 94402 save an estimated $30,300 compared to a typical 5% commission on the median listing price of $1,515,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.