Call or Text (240) SELL-123
Admirals Bays Birds Boats (Boat Parts) Chess Constellations and Stars East San Mateo (East) Edgewater Isle (Edgewater Isle South) Explorers Famous Ships Fish Harbortown Islands Laguna Vista Las Casitas Lincoln Marina Lagoon Mariner's Cove (Mariners Cove) Mariner's Green (Mariners Green) Mariner's Island (Mariners Island) Parkside Pilgrim-Triton Town Center (Downtown) Vintage Park

SAN MATEO, CA 94404

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 94404

Admirals · Bays · Birds · Boats (Boat Parts) · Chess · Constellations and Stars · East San Mateo (East) · Edgewater Isle (Edgewater Isle South) · Explorers · Famous Ships · Fish · Harbortown · Islands · Laguna Vista · Las Casitas · Lincoln · Marina Lagoon · Mariner's Cove (Mariners Cove) · Mariner's Green (Mariners Green) · Mariner's Island (Mariners Island) · Parkside · Pilgrim-Triton · Town Center (Downtown) · Vintage Park

Market Analysis

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

The SAN MATEO, CA real estate market (94404) currently shows 47 active listings, with 18 pending sales. Homes are averaging 20 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 20 days on market compared to 22 days last year.

The median listing price has risen 18.9% year-over-year, from $1,169,000 to $1,390,250.

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: 36,397  ·  Density: 3,230.6/mi²  ·  Median household income: $182,699

Typical home value: $1,590,300  ·  Homeownership: 52.3%

Market Overview

Active Listings
47
⇩ 4.1% vs 49 last year
Pending
18
38% pending ratio
Median Price
$1,390,250
⇧ 18.9% vs $1,169,000 last year
Average Price
$1,464,339
⇧ 21.2% vs $1,207,861 last year
Days on Market
20
⇩ 9.1% vs 22 days last year

Price Per Square Foot

Median $/sqft
$913
⇧ 4.3% vs $875/sqft last year
Median Home Size
1,542 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 47 this year vs 49 last year
  • Days on market: 20 now vs 22 last year

Median & Average Pricing

Year over Year
  • Median: $1,390,250 (+18.9% YoY)
  • Average: $1,464,339 (+21.2% 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 11.2 miles — 286 listings ($734,334,540 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
94404San Mateo, CA 944040.0 mi35$52,539,200$1,449,000$1,501,120
94403San Mateo, CA 944032.3 mi23$42,351,740$1,690,060$1,841,380
94002Belmont, CA 940023.4 mi13$25,023,414$1,549,000$1,924,878
94070San Carlos, CA 940704.1 mi26$58,755,892$1,555,000$2,259,842
94010Burlingame, CA 940106.1 mi31$182,044,059$4,149,000$5,872,389
94027Atherton, CA 940277.9 mi8$107,913,000$13,874,000$13,489,125
94025Menlo Park, CA 940258.7 mi43$146,931,645$2,288,000$3,417,015
94545Hayward, CA 945459.6 mi18$16,475,148$888,500$915,286
94066San Bruno, CA 9406610.1 mi31$28,967,113$655,000$934,423
94019Half Moon Bay, CA 9401910.4 mi28$50,313,928$1,624,500$1,796,926
94579San Leandro, CA 9457910.9 mi11$7,838,105$695,000$712,555
94305Stanford, CA 9430511.1 mi3$2,364,000$788,000$788,000
94580San Lorenzo, CA 9458011.2 mi16$12,817,296$799,000$801,081

Frequently Asked Questions

How many homes are for sale in SAN MATEO, CA 94404?

As of February 2026, there are 47 active listings in SAN MATEO, CA (zip code 94404), compared to 49 the prior year.

What is the median home price in SAN MATEO, CA 94404?

The median listing price in SAN MATEO, CA 94404 is $1,390,250 as of February 2026, a 18.9% increase from $1,169,000 the prior year.

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

Homes in SAN MATEO, CA 94404 spend an average of 20 days on the market before going under contract, compared to 22 days the prior year.

Is it a seller's or buyer's market in SAN MATEO, CA 94404?

Based on current inventory and days-on-market data as of February 2026, SAN MATEO, CA 94404 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 20 days on market compared to 22 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 94404 save an estimated $27,805 compared to a typical 5% commission on the median listing price of $1,390,250. 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.