Monthly market wrap MONTHLY MARKET WRAP San Mateo Condos · May 2026 The San Mateo market tilted hotter in May: most key signals moved the seller's way. Median sale price $854K ▲ +34.4% vs Apr Time to pending 24d ▼ 15 days faster vs Apr Sold over asking 30% ▲ +10 pts vs Apr Active listings 68 ▼ -2.9% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING San Mateo Condos · May 2026 30% of San Mateo condos sold over asking, so pricing right matters more than ever. 101.1% average sale price vs. asking price Sold over asking 30% vs. a year ago +16 pts 101.2% 99.0% 96.8% Sold at asking price 101.1% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP San Mateo Condos · May 2026 The typical San Mateo condo closes +1.1% above its asking price. -$796K median sale price minus asking price Median asking price $1.65M Median sale price $854K $1.65M $1.23M $811K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE San Mateo Condos · May 2026 San Mateo condo values are climbing, up +28.4% in a year. $854K median sale price Year over year +28.4% Homes sold last month 20 $898K $798K $697K $854K Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL San Mateo Condos · May 2026 The typical San Mateo condo goes pending in 24 days, 14 days faster than last year. 24 days median time to pending Gone within two weeks 21% vs. a year ago 14 days faster 98d 65d 33d 24d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS San Mateo Condos · May 2026 San Mateo inventory is up 4.6% year over year, a steadier supply picture for condos. 68 active listings Year over year +4.6% Months of supply 3.4 64 51 37 68 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in San Mateo? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS San Mateo Condos · May 2026 21% of San Mateo listings cut their asking price last month, down 7 pts from a year ago. 21% of active listings cut their asking price vs. a year ago -7 pts Active listings 68 25% 21% 16% 21% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET San Mateo Condos · May 2026 Only 21% of San Mateo condos went pending within two weeks. Most listings are taking their time. 21% of listings went pending within two weeks Median time to pending 24 days vs. a year ago +7 pts 42% 28% 13% Half of listings 21% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY San Mateo Condos · May 2026 December is historically San Mateo's calmest month for buyers: 3.9 pts less over-asking than April. December historically the calmest month for buyers Buyer's edge vs April -3.9 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -1.8 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE San Mateo Condos · May 2026 San Mateo condo values are up +12% over the past 10 years. +12% median sale price growth since 2016 Median price in 2016 $764K Average gain per year +1.1% $829K $776K $722K $854K May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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