San Mateo County Real Estate Market Update: July 2025 Home Prices & Trends by City
As we wrap up the summer selling season, the San Mateo County real estate market remains robust. Demand continues to outpace supply in many communities, with sellers benefiting from strong sales prices, short days on market, and high list-to-sale ratios. Below is a detailed breakdown of July 2025 data for some of the most in-demand cities across the county, giving sellers a clear view of how their local market is performing.
Countywide Trends: A Seller’s Market Persists
Across San Mateo County, the median sale price for single-family homes stands at $1,920,000, with an average sale price of $2,516,239. Homes are receiving approximately 102% of their list price, and the average time on market is just 25 days. With only 1.5 months of inventory, competition among buyers remains high, creating a favorable landscape for sellers.
Local City Highlights
Atherton
Known for its ultra-luxury market, Atherton reported an average sale price of $12.3M and median price of $11.6M, with homes selling in about 30 days. Despite high price points, sellers received 100% of list price, with 2.2 months of inventory, suggesting a stable, high-end market.
Belmont
Belmont homes are moving quickly, selling in an average of 19 days and fetching 104% of list price. The median sale price hit $2.48M, reflecting strong demand for this centrally located, family-friendly community.
Burlingame
One of the most active markets, Burlingame saw 23 homes sold in July with a median sale price of $2.85M. Homes sold in 21 days on average, achieving 107% of list price, and inventory remains tight at 1.5 months.
Hillsborough
Luxury continues to define Hillsborough, where the median price is $5.05M and homes average 29 days on market. Sellers received 98% of list price, slightly below other cities, but still healthy given the luxury segment. Inventory remains moderate at 2 months.
Menlo Park
Menlo Park continues to show strong performance, with 38 homes sold, a median sale price of $3.32M, and average DOM at 32 days. Sellers received 99% of list price, with inventory holding at 1.2 months, indicating steady buyer demand.
Millbrae
Millbrae stands out with an impressive median price of $2.16M and a rapid average of 24 days on market. Sellers achieved 102% of list price, and inventory is the lowest among these cities at 0.5 months, marking it as one of the most competitive markets right now.
San Carlos
Homes in San Carlos are moving at a brisk pace, averaging 18 days on market with a median price of $2.65M. Sellers received 105% of asking, reinforcing strong buyer motivation in this desirable Peninsula enclave.
San Mateo
A large and diverse city, San Mateo saw 56 homes sold with a median sale price of $1.93M. Homes are selling in just 18 days, with a 103% list-to-sale ratio. Inventory remains very manageable at 1 month, keeping pressure on buyers to act quickly.
What This Means for Sellers
Across the board, homes are selling quickly, often above list price, and inventory is low. Whether you're in a luxury market like Atherton or Hillsborough, or a high-demand city like Millbrae or Belmont, the data points to strong conditions for sellers heading into fall.
If you're considering listing your home, this is an opportune moment to maximize your equity. The combination of motivated buyers, limited supply, and favorable pricing trends means sellers are well-positioned for successful outcomes.
For a private consultation or tailored market analysis of your home, contact:
Lisa M. Lum
Coldwell Banker Realty
(650) 668-1868
lisa.lum@cbrealty.com