San Mateo County - Q1 2025 Market Overview
In Q1 2025, the San Mateo County real estate market showed a typical seasonal rebound, with active listings rising from under 400 in January to over 700 by March, and sold listings nearly doubling over the same period. Median sales price ended the quarter around $1.65M, up from Q4 but relatively flat year-over-year, signaling pricing stability. Days on market dropped sharply from 44 to 23, reflecting stronger buyer engagement, while average price per square foot climbed from $1,050 to over $1,130. Overall, the market is stabilizing with moderate price growth, faster absorption, and increasing seller participation, setting the stage for a competitive and active spring quarter.