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Monday, April 21, 2025

San Mateo home prices rise in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in San Mateo rose by $162,500 while total sales increased by 6.1%, according to BlockShopper.com.

From April through June of 2017, there were 261 homes sold, with a median sale price of $1,215,000 - a 15.4% increase over the $1,052,500 median sale price for the same period of the previous year. There were 246 homes sold in San Mateo in the second quarter of 2016.

The median sales tax in San Mateo for the most recent year with available data, 2015, was $5,970, approximately 0.5% of the median home sale price for the second quarter of 2017.

The following table compares San Mateo to other San Mateo County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Millbrae573946.2%$1,500,000$1,300,00015.4%
Miramar440%$1,497,500$1,430,0004.7%
Los Trancos Woods41300%$1,427,500$1,120,00027.5%
Redwood City173201-13.9%$1,425,000$1,200,00018.8%
Foster City837412.2%$1,360,500$1,100,00023.7%
San Mateo2612466.1%$1,215,000$1,052,50015.4%
Half Moon Bay3233-3%$1,151,000$895,00028.6%
El Granada191618.8%$999,000$1,025,000-2.5%
North Fair Oaks222010%$956,500$1,057,500-9.6%
Sky Londa20-$953,750$0-
Montara12850%$925,000$850,0008.8%

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