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Monday, April 21, 2025

San Mateo Highlands home prices fall in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in San Mateo Highlands fell by $273,000 while total sales decreased by 71.4%, according to BlockShopper.com.

From January through March of 2017, there were two homes sold, with a median sale price of $1,425,000 - a 16.1% decrease over the $1,698,000 median sale price for the same period of the previous year. There were seven homes sold in San Mateo Highlands in the first quarter of 2016.

The median sales tax in San Mateo Highlands for the most recent year with available data, 2015, was $8,058, approximately 0.6% of the median home sale price for the first quarter of 2017.

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

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Burlingame Hills31200%$1,800,000$200,000800%
Menlo Park59590%$1,800,000$2,280,000-21.1%
Sequoia12771.4%$1,660,000$1,399,00018.7%
San Carlos655420.4%$1,530,000$1,501,0001.9%
Belmont402937.9%$1,520,000$1,300,00016.9%
San Mateo Highlands27-71.4%$1,425,000$1,698,000-16.1%
Foster City44432.3%$1,275,000$1,200,0006.3%
Miramar21100%$1,250,000$918,00036.2%
Millbrae322718.5%$1,240,000$1,300,000-4.6%
Redwood City111126-11.9%$1,150,000$1,171,500-1.8%
San Mateo1621554.5%$1,100,000$875,00025.7%

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