November Median Sales Price: San Mateo County
San Mateo County continues to showcase its dynamic real estate market with median home prices reflecting the unique character and desirability of its cities. If you're curious about the latest market trends or wondering how your neighborhood compares, here's a detailed breakdown of November 2024 median sales prices for single-family homes in San Mateo County.
A Snapshot of San Mateo County's Housing Market
San Mateo County remains one of the most competitive real estate markets in California. From the opulent estates of Atherton to the coastal charm of Half Moon Bay, each city offers its own unique appeal. Let’s explore the numbers that define this vibrant region.
Median Home Prices by City in November 2024
Here’s how the numbers stack up for single-family homes across San Mateo County:
Atherton: $7,308,000
Belmont: $2,123,750
Brisbane: $1,226,500
Burlingame: $3,275,200
Colma: $950,000
Daly City: $1,085,000
East Palo Alto: $970,000
El Granada: $1,815,000
Foster City: $2,150,000
Half Moon Bay: $1,850,000
Hillsborough: $7,575,000
Menlo Park: $3,600,000
Millbrae: $2,225,000
Moss Beach: $1,175,000
Pacifica: $1,453,500
Pescadero: $1,517,500
Portola Valley: $8,350,000
Redwood City: $1,849,000
San Bruno: $1,526,000
San Carlos: $2,600,000
San Mateo: $2,130,000
Woodside: $7,800,000
Redwood Shores: $3,100,000
South San Francisco: $1,227,50
Market Insights
Luxury Markets
Atherton, Woodside, and Hillsborough continue to dominate the luxury market, with median prices surpassing $7 million. These cities offer expansive estates, privacy, and proximity to tech hubs like Menlo Park and Palo Alto.
Portola Valley took the top spot in November, with a staggering $8,350,000 median price, making it one of the most exclusive locations in the county.
Mid-Range Markets
Cities like San Carlos ($2,600,000), Millbrae ($2,225,000), and Foster City ($2,150,000) remain attractive to families looking for a balance of suburban comfort and accessibility to major employment centers.
Burlingame ($3,275,200) and Redwood Shores ($3,100,000) continue to attract professionals seeking upscale living near excellent schools and recreational amenities.
Affordable Options
On the more affordable end, Colma ($950,000) and East Palo Alto ($970,000) offer potential opportunities for first-time buyers and investors.
Daly City ($1,085,000) and Brisbane ($1,226,500) are also worth exploring, offering proximity to San Francisco with a slightly lower price tag than neighboring cities.
Why Median Prices Matter
Median home prices provide a clearer picture of the market than averages because they eliminate the influence of extremely high or low prices. For buyers and sellers, these numbers serve as valuable benchmarks for understanding market trends and setting realistic expectations.