Foreclosure Homes in San Mateo, CA 94403

Current Market Conditions in San Mateo, CA

The real estate market in San Mateo is competitive, with a diverse range of homes available, from charming bungalows to modern condos. The demand for housing continues to outpace supply, leading to rising home prices and quicker sales times. Buyers are often facing bidding wars, especially for properties in desirable neighborhoods.

Currently, the luxury home segment is experiencing significant interest, with many buyers seeking spacious homes that accommodate remote work and outdoor spaces.

Investors are recognizing the potential in San Mateo, given its ideal location and robust job market. Expect continued growth in property values as development projects in the area progress.

Rent Prices In San Mateo, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in San Mateo, CA, is on a rollercoaster ride. The average rent price in San Mateo, CA, is $3,889.00. Indeed, when looking to rent in San Mateo, CA, you can expect to pay as little as $1,720.00 or as much as $7,480.00, with the average rent median estimated to be $3,800.00. The good news is that finding an affordable and desirable property to rent in San Mateo, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.