Market Intelligence · CA / San Mateo

San Mateo, CA 94402 Housing Market

The typical home value in San Mateo, CA 94402 is $2,455,158, up 8.8% over the past year as of September 2026. The median list price is $1,864,500, and homes spend a median of 28 days on market.

Updated September 2026Median value$2455K

The median home value in San Mateo, CA 94402 is $2.46M as of September 2026, up 8.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 94402 range

$2.26M to $2.65M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+8.8% over 12 months

Sep 2025$2.26M

Low $2.26MHigh $2.46M

Sep 2026$2.46M

The numbers

What is the 94402 housing market like?

As of September 2026

Typical home value

$2.46M

8.8%YoY

Median list price

$1.86M

23.2%MoM

Days on market

17.6%MoM

Homes for sale

11.1%MoM

Price cuts

15.8%

93.0%MoM

New listings

133.3%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

94402 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94402 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 94402 rose 8.8%, per the Zillow Home Value Index.

Will home prices drop in 94402?

Zillow's forecast does not call for a drop: it expects typical home values in 94402 to rise 1.9% by September 2027, after a 8.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 94402 home prices compare?

94402$2,455,158
San Mateo$1,755,499
California$692,765
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (San Mateo: 4 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 30 homes for sale in San Mateo, CA 94402, with 28 new listings coming to market. Homes are moving at a median of 28 days, which suggests steady buyer activity. About 15.8% of listings have taken a price cut, so some sellers are adjusting expectations even as values climb. With the typical home value at $2,455,158 and trending up 8.8% over the past year, the market still favors sellers. If your home is priced right from the start, the data suggests you are likely to find a buyer without a long wait.

Monthly payment

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Home price

Down payment20% · $491,032

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Common questions

What people ask us.

How much is a home in 94402 worth?

The typical home value in San Mateo, CA 94402 is $2,455,158 as of September 2026, up 8.8% over the past year.

How fast are homes selling in 94402?

Homes in 94402 spend a median of 28 days on market as of September 2026, with 30 homes currently for sale.

Are sellers cutting prices in 94402?

About 15.8% of listings in 94402 had a price cut as of September 2026, while the median list price sits at $1,864,500.

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Nearby ZIP markets.

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