Market Intelligence · CA / San Mateo

San Mateo, CA 94404 Housing Market

San Mateo's 94404 ZIP code shows typical home values at $1,702,015, up 1.5% over the past year. The median list price stands at $1,145,000, with homes spending a median of 36 days on market as of September 2026.

Updated September 2026Median value$1702K

The median home value in San Mateo, CA 94404 is $1.7M as of September 2026, up 1.5% 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 94404 range

$1.57M to $1.84M

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

+1.5% over 12 months

Sep 2025$1.68M

Low $1.68MHigh $1.7M

Sep 2026$1.7M

The numbers

What is the 94404 housing market like?

As of September 2026

Typical home value

$1.7M

1.5%YoY

Median list price

$1.15M

0.0%MoM

Days on market

29.4%MoM

Homes for sale

18.7%MoM

Price cuts

6.8%

71.2%MoM

New listings

62.5%MoM

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

The outlook

94404 housing market forecast 2027

+1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94404 to rise 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 94404 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 94404?

Zillow's forecast does not call for a drop: it expects typical home values in 94404 to rise 1.2% by September 2027, after a 1.5% 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 94404 home prices compare?

94404$1,702,015
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

There are 26 homes for sale in 94404, matching the count of new listings that entered the market recently. At 36 days median time on market, homes are moving at a measured pace. Only 6.8% of listings have seen a price cut, suggesting most sellers are holding their asking prices. The year-over-year gain of 1.5% in typical home value reflects a stable market, though the moderate inventory and measured days on market indicate buyers have options and time to decide.

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Home price

Down payment20% · $340,403

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Common questions

What people ask us.

What is the typical home value in 94404?

The typical home value in 94404 is $1,702,015, which has increased 1.5% over the past year as of September 2026.

How many homes are for sale in 94404?

There are 26 homes for sale in 94404 as of September 2026, with 26 new listings having entered the market.

How long do homes typically stay on the market in 94404?

The median days on market in 94404 is 36 days as of September 2026.

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