Blog > Where Peninsula Homes Sell Over Asking: Nine Cities Compared (2026)
How often do Peninsula houses sell over asking? In the last 12 months, the share of houses that sold above their final list price ran from 60% in Menlo Park to 83% in South San Francisco, across nine San Mateo County cities. The typical house sale ran from 2.4% over asking in Menlo Park to 10% over asking in Daly City. By the typical sale against asking, seven of the nine were hotter than the 12 months before.
The short answer
- South San Francisco: 83% of houses sold over asking, the typical one 8.6% over asking (202 houses). The year before: 77%, 7% over asking.
- Daly City: 78% of houses sold over asking, the typical one 10% over asking (309 houses). The year before: 77%, 7% over asking.
- San Bruno: 78% of houses sold over asking, the typical one 7.3% over asking (161 houses). The year before: 65%, 3.6% over asking.
- San Mateo: 75% of houses sold over asking, the typical one 9.1% over asking (471 houses). The year before: 68%, 4.7% over asking.
- Redwood City: 70% of houses sold over asking, the typical one 4.3% over asking (470 houses). The year before: 61%, 1.5% over asking.
- Belmont: 67% of houses sold over asking, the typical one 3.4% over asking (163 houses). The year before: 73%, 5.8% over asking.
- Burlingame: 66% of houses sold over asking, the typical one 5.4% over asking (185 houses). The year before: 63%, 2.7% over asking.
- San Carlos: 64% of houses sold over asking, the typical one 3.5% over asking (230 houses). The year before: 63%, 3.4% over asking.
- Menlo Park: 60% of houses sold over asking, the typical one 2.4% over asking (261 houses). The year before: 56%, 0.5% over asking.
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Nine cities compared
| City | Houses sold | Median price | Typical sale | Over asking | Year before: typical | Year before: over | Change |
|---|---|---|---|---|---|---|---|
| South San Francisco | 202 | $1.31M | 8.6% over asking | 83% | 7% over asking | 77% | hotter |
| Daly City | 309 | $1.26M | 10% over asking | 78% | 7% over asking | 77% | hotter |
| San Bruno | 161 | $1.48M | 7.3% over asking | 78% | 3.6% over asking | 65% | hotter |
| San Mateo | 471 | $2.23M | 9.1% over asking | 75% | 4.7% over asking | 68% | hotter |
| Redwood City | 470 | $2.36M | 4.3% over asking | 70% | 1.5% over asking | 61% | hotter |
| Belmont | 163 | $2.35M | 3.4% over asking | 67% | 5.8% over asking | 73% | cooler |
| Burlingame | 185 | $3.21M | 5.4% over asking | 66% | 2.7% over asking | 63% | hotter |
| San Carlos | 230 | $2.75M | 3.5% over asking | 64% | 3.4% over asking | 63% | about the same |
| Menlo Park | 261 | $3.6M | 2.4% over asking | 60% | 0.5% over asking | 56% | hotter |
Hotter or cooler than a year ago
We call a city hotter when its typical house sale moved at least half a point further over asking than in the 12 months before, and cooler when it moved half a point the other way. San Mateo, Redwood City, Daly City, Menlo Park, South San Francisco, San Bruno and Burlingame were hotter. San Carlos was about the same. Belmont was cooler.
Where buyers bid hardest in each city
House sales in the last 24 months (October 28, 2024 to October 27, 2026), by price range and by size; ranges with fewer than 12 sales are left out.
| City | Hottest price range | Typical sale | Coolest price range | Typical sale | Hottest size | Typical sale |
|---|---|---|---|---|---|---|
| San Mateo | $3M–$3.5M | 10.4% over asking | $3.5M and up | 4.4% over asking | 1,500–2,000 sq ft | 8.7% over asking |
| Redwood City | $2M–$2.5M | 4.9% over asking | Under $1M | 3% under asking | 1,500–2,000 sq ft | 5.6% over asking |
| Daly City | $1.5M–$1.75M | 11.8% over asking | $750K–$1M | 2.2% over asking | 1,500–2,000 sq ft | 10.2% over asking |
| Menlo Park | $1.5M–$2.5M | 5.3% over asking | $4.5M–$5.5M and $6.5M and up | at asking | Under 1,500 sq ft | 5.7% over asking |
| San Carlos | $3M–$3.5M | 8.1% over asking | $1.5M–$2M | at asking | 1,500–2,000 sq ft | 5.2% over asking |
| South San Francisco | $1.25M–$1.5M | 10.2% over asking | Under $1M | at asking | 2,000–2,500 sq ft | 10.2% over asking |
| San Bruno | $2M and up | 10.5% over asking | Under $1.25M | at asking | 2,000–2,500 sq ft | 6.8% over asking |
| Burlingame | $3M–$3.5M | 7.6% over asking | $4.5M–$5M | at asking | Under 1,500 sq ft | 6.3% over asking |
| Belmont | $3.5M–$4M | 7.3% over asking | $4M and up | at asking | Under 1,500 sq ft | 8.2% over asking |
Condos and townhomes
The last 12 months (October 28, 2025 to October 27, 2026). Burlingame and Belmont are left out: fewer than 50 condo and townhome sales in at least one of the last two years.
| City | Sales | Typical sale | Over asking | Year before: typical |
|---|---|---|---|---|
| South San Francisco | 65 | 0.2% over asking | 58% | at asking |
| Daly City | 77 | 0.2% over asking | 52% | at asking |
| San Carlos | 67 | at asking | 39% | 0.5% under asking |
| Menlo Park | 77 | at asking | 36% | at asking |
| San Mateo | 270 | 0.9% under asking | 29% | 0.7% under asking |
| San Bruno | 58 | 0.9% under asking | 28% | 1.1% under asking |
| Redwood City | 98 | 1.5% under asking | 21% | 0.7% under asking |
Reading it right
- Sale price is compared with the final list price, so a home that was cut before selling is measured against its last price.
- A list price is a pricing choice, so the share over asking says as much about how homes are listed as about what they sold for. Compare sale prices too.
- The typical sale is the median sale-to-list ratio: half the sales closed above it, half below.
Each city in detail
- Where San Mateo homes sell over asking, by price and size
- Where Redwood City homes sell over asking, by price and size
- Where Daly City homes sell over asking, by price and size
- Where Menlo Park homes sell over asking, by price and size
- Where San Carlos homes sell over asking, by price and size
- Where South San Francisco homes sell over asking, by price and size
- Where San Bruno homes sell over asking, by price and size
- Where Burlingame homes sell over asking, by price and size
- Where Belmont homes sell over asking, by price and size
Neighborhood by neighborhood
San Mateo, Redwood City, Daly City, Menlo Park, San Carlos, South San Francisco, San Bruno, Burlingame, Belmont. Or look up any area with our over-asking tool, and see how much over asking Silicon Valley homes sell for, with data back to 2012.
Questions we get
Which Peninsula city has the most houses selling over asking?
Of these nine, South San Francisco: 83% of houses sold in the last 12 months went over asking, typically 8.6% over asking. Menlo Park had the lowest share, 60%.
Is the Peninsula market hotter than last year?
In seven of these nine cities, yes, by the typical house sale against asking: San Mateo, Redwood City, Daly City, Menlo Park, South San Francisco, San Bruno and Burlingame. San Carlos was about the same. Belmont was cooler.
Do condos and townhomes sell over asking too?
Less often. Among the cities with enough sales, the typical condo or townhome sale ran from 1.5% under asking in Redwood City to 0.2% over asking in Daly City and South San Francisco, and the share over asking from 21% to 58%.
How we counted
Closed sales reported to the MLS and read through the IDX feeds that power our home search, one record per sale with a usable living area and map position, the same rules as our city price posts. Houses are MLS property type “single family home”; condos include townhomes. Sale price is compared with the final list price. City figures use the last 12 months (October 28, 2025 to October 27, 2026) and the 12 months before; price and size ranges use the last 24 months (October 28, 2024 to October 27, 2026) and leave out ranges with fewer than 12 sales. Condos and townhomes are shown where a city had at least 50 sales in each year. Past sales aren’t a forecast or the value of any one home, and nothing here is financial, tax or legal advice.
Talk to a Property Nerd
We’re the Property Nerds at Compass, recognized as NextGenAgents by a national real estate portal. We’ll pull the sales that matter for your home and your plans, and walk you through what they mean. Call (408) 373-1660 or (650) 383-8606, or book a strategy call. Commissions are negotiable, and we offer bundled services, so ask us what’s included.