Blog > Condos and Townhomes Under $700K in San Mateo: What They Are and Where They Sell (2026)
Condos and Townhomes Under $700K in San Mateo: What They Are and Where They Sell (2026)
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What can you buy in San Mateo for under $700K? Of the 609 condos and townhouses that sold in San Mateo in the two years to October 27, 2026, 213 (35%) sold for less than $700K, all of them condos. Here’s what they were, where they sold, and a one-click search of the ones for sale now.
The short answer
- Median price: $555K (all San Mateo condos and townhouses: $875K).
- Typical home: 812 sq ft, 1 bedroom, 1 bath.
- How many: 109 in the last 12 months, against 104 the year before.
- Bidding: 11% sold over asking.
- Where they sold most: ZIP 94401 (131), ZIP 94403 (55) and ZIP 94404 (20).
Shopping now?
- See what $700K buys in San Mateo right now: Budget Lab opens on this city, budget and condos and townhomes, live from the MLS.
- HOA Lab: what the monthly dues add to your payment.
- Talk to a Property Nerd about where your budget goes furthest.
By type and bedrooms
San Mateo condos and townhouses sold under $700K, by bedroom count (groups with at least 3 sales).
| Type | Bedrooms | Sales | Median price | Median sq ft |
|---|---|---|---|---|
| Condos | studio | 19 | $450K | 492 |
| Condos | 1 | 119 | $545K | 740 |
| Condos | 2 | 69 | $601K | 983 |
| Condos | 3+ | 6 | $628K | 1,054 |
By ZIP code
ZIP codes with at least 3 such sales; “share” is of all condo and townhouse sales in the ZIP.
| ZIP | Sales under $700K | Share | Median price |
|---|---|---|---|
| 94401 | 131 | 54% | $520K |
| 94403 | 55 | 29% | $614K |
| 94404 | 20 | 25% | $575K |
| 94402 | 7 | 7% | $615K |
What you give up, and what you don’t
Share of listings that mention each feature, under $700K and at $700K or more in San Mateo.
| Listing mentions | Under $700K | $700K or more |
|---|---|---|
| In-unit laundry | 15% | 37% |
| An attached or private garage | 3% | 15% |
| A 2-car garage | 2% | 22% |
| Air conditioning | 4% | 13% |
| An end unit | 9% | 20% |
| Single-level living | 3% | 7% |
Before you buy
- Add the HOA dues to the price. Lower-priced condos often carry dues that change what you can borrow; ask for the dues, the budget, the reserve study and any special assessments.
- Check the financing rules. Some lenders and loan programs have extra requirements for condos, such as the share of owner-occupied units; ask your lender early.
- Read the building’s history: recent repairs, insurance and any litigation are in the HOA documents, and our Disclosure Decoder helps you read them.
How we counted
Closed sales of condos and townhouses with a San Mateo address between October 28, 2024 and October 27, 2026, reported to the MLS and read through the IDX feeds that power our home search, with repeat records from different feeds removed (normalized address, unit number and sale date). Features are counted when the listing description mentions them, so there are more than these shares show. Past sales aren’t a forecast or the value of any one home.
Go deeper
See every San Mateo condo and townhome price, San Mateo houses under $2 million, The $1M Line, condo and townhome features ranked and the most affordable ZIP codes in Silicon Valley.
Buying your first place in San Mateo?
A Property Nerd will show you which buildings and streets fit your budget, read the HOA documents with you, and set up a search that catches new listings the day they hit. 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.