Blog > San Mateo Luxury Homes: Where $3.5 Million+ Houses Sold, Neighborhood by Neighborhood
San Mateo Luxury Homes: Where $3.5 Million+ Houses Sold, Neighborhood by Neighborhood
by
Where do top-of-market single-family houses sell in San Mateo? In the two years to October 27, 2026, 98 of the 975 single-family houses that sold in San Mateo (10%) closed at $3.5 million or more, by the MLS records we can read with repeat records removed. In 2012, none did all year; in 2025, 45 did. Here is where those sales happened, inside each of our neighborhood guides.
The short answer
- Across the city: 35% of house sales closed at $2.5M or more, 10% at $3.5M or more and 3% at $4.5M or more. The highest sale was $10.4M in San Mateo Park.
- Where they cluster (share of house sales at $3.5M+, guides with at least 8 house sales): San Mateo Park (74%) and Baywood & Aragon (31%).
- None at $3.5M+ in the window: Sunnybrae & 19th Avenue Park, Fiesta Gardens & Bay Meadows, San Mateo Village & Lauriedale, Mariner's Island & Lakeshore, North Central & San Mateo Heights, Downtown & Central and Shoreview & Parkside.
- What it buys: the typical house that sold for $3.5M or more went for $4M, with 2,942 sq ft ($1,491 per sq ft), against 1,720 sq ft and $1,271 per sq ft for all San Mateo houses.
- Over time: no house sold for $3.5M or more in 2012; 33 did in 2021 and 45 in 2025, with 44 more from January through September 2026.
Next steps in San Mateo
- What’s my San Mateo home worth? Request an estimate, and ask us for the recent sales on your street.
- See San Mateo homes for sale, then use Save Search to get new listings by email.
- Book a strategy call with a Property Nerd.
Neighborhood by neighborhood
Guides with at least 8 house sales, highest share at $3.5M or more first. Each cell shows how many houses sold at that price or more and their share of the guide’s house sales. Each name opens its guide, with live listings and the last 12 months of sales.
| Neighborhood | House sales | Median price | $2.5M+ | $3.5M+ | $4.5M+ |
|---|---|---|---|---|---|
| San Mateo Park | 50 | $4.24M | 47 (94%) | 37 (74%) | 23 (46%) |
| Baywood & Aragon | 128 | $3M | 105 (82%) | 40 (31%) | 7 (5%) |
| Baywood Park & College Heights | 45 | $2.65M | 28 (62%) | 6 (13%) | 1 (2%) |
| Hayward Park & Glazenwood | 17 | $2.78M | 11 (65%) | 1 (6%) | 0 (0%) |
| The Highlands | 52 | $2.69M | 37 (71%) | 3 (6%) | 0 (0%) |
| Beresford & Hillsdale | 203 | $2.28M | 73 (36%) | 9 (4%) | 0 (0%) |
| Laurelwood & Sugarloaf | 41 | $2.43M | 18 (44%) | 1 (2%) | 0 (0%) |
| Sunnybrae & 19th Avenue Park | 73 | $1.92M | 2 (3%) | 0 (0%) | 0 (0%) |
| Fiesta Gardens & Bay Meadows | 31 | $1.85M | 5 (16%) | 0 (0%) | 0 (0%) |
| San Mateo Village & Lauriedale | 75 | $1.82M | 8 (11%) | 0 (0%) | 0 (0%) |
| Mariner's Island & Lakeshore | 32 | $1.6M | 0 (0%) | 0 (0%) | 0 (0%) |
| North Central & San Mateo Heights | 51 | $1.56M | 3 (6%) | 0 (0%) | 0 (0%) |
| Downtown & Central | 28 | $1.55M | 0 (0%) | 0 (0%) | 0 (0%) |
| Shoreview & Parkside | 148 | $1.45M | 3 (2%) | 0 (0%) | 0 (0%) |
Year by year since 2012
House sales at $3.5M or more each year, in San Mateo. The line is fixed in dollars while prices rose, so part of the climb is simply more houses crossing it: the median house sold for $815K in 2012 and $2.1M in 2025.
| Year | House sales | $3.5M+ | Share | Median house price |
|---|---|---|---|---|
| 2012 | 613 | 0 | 0% | $815K |
| 2013 | 598 | 5 | 1% | $925K |
| 2014 | 539 | 2 | <1% | $1.06M |
| 2015 | 547 | 7 | 1% | $1.3M |
| 2016 | 501 | 4 | 1% | $1.33M |
| 2017 | 516 | 11 | 2% | $1.5M |
| 2018 | 533 | 11 | 2% | $1.61M |
| 2019 | 494 | 11 | 2% | $1.55M |
| 2020 | 541 | 17 | 3% | $1.65M |
| 2021 | 691 | 33 | 5% | $1.85M |
| 2022 | 511 | 35 | 7% | $2M |
| 2023 | 403 | 25 | 6% | $1.81M |
| 2024 | 486 | 37 | 8% | $2.06M |
| 2025 | 511 | 45 | 9% | $2.1M |
| 2026 (Jan.–Sept.) | 346 | 44 | 13% | $2.3M |
Reading it right
- These are sale prices, not list prices, and they aren’t adjusted for inflation.
- Size drives much of the top end, so compare price per square foot as well as price when you look at houses at $3.5M or more.
- Small samples swing. Every cell shows its count, and one or two sales can move a small guide’s share.
- Each sale counts once; none falls inside two of our guide outlines.
- Past sales aren’t a forecast or the value of any one home.
How we counted
Closed sales of single-family houses reported to the MLS, read through the IDX feeds that power our home search, with one record per MLS number and only sales with a recorded living area and a map position, placed inside each guide’s outline. A sale counts at a price if it closed at that amount or more. The yearly table uses the same rules, by closing date, through September 30, 2026.
Go deeper
The Luxury Market Report follows the top of the market across Silicon Valley, and the Price Ladder shows where San Mateo’s top end sits against other cities. For San Mateo, see houses under $2 million, guide by guide, house prices by bedrooms and neighborhoods ranked by price per square foot; the San Mateo city guide links every guide. Across every city we cover: where $5M+ houses sold, neighborhood by neighborhood.
Common questions
What is the most expensive neighborhood in San Mateo?
By median house price over the two years to October 27, 2026, among our guides with at least 8 house sales: San Mateo Park ($4.24M), Baywood & Aragon ($3M) and Hayward Park & Glazenwood ($2.78M).
How many San Mateo houses sell for $3.5 million or more?
98 of 975 house sales (10%) in those two years, and 45 in 2025 alone, up from none in 2012.
What was the highest house sale in San Mateo?
$10.4M in San Mateo Park, in the two years to October 27, 2026, by the MLS records we can read.
The San Mateo data series: housing market by the numbers · neighborhoods ranked by price per sq ft · where homes sell over asking · ten years of prices by neighborhood · condos and townhomes · house prices by bedrooms · houses under $2M · the best month to sell · the most expensive streets · lots by neighborhood
Selling at the top of the San Mateo market?
A Property Nerd will pull the closest sales at your level in your neighborhood, show how they were priced, prepared and marketed, and build a plan for yours. 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.