San Mateo County Market Update January 2025

Rumana Jabeen • December 27, 2024

2024 Year-End Success: Rumana’s Clients Celebrate Big Wins in Real Estate

As we close out 2024, I’m reflecting on the incredible journey this year has been for my clients. Whether selling or buying, their stories of success highlight the importance of expertise, strategy, and teamwork in real estate. This year, I’ve had the privilege of helping many individuals and families achieve their real estate goals—turning challenges into opportunities and dreams into reality.



Selling Success: Top Offers and Quick Closings

Selling in today’s market requires a tailored strategy to stand out, and I worked closely with my sellers to do just that. Here are a few highlights:

768 Gull Avenue, Foster City
4 Beds | 2 Baths | 1,760 SQFT | 5,472 LOT
Sold at $2,025,000 | 119% of the Asking Price | Sold in Just 7 Days


My client needed to sell quickly to move out-of-state and reunite with her family. With her timeline in mind, I focused on creating a standout listing. From preparing the home to attract competitive offers to pricing it strategically, we secured a sales price that exceeded expectations—119% of the asking price. The result not only provided financial peace of mind but also made her transition seamless and stress-free.




808 Gull Avenue, Foster City
3 Beds | 2 Baths | 1,340 SQFT | 5,320 LOT
Sold at $2,125,000 | $500K Over Asking | Sold in Just 7 Days


Sometimes, all it takes is one offer—and the right strategy. Listed at $1,748,000, this home generated a lot of interest, but only a single buyer brought an offer forward. Through my proven negotiation, we secured a final offer at $2,125,000—an incredible $500,000 above asking. For these sellers, the stakes were high: they needed the proceeds for their retirement. This sale not only achieved their financial goal but gave them the means to start their next chapter.




414 W Hillsdale Boulevard, San Mateo
4 Beds | 4 Baths | 2,470 SQFT | 7,590 LOT
Sold at $2,400,000 | Off-Market Sale


This property came to me after having previously been on the market without success. I immediately saw its potential and put my sign on the lawn even before the planned remodels were started. To my surprise, the sign attracted serious attention, and we received a strong offer before the home even officially came to market. This sale is a perfect example of how brand visibility and local expertise can turn a challenging situation into a winning result.




Buying Success: Finding Dream Homes

Helping buyers find the perfect home in a competitive market takes patience, market expertise, and strong relationships. Here's a few stories that highlights the difference these qualities can make:

371 Menhaden Court, Foster City
3 Beds | 2 Baths | 1,890 SQFT | 5,225 LOT


My buyers had been searching for a long time, looking for a specific type of home that met both their needs and their budget. When a property finally came on the market that matched their criteria, the competition was fierce. Fortunately, my reputation in the market made a difference—the listing agent wanted to work with me. Coupled with my knowledge of the area and strategic approach, I was able to secure the home for my clients, turning their dream into reality.




1111 Metcalf Road, San Jose
31,799 Lot SQFT


I first helped this client purchase his very first home, and when he was ready for his second real estate investment, he had a big vision: buying vacant land to build his dream home. After a thorough search, we found the perfect location. Using my negotiation skills, I was able to secure the land at a great price, under asking. My client was ecstatic and is already hard at work designing and building his masterpiece.



Reflecting on 2024

This year has been filled with incredible stories of success for both my sellers and buyers. From helping sellers achieve record-breaking results to guiding buyers to their dream homes, my commitment to my clients has always been to provide expert advice, personalized strategies, and unwavering support. Every transaction is unique, and I’m proud to have been a part of these life-changing moments for so many wonderful people in 2024.


If you’re thinking about buying or selling in the coming year, let’s work together to create your own success story. Whether it’s getting the best price for your property or finding the perfect place to call home, I’m here to help you navigate the market with confidence.


Connect with me today to get started on achieving your real estate goals in 2025!

Connect with Rumana To Learn More

December 2024 Market Reports


Below you'll find market information for San Mateo County, San Mateo (City), and Foster City.

The seal of the county of san mateo in california

San Mateo County Equity Report. This report covers changes in median home sales prices over the last month, year, five years, and ten years.

A table showing a percentage change and a dollar change

San Mateo County Market Report. This report covers changes in median home sales prices, year over year.

A table showing the sale price of homes in different cities
The seal of the city of san mateo california

San Mateo City Equity Report. This report covers changes in median home sales prices over the last month, year, five years, and ten years.

A table showing a percentage change and a dollar change

San Mateo City Market Report. This report covers changes in median home sales prices, year over year.

A table with a lot of numbers on it
The seal of the city of foster city incorporated in 1971

Foster City Equity Report. This report covers changes in median home sales prices over the last month, year, five years, and ten years.

Single Family Residences 

A table showing a percentage change and a dollar change

Condominiums 

A table showing a percentage change and a dollar change

Townhomes

A table showing a percentage change and a dollar change

Expanded San Mateo County Market Report


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By Rumana Jabeen November 6, 2024
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By Rumana Jabeen October 2, 2024
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By Rumana Jabeen October 2, 2024
If you’ve been hesitant to list your house because you’re worried no one’s buying, or if you’re a buyer watching the market to understand the best time to buy, here’s your sign it may be time to talk with an agent. With falling mortgage rates bringing more buyers back into the market, now is the perfect opportunity for both sellers and buyers to make a move!
By Rumana Jabeen September 6, 2024
Many potential buyers are holding off on purchasing a home, anticipating that mortgage rates will drop even further. The common belief is that lower rates will make homes more affordable and provide better financing terms. This wait-and-see approach is based on the hope that a lower rate will save money over the life of the loan and make homeownership more attainable.
By Rumana Jabeen August 19, 2024
Our recent travels took us on a journey through three distinct landscapes—each offering its own unique experiences and memories. From the bustling streets of Atlanta to the serene beaches of Santa Barbara, and finally, to the rugged trails of the Sierra Nevada, it was a trip full of relaxation, exploration, and a few surprises along the way.
A picture of flowers and the words san mateo county
By Rumana Jabeen August 5, 2024
If you received our postcard, you may have noticed that the arrows indicating year-over-year changes from 2023 were accidentally omitted during the printing process. We regret any inconvenience this may have caused. Please refer to the versions below for year-over-year comparisons. For a deeper dive into our mid-year market update, explore the expanded report below.
A july 2024 market update for san mateo county
By Rumana Jabeen July 3, 2024
The seasonal impact on the market is as you might expect, a little slower. With many leaving on vacations, the number of homes on and coming to market reduces and open houses aren’t as packed. That doesn’t mean the market is on vacation though; quite the opposite! There's a wave of new buyers entering the market alongside those already in the market.
A june 2024 market update for san mateo county
By Rumana Jabeen June 5, 2024
Is it possible to sell faster and sell higher without spending a penny upfront?
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