How the Mid-Peninsula Real Estate Market Bounced Back in 2025 | Veritas Homes Top Realtor Agents in San Carlos, Belmont, Redwood City

The Mid-Peninsula real estate market has changed dramatically since 2022. As top San Carlos real estate agents serving Belmont, Redwood City, San Carlos, and San Mateo, we've watched the market shift from the slowdown of late 2022 to today's much stronger conditions.

To understand where we are now, it helps to remember what happened in 2022. The Federal Reserve began aggressively raising interest rates to fight inflation, which caused mortgage rates to jump quickly from historic lows to over 7%. This rapid increase hurt homebuyer affordability and created the contraction we saw in the second half of that year. Fast forward to November 2025, and the picture looks very different.

Here's what the latest data tells us about single family home sales throughout the Mid-Peninsula:

Home Prices Are Up Across Mid-Peninsula Communities

The Mid-Peninsula housing market has seen solid price appreciation throughout 2025. San Carlos real estate prices have jumped about 28% year-over-year, with median home prices hitting $2.5 million in recent months. Belmont has grown at a steadier pace of nearly 3% year-over-year, with median prices around $2.3 million. San Mateo properties are selling near $2.7 million, while Redwood City offers more accessible pricing with medians around $1.7-1.8 million.

Homes Are Moving Fast in Today's Mid-Peninsula Market

The long wait times we saw in late 2022 are gone. Homes throughout the Mid-Peninsula communities are selling quickly in 2025. San Carlos properties average just 6-9 days on market, while San Mateo homes sell in about 2 days on average. Even Belmont, where homes take a bit longer at 14 days, shows strong buyer interest compared to the 27-day average we saw back in November 2022.

Competitive Bidding Is Back for Mid-Peninsula Buyers

Sale-to-list price ratios have bounced back significantly. San Carlos leads with homes selling for 110% of asking price on average, while San Mateo properties fetch 104-105% of list price. This is a major change from November 2022, when homes were selling below asking price.

Mid-Peninsula real estate market historical sales comparison chart showing trends in San Carlos, Belmont, and Redwood City home sales

Sales Activity Has Picked Up

The Bay Area has seen a strong recovery in the number of homes changing hands, with overall sales up significantly compared to last year. The best Mid-Peninsula Realtors are handling increased transaction volume, especially in premium markets like San Carlos and San Mateo where inventory is still relatively tight, though more available than it was in early 2022.

Mortgage Rates Have Stabilized

Mortgage rates have come down from their 2023 peaks and are now around 6.3% for a 30-year fixed loan. While that's still higher than the ultra-low rates of 2020-2021, the stability has helped qualified buyers feel more confident about entering the market, which has contributed to the increased sales activity we're seeing across the Mid-Peninsula.

What This Means for Buyers and Sellers

The Mid-Peninsula real estate market in 2025 is active and healthy. Well-prepared homes in good locations throughout Redwood Shores, Burlingame, and surrounding communities are attracting multiple offers. That said, buyers have a bit more breathing room to do their due diligence compared to the frenzied pace of early 2022.

If you're selling, preparation matters more than ever. The best Realtors in Mid-Peninsula markets know that while conditions favor sellers more than they did in late 2022, buyers are well-informed and selective. Getting the pricing right, presenting your home well, and having strong negotiation skills can make a real difference in your outcome.

For buyers, working with experienced Mid-Peninsula Realtors who know local inventory patterns and can act quickly when the right property comes up is key. Some neighborhoods still see homes sell within days, but the slightly longer marketing periods in areas like Belmont give you more time to make thoughtful decisions.

Ready to Make Your Next Move?

We at Veritas Homes know the Mid-Peninsula market inside and out. Whether you're looking at opportunities in Atherton, Menlo Park, Woodside, Hillsborough, or any of our main communities, our team brings the local knowledge and strategic thinking you need. Check out our Past Sales page to see our track record, and learn about our Change Homes Change Lives program where we support causes our clients care about.

Want to explore current Mid-Peninsula listings or talk about selling your home? Contact us today or call Val Vandervort at 650-740-6025 to set up a time to talk.