Real Estate is Relative

According to Zillow the median home value in San Mateo California is $1,487,900 - overtaking San Francisco in 2018. 

San Mateo home values have gone up 14.7% over the past year and Zillow predicts they will rise 7.3% within the next year.  That places the median list price per square foot in San Mateo at $913. The median price of a home currently listed for sale in San Mateo is $1,400,000 while the median price of a homes that is sold is $1,360,600.

The median rent price in San Mateo is $4,000, which is higher than the San Francisco-Oakland-Hayward Metro median of $3,324. 

If you’re a simple Midwesterner like me these are numbers that boggle the mind.  Yet, here’s the proof.  It's the real deal.  Courtesy of a reader.  Not making it up...    

click on the listing for a closer look

 

That house in Sturgeon Bay would likely list for $100,000 - give or take.  It hardly has a yard and it doesn’t have a basement.

Location, location, location...