November 2025 Update: San Mateo & Santa Clara County

As the leaves turn and the holiday season approaches, the real estate markets in San Mateo and Santa Clara County are showing their unique late-year rhythms. Whether you’re thinking about selling your home or hoping to buy before year’s end, here’s what you need to know this November.

Home Prices & Trends

Both counties are experiencing a delicate balancing act. Median home prices remain strong, buoyed by continued demand and limited supply. However, the pace of price growth has moderated compared to the spring frenzy. Sellers are still seeing healthy returns, but buyers are no longer facing the breakneck bidding wars of early 2025. Instead, we’re seeing more thoughtful offers and negotiations.

Tip for Sellers: Price your home competitively and highlight move-in-ready features. Buyers are still motivated, but they’re weighing options more carefully.

Tip for Buyers: Don’t be discouraged by list prices. With fewer bidding wars, there’s more room for negotiation and creative offers.

Inventory & Activity

Inventory remains tight, especially for single-family homes. New listings have slowed as many sellers wait for spring, but motivated buyers are still active—especially those hoping to lock in current mortgage rates before any further changes. Open houses are drawing steady crowds, and well-presented homes are moving quickly, though not at the lightning speed seen earlier in the year.

Tip for Sellers: Make your home stand out with professional photos and a welcoming atmosphere. Even with low inventory, buyers won’t settle for less.

Tip for Buyers: Be ready to act when you find the right home. Get pre-approved and have your paperwork in order to move quickly when opportunity knocks.

Interest Rates & Market Shifts

Interest rates are the wild card this season. Recent fluctuations have prompted some buyers to act quickly, while others are waiting to see if rates will drop. Sellers should be aware that higher rates can limit the pool of qualified buyers, so flexibility and patience are key.

Tip for Everyone: Stay in close contact with your real estate agent and lender. The market can shift quickly, and being informed is your best advantage.

Whether you’re buying or selling, November is a time to stay proactive and adaptable. With the right approach, you can make the most of the current market landscape in San Mateo and Santa Clara County.