The San Carlos Real Estate Week in Review: 05/26/25

The Recap:

Happy Memorial Day! I trust that everyone is taking a much-deserved break this weekend. Contrary to the prior two weeks, home buying dramatically outpaced the rate of new listings last week in San Carlos. Seven different homes were put under contract, while only one new listing hit the market. So instead of talking about inventory that was threatening to break into the 30's, we're right back down to 21 single-family homes for sale in the entire city.

Home prices in San Carlos remain surprisingly resilient considering all of the volatility in the stock market as all but one of the homes that closed escrow last week enjoyed significant premiums over their respective asking prices. This doesn't mean that every home is going to reap such a benefit, but If inventory continues to drop in this manner, history has shown that home pricing general firms up during these periods.

Here's what happened last week in the San Carlos real estate market:

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At A Glance

This is a high-level view of the market performance for single-family residences (SFR's) in San Carlos. This data is for the 7 days ending Sunday 05/25/2025:

San Carlos SFR Data	05/25/25	Previous Week
Number of Closed Sales:	5	6
Average Sold Price:	$2,642,000	$2,777,000
Median Sold Price:	$2,450,000	$3,175,000
Average % Sold vs Orig List Price:	113%	108%
Average Days Listed of Closed Sales	9	11
Average $/Sq Foot (Sold)	$1,412	$1,432
Listings Put Under Contract:	7	3
Total Homes Under Contract:	17	15
New Listings:	1	7
Total Active Listings:	21	28
Average Price of Active Listings:	$3,178,617	$3,164,854
Median Price of Active Listings:	$2,960,000	$2,927,500
Average Days of Active Listings:	36	25
Average $/Sq Foot (List)	$1,178	$1,226

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San Carlos Single-Family Homes Sold

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each home to see more details and photos:

Address	Sold Price	Orig. List	Over/Under List	$/sq foot	Days Listed
322 Elm Street	$4,150,000	$4,098,000	+$52,000 (+1.3%)	$1,646	6
1534 White Oak Way	$2,950,000	$2,790,000	+$160,000 (+5.7%)	$1,489	6
151 Fleetwood Drive	$2,450,000	$2,598,000	-$148,000 (-5.7%)	$1,000	11
1438 Oakhurst Avenue	$2,160,000	$1,895,000	+$265,000 (+14.0%)	$1,547	10
154 Fairbanks Avenue	$1,500,000	$999,999	+$500,001 (+50.0%)	$1,547	10

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San Carlos Single-Family Homes Pending Sale

The following single-family homes were put into contract in San Carlos last week. Click on the address of each home to see more details and photos:

Address	List Price	Days Listed
800 Cordilleras Avenue	$1,775,000	12
113 Wildwood Avenue	$4,590,000	6
7 Phillip Lane	$2,398,000	11
100 Dundee Lane	$3,998,000	7
308 Cedar Street	$2,195,000	7
30 Valley Road	$2,995,000	6
150 Crestview Drive	$2,798,000	8

*Designates that the home was either listed or sold off of the public-facing MLS.

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New San Carlos Single-Family Home Listings

Below are the new listings that hit the MLS this past week in San Carlos. Click on the address of each home to see more details and photos:

Address	List Price	BR/BA	Sq Ft (home/lot)	$/Square Foot	Listed By
47 Pine Avenue	$2,399,000	3BR/2.5BA	2,070/7,560	$1,158	Christies

• Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in no way responsible for the accuracy of the data from this source.