The San Carlos Real Estate Week in Review: 09/08/25
September 8, 2025
The Recap:
We are heading into our first full week of the fall real estate market in San Carlos, and as expected, activity is definitely picking up. Sellers who hope to get a jump on the late-year market already have their homes on the market, or will do so in the coming few weeks. Last week, there were seven new single-family homes to hit the market, which lifted the inventory of homes for sale in San Carlos to 19. While a few of those will be put under contract this week, I fully expect to see significant listing activity that should push the inventory into the 20's.
The market environment is certainly more favorable than what we experienced in the late-spring market. Interest rates have slowly inched down to levels not seen in over a year, and from what I witnessed over the past two weekends of hosting open houses, buyers are definitely back in the market. What I found especially encouraging was the significant number of new buyers who are just starting their home search — these are buyers who were not yet looking before summer. That suggests that consumer confidence is improving when new buyers feel more comfortable entering the market.
I believe the very tight rental market is also pushing buyers into the market. Rental prices seemed to have jumped significantly over the past year, caused in large part by the sheer lack of rental units available on the market. Taking a peek at one of the more popular rental portals shows that there are fewer homes for rent in San Carlos (15) than there are for sale (19). Interestingly, a few of those 15 rental units were homes that were listed for sale earlier this year and did not find a buyer.
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 09/07/2025:| San Carlos SFR Data | 09/07/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 6 | 8 |
| Average Sold Price: | $2,812,500 | $2,535,625 |
| Median Sold Price: | $2,665,000 | $2,430,000 |
| Average % Sold vs Orig List Price: | 99% | 103% |
| Average Days Listed of Closed Sales | 28 | 23 |
| Average $/Sq Foot (Sold) | $1,312 | $1,266 |
| Listings Put Under Contract: | 1 | 5 |
| Total Homes Under Contract: | 17 | 21 |
| New Listings: | 7 | 3 |
| Total Active Listings: | 19 | 14 |
| Average Price of Active Listings: | $2,744,093 | $3,299,206 |
| Median Price of Active Listings: | $2,485,000 | $2,856,500 |
| Average Days of Active Listings: | 37 | 44 |
| Average $/Sq Foot (List) | $1,265 | $1,277 |
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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 |
|---|---|---|---|---|---|
| 1025 Walnut Street | $3,900,000 | $3,998,000 | -$98,000 (-2.5%) | $1,587 | 9 |
| 135 Lynton Avenue | $3,300,000 | $2,998,998 | +$301,002,000 (+9.1%) | $1,239 | 12 |
| 5 Maple Way | $2,750,000 | $3,495,000 | -$745,000 (-21.3%) | $975 | 116 |
| 2920 Brittan Avenue | $2,580,000 | $2,395,000 | +$185,000 (+7.7%) | $1,491 | 6 |
| 124 Beverly Drive | $2,300,000 | $2,198,000 | +$102,000 (+4.6%) | $1,217 | 0* |
| 1949 Brittan Avenue | $2,045,000 | $2,095,000 | -$50,000 (-2.4%) | $1,363 | 27 |
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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 |
|---|---|---|
| 270 Oakview Drive | $3,777,000 | 6 |
*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 |
|---|---|---|---|---|---|
| 2605 Graceland Avenue | $2,999,000 | 3BR/2BA | 2,257/18,796 | $1,329 | Guide |
| 140 Northam Avenue | $2,488,888 | 3BR/2.5BA | 1,670/6,240 | $1,490 | Coldwell Banker |
| 161 Oakview Drive | $2,198,000 | 3BR/2BA | 1,460/4,800 | $1,505 | Bricker |
| 236 Windsor Drive | $1,900,000 | 3BR/2BA | 1,695/6,793 | $1,091 | Sothebys |
| 66 Hilltop Drive | $1,898,000 | 2BR/1BA | 1,260/5,172 | $1,506 | Agency |
| 166 Oakview Drive | $1,895,000 | 2BR/2BA | 1,425/4,399 | $1,425 | ABC |
| 1761 Laurel Street | $1,850,000 | 3BR/2BA | 2,900/5,000 | $655 | Compass |
- 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.
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