The San Carlos Real Estate Week in Review: 9/29/25
September 29, 2025
The Recap:
Unlike two weeks ago, when we saw a big spike in new single-family home listings in San Carlos, not much happened last week to move the needle. There were only five new listings, and the overall inventory of homes for sale in San Carlos remained about the same as it was the prior week.
Tomorrow is the last day of September, which means there's only about a month or so left of prime real estate selling conditions for this year. Once we hit November, it starts getting darker much earlier, and the normal fall weather tends to convince a significant number of buyers to put their home search on hold until after the holidays. That's not to say that there won't be any sales in November and December — it's just as we like to say in the business, “The buyers that are still out there are serious buyers“.
Tomorrow also marks the last day of the third quarter of 2025. Like I do at the end of each quarter, I will post the Quarterly Update for Q3'25 later this week, where I will analyze all of the important metrics that I use to assess the health (or lack thereof) of our local real estate market.
Not to spoil any surprises, but it's looking very likely that 2024 will mark the bottom of the market slide that started when home mortgage interest rates started their meteoric climb in the second half of 2022. Despite all of the volatility that has happened so far in 2025, our local market is performing slightly better than last year, which was a pretty low bar to begin with. But tune in later this week for all of the details!
Here's what happened last week in your local 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 9/28/2025:| San Carlos SFR Data | 9/28/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 3 | 6 |
| Average Sold Price: | $2,972,667 | $2,744,167 |
| Median Sold Price: | $2,540,000 | $2,775,000 |
| Average % Sold vs Orig List Price: | 107% | 113% |
| Average Days Listed of Closed Sales | 8 | 17 |
| Average $/Sq Foot (Sold) | $1,356 | $1,478 |
| Listings Put Under Contract: | 4 | 3 |
| Total Homes Under Contract: | 13 | 11 |
| New Listings: | 5 | 11 |
| Total Active Listings: | 27 | 29 |
| Average Price of Active Listings: | $2,867,519 | $2,831,621 |
| Median Price of Active Listings: | $2,445,000 | $2,445,000 |
| Average Days of Active Listings: | 35 | 31 |
| Average $/Sq Foot (List) | $1,224 | $1,249 |
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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 |
|---|---|---|---|---|---|
| 270 Oakview Drive | $4,028,000 | $3,777,000 | +$251,000 (+6.6%) | $1,470 | 6 |
| 875 Sunset Drive | $2,540,000 | $2,498,000 | +$42,000 (+1.7%) | $1,468 | 7 |
| 1037 Walnut Street | $2,350,000 | $2,099,888 | +$250,112 (+11.9%) | $1,130 | 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 |
|---|---|---|
| 166 Oakview Drive | $1,895,000 | 20 |
| 807 Cedar Street | $2,288,000 | 5 |
| 1912 Saint Francis Way | $2,700,000 | 6 |
| 38 Sequoia Court | $2,298,000 | 9 |
*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 |
|---|---|---|---|---|---|
| 115 Crestview Court | $3,495,000 | 4BR/2.5BA | 3,220/22,668 | $1,085 | Guide |
| 1325 Cordilleras Avenue | $2,195,000 | 3BR/2BA | 1,806/5,200 | $1,215 | Coldwell Banker |
| 2662 Thornhill Drive | $2,098,000 | 3BR/2BA | 1,660/5,658 | $1,113 | Christies |
| 53 Madera Avenue | $1,998,000 | 4BR/2BA | 2,195/5,659 | $910 | Compass |
| 89 Hilltop Drive | $1,898,000 | 3BR/2BA | 1,190/4,400 | $1,595 | 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.
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