The San Carlos Real Estate Week in Review: 12/1/25

The Recap:

It's the first week of December, which means it's time to head back to the gym to shed the unavoidable pounds that always accumulate over Thanksgiving week. Because of the shorter work week, the activity in the San Carlos real estate market was quiet relative to a normal week. There was only one new listing and one home that was put under contract, which did little to move the needle.

Sellers who aren't getting traction on their listings are continuing to pull their homes off the market as we head toward the end of the year, and that is putting downward pressure on the inventory. As of this morning, there are only 11 single-family homes available, and that number will likely drop into the single digits as we head into the final weeks of the year.

When we reach the end of a month, I often like to take a look at where the market is compared to the same period of the previous year. This gives me a good insight into which direction the market might be heading. Total sales revenue (homes and condos) is at $700M, or 15% ahead of last year. The single-family home market is showing signs of growth, too, with a 10% increase in the number of closed sales and a 22% jump in new listings, compared to the same period last year. While it's too early to call this a turnaround, it is encouraging to see that the market seems to be slowly pulling itself out of one of the most dramatic sales droughts in the past 30 years.

Here are the numbers from 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 11/30/2025:

San Carlos SFR Data	11/30/25	Previous Week
Number of Closed Sales:	4	8
Average Sold Price:	$2,383,750	$2,992,750
Median Sold Price:	$2,470,000	$3,262,500
Average % Sold vs Orig List Price:	99%	103%
Average Days Listed of Closed Sales	23	35
Average $/Sq Foot (Sold)	$1,267	$1,304
Listings Put Under Contract:	1	2
Total Homes Under Contract:	13	16
New Listings:	1	2
Total Active Listings:	11	13
Average Price of Active Listings:	$3,804,717	$3,864,607
Median Price of Active Listings:	$3,680,000	$3,798,000
Average Days of Active Listings:	47	50
Average $/Sq Foot (List)	$1,215	$1,223

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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
2936 Eaton Avenue	$2,650,000	$2,895,000	-$245,000 (-8.5%)	$1,293	18
38 Sequoia Court	$2,500,000	$2,298,000	+$202,000 (+8.8%)	$1,220	9
2595 Eaton Avenue	$2,440,000	$2,288,000	+$152,000 (+6.6%)	$1,258	13
186 Wildwood Avenue	$1,945,000	$2,198,000	-$253,000 (-11.5%)	$1,297	53

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San Carlos Single-Family Homes Pending Sale

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

Address	List Price	Days Listed
162 Coronado Avenue	$2,395,000	134

*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
147 Leslie Drive	$3,295,000	5BR/3BA	2,660/12,845	$1,239	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.