The San Carlos Real Estate Week in Review: 1/26/26

The Recap:

Buying activity picked up significantly last week in the San Carlos real estate market. Six different homes were put under contract as buyers have been out in force, sorting through an inventory that is still on the lean side. As of this morning, there are only nine single-family homes for sale in the entire city.

Speaking of available homes for sale, the average price of those nine homes is over $4,000,000, while the median asking price is $3,500,000. Both of these figures are much higher than normal, and they reflect the fact that nearly half of the homes for sale right now in San Carlos are listed over $5,000,000.

Last week, I posted an article about automated valuation models (AVMs), the fancy name for Zillow's Zestimate product and the similar ones used by other third-party portals. The article highlights that not only can these estimates vary widely between sites, but also, within each site, the values can swing wildly by the day.

Here are the numbers from last week's 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 1/25/2026:

San Carlos SFR Data	1/25/26	Previous Week
Number of Closed Sales:	2	1
Average Sold Price:	$2,852,500	$3,550,000
Median Sold Price:	$2,852,500	$3,550,000
Average % Sold vs Orig List Price:	102%	91%
Average Days Listed of Closed Sales	4	60
Average $/Sq Foot (Sold)	$1,462	$1,086
Listings Put Under Contract:	6	2
Total Homes Under Contract:	8	3
New Listings:	3	5
Total Active Listings:	9	12
Average Price of Active Listings:	$4,129,876	$3,706,417
Median Price of Active Listings:	$3,500,000	$2,943,000
Average Days of Active Listings:	13	20
Average $/Sq Foot (List)	$1,215	$1,191

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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
125 Chestnut Street	$2,925,000	$2,925,000	$0 (0%)	$1,534	0*
10 Winding Way	$2,780,000	$2,695,000	+$85,000 (+3.2%)	$1,390	7

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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
181 Coronado Avenue	$2,798,000	13
574 Wellington Drive	$2,050,000	61
941 Walnut Street	$3,088,000	11
1621 Elm Street	$2,695,000	12
58 Hillcrest Road	$3,680,000	96
418 Ridge Road	$2,690,000	7

*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
123 Dolton Avenue	$5,195,000	5BR/5.5BA	3,714/7,252	$1,399	Sothebys
828 Cordilleras Avenue	$2,498,000	3BR/2BA	2,020/7,252	$1,237	Sothebys
3236 Brittan Avenue	$1,999,888	3BR/2BA	1,820/11,425	$1,099	Coldwell Banker

• 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.