Here’s a quick snapshot of where the San Mateo County housing market stands right now as we head into the heart of the 2026 buying and selling season.

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A major stretch of land near Gilroy has been permanently protected after Peninsula Open Space Trust purchased 2,284 acres of Sargent Ranch for $23 million. The deal stops a proposed quarry and preserves wildlife habitat and Juristac, land sacred to the Amah Mutsun Tribe. It is a major conservation win that also raises questions about balancing environmental protection with regional building needs.

A 23 story, 336 unit apartment tower in downtown San Jose has been foreclosed, signaling continued trouble for high rise housing. The Fay was taken over by its lender at a valuation nearly 40 percent below its original loan after struggling with occupancy and financing. The situation highlights how difficult dense downtown housing has become under today’s costs and interest rates.

San Francisco plans to transform Embarcadero Plaza and Sue Bierman Park into a new 5 acre public waterfront park. The project will modernize aging spaces with better access, landscaping, and gathering areas to support downtown recovery. Backed by a public private partnership including the San Francisco Recreation and Park Department, the redesign could reshape how people use the waterfront daily.

• San Mateo County home prices remain strong with median values around $1.5 M and up year-over-year, showing resilience despite broader affordability pressures.

• Well priced single-family homes in the county continue to sell relatively quickly (around the high-20s in days on market), while condos and other property types take longer.

• Inventory across the Bay Area is still constrained, keeping competition high and supporting price stability even as market pace moderates.

• Mortgage rates remain in the low-6 % range, near their lowest point in years, which is helping stimulate buyer interest but affordability challenges persist.

• Regional forecasts point to modest home price growth or stability in 2026 rather than sharp increases, with markets entering a more balanced phase after pandemic-era extremes.

📩 Want to better understand what this means for the future of Bay Area housing? We’re here to help — send us a message at [email protected].

Whether you’re watching the market, thinking about making a move, or just want clarity on what these trends mean for your neighborhood, our team at OWN Real Estate is here to help you make sense of it all and plan your next step with confidence.

Want to discuss your options? Reach out anytime at [email protected]