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If you’re wondering whether now is the right time to buy a home in San Mateo County, you’re not alone. With fluctuating interest rates, limited inventory, and rising home values, it’s a question many local buyers, especially first-timers and growing families are asking right now.
Let’s break it down so you can decide if 2025 is your year to buy.
📊 What’s the Market Like in 2025?
San Mateo County continues to see strong demand, low inventory, and fast-paced sales especially in cities like San Mateo, Redwood City, Belmont, and Millbrae. While interest rates remain higher than the record lows of the pandemic years, they’ve begun to stabilize, giving buyers a clearer path forward.
Homes in many neighborhoods are still receiving multiple offers, and while prices have leveled off in some areas, they remain high compared to state and national averages.
But here’s the key: waiting doesn’t necessarily mean saving. Home prices may plateau, but rental costs continue to rise, and the longer you wait, the more equity opportunity you miss out on.
🏠 Should I Wait or Buy Now?
That depends on your situation, but here are a few signs it might be time:
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You’re tired of rising rent and want to build equity
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You have stable income and good credit
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You’re planning to stay in the area for at least 3–5 years
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You’re looking for schools, space, and a long-term investment in your family’s future
Buying now might also give you more room to negotiate than in hotter years especially if you’re open to slightly less competitive neighborhoods or homes that need light updates.
🤔 What If Interest Rates Are Still High?
Interest rates are important, but they aren’t everything. In fact, many buyers are choosing to:
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Buy now, refinance later if rates come down
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Use a 2-1 buydown or seller credit to lower their payments
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Focus on the long-term picture — building wealth through ownership
If you find the right home that fits your life and your budget, the rate can always be adjusted later. What you can’t change is the price of the home if it jumps in six months.
👨👩👧👦 Why San Mateo County Still Makes Sense
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Top-rated schools in San Carlos, Belmont, Millbrae, San Mateo and Foster City
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Walkable downtowns with great community feel
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Access to Caltrain, major highways, and tech hubs
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Parks, trails, and family-friendly neighborhoods
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Long-term property value appreciation
💡 Final Thought: Buying in 2025 Comes Down to Preparation
The market isn’t as wild as it was, but it still rewards buyers who are clear, confident, and well-prepared. That’s where I come in.
If you’re thinking about buying in 2025 — whether in San Mateo, Redwood City, or anywhere nearby — I’d love to help you understand your options, explore the market, and take the next step at your pace.
📩 vincent@vmartrealty.com
📞 (650) 787-6939
