Communities
San Carlos
San Carlos is a wonderful residential town in between Belmont and Redwood City … it’s name means “The City of Good Living”, and indeed that is the feeling you’ll get on your first visit or hundredth to this gem of a town. With top rated public schools, and its own cute downtown, revolving around Laurel Avenue, there are plenty of shops, cafes, and restaurants to poke your head into and stroll around.
San Carlos even has its own small craft airport, along with the Hiller Aviation Museum, and you can even have your first lesson with Diamond Aviation
You’ll find a wide variety of homes in San Carlos, from quaint two bedrooms all the way up to master built homes perched in the hills with panoramic views of the bay – there’s even some gorgeous luxury condos just across the street from City Hall and minutes from Laurel Avenue.
Special Yearly Event: San Carlos Art and Wine Faire, held every October in downtown San Carlos
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28,755
Population
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8,428
Homes
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1.8m - 4m+
Price Range
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$2.41M
Median Sale Price
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$2.56M
Average Sale Price
Pricing data based on single-family homes
Key features
- Cute downtown
- Vibrant downtown with excellent dining and shopping options
- Top schools
- Top-rated public schools
- Diverse neighborhoods
- Diverse neighborhoods ranging from classic, adjacent-to-downtown White Oaks to the funky charm of Devonshire Canyon
- Holiday lights
- One of the Bay Area’s most iconic neighborhood holiday lights celebrations
On this page
San Carlos
Stats & Trends
Sales Prices
Raziel's Commentary
2022 was a topsy-turvy year for real estate in San Carlos. After spending several years creeping up to the high end of San Mateo County real estate, San Carlos prices peaked in April 2022. That month, the average home sold in San Carlos for $3.425 million, an increase of 35% year-over-year (and 54% since January, 2021). The city median reached $3.328 million, up 34% year-over-year (52% since January, 2021). From that point forward, prices tumbled, landing at a shade over $2 million by December (down 31% from 2021) before rebounding a bit in 2023. What does this mean? That despite increased interest rates, your dollar goes further in San Carlos in 2023 than it has at any point in the past five years.
Sales Prices for single-family homes in San Carlos
2023 YTD Average
$2.4M
11.5%
2022 Average
$2.71M
6.2%
2023 YTD Median
$2.3M
8%
2022 Median
$2.5M
2%
2022 Homes Sales by Price Range
Raziel's Commentary
Given the steep trajectory of San Carlos real estate during the first half of 2022, it’s not particularly surprising to see the upper reaches of price range gaining market share for the year. Last year, homes selling for more than $4 million tripled their share of the local market, from 3% to 9.4%. Homes selling for between $3 and $4 million accounted for 22.6% of the market, up 3% from 2021. Meanwhile, homes selling for less than $3 million, which made up more than three-quarters of the 2021 San Carlos market, comprised 67.9% of the 2022 market, a drop of almost 10%.
| Beds Bedrooms | 1M - 1.5M | 1.5M - 2M | 2M - 2.5M | 2.5M - 3M | Over 3M |
|---|---|---|---|---|---|
|
2 |
2 | 15 | 12 | 1 | 0 |
|
3 |
4 | 24 | 46 | 24 | 11 |
|
4 |
0 | 0 | 12 | 23 | 34 |
|
5 |
0 | 0 | 1 | 1 | 11 |
|
6 |
0 | 0 | 0 | 0 | 1 |
| Total | 6 | 39 | 71 | 49 | 57 |
2022 Homes Sales by Price Range for single-family homes in San Carlos
1M - 1.5M
2%
1.5M - 2M
15%
2M - 2.5M
27%
2.5M - 3M
19%
Sale Price to List Price Ratio
Raziel's Commentary
Like much of the data coming from 2022, San Carlos' record of sale price to list price ratio began the year strong and then waned. From January to June, homes in San Carlos sold for more than 110% of their asking price with positive year-over-year changes for each month. Then, beginning in July, the ink turned red. From that point forward, San Carlos real estate commanded a lower percentage of its asking price than it did in 2021, and the change was most acute during the traditionally quiet winter months. In October, November and December, San Carlos properties sold for an average of 96.0%, 98.2% and 99.2% of their asking prices, 14%, 13% and 12% below what they sold for in October, November and December of 2021.
Sale Price to List Price Ratio for single-family homes in San Carlos
2022
106.6%
2.3%
Number of Home Sales
Number of Home Sales for single-family homes in San Carlos
2023 YTD
122
41.1%
2022
207
38.9%
2021 Home Sales by Neighborhood
2021 Home Sales by Neighborhood for single-family homes in San Carlos
Beverly Terrace
55
sales
Cordes
31
sales
Howard Park
27
sales
Average Days on Market
Average Days on Market for single-family homes in San Carlos
2023 YTD
19
days
11.8%
2022
17
days
13.3%
San Carlos Neighborhoods
Alder Manor
Located in San Carlos’ southwestern corner and oriented around the 57 undeveloped acres of Eaton Park, Alder Manor is a neighborhood defined by rolling hills and sometimes...
Beverly Terrace
The largest neighborhood in San Carlos is not walking distance from Laurel Avenue, but rather up in the hills. Residents of Beverly Terrace trade downtown access for...
Clearfield Park
It’s also adjacent to San Carlos’ only industrial district, an area important to the city’s history. South of Hall Street, the neighborhood turns from residential to...
Cordes
While not as well-known as some neighborhoods, perhaps no other neighborhood sums up the range of San Carlos real estate as Cordes, at the city’s northernmost edge. Cordes,...
Howard Park
San Carlos locals who covet a charming, walkable and convenient neighborhood close to downtown gravitate to one of two areas: White Oaks and Howard Park. White Oaks is the...
White Oaks
Though there are some who prefer the western hills, and though Howard Park has emerged as a contender for its crown, White Oaks remains San Carlos’ most popular...
Resident Stories
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Client Stories
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