Blog > Where Peninsula Homes Sell Over Asking: Nine Cities Compared (2026)

Where Peninsula Homes Sell Over Asking: Nine Cities Compared (2026)

by Eric & Janelle Boyenga

How often do Peninsula houses sell over asking? In the last 12 months, the share of houses that sold above their final list price ran from 60% in Menlo Park to 83% in South San Francisco, across nine San Mateo County cities. The typical house sale ran from 2.4% over asking in Menlo Park to 10% over asking in Daly City. By the typical sale against asking, seven of the nine were hotter than the 12 months before.

The short answer

South San Francisco: 83% of houses sold over asking, the typical one 8.6% over asking (202 houses). The year before: 77%, 7% over asking.
Daly City: 78% of houses sold over asking, the typical one 10% over asking (309 houses). The year before: 77%, 7% over asking.
San Bruno: 78% of houses sold over asking, the typical one 7.3% over asking (161 houses). The year before: 65%, 3.6% over asking.
San Mateo: 75% of houses sold over asking, the typical one 9.1% over asking (471 houses). The year before: 68%, 4.7% over asking.
Redwood City: 70% of houses sold over asking, the typical one 4.3% over asking (470 houses). The year before: 61%, 1.5% over asking.
Belmont: 67% of houses sold over asking, the typical one 3.4% over asking (163 houses). The year before: 73%, 5.8% over asking.
Burlingame: 66% of houses sold over asking, the typical one 5.4% over asking (185 houses). The year before: 63%, 2.7% over asking.
San Carlos: 64% of houses sold over asking, the typical one 3.5% over asking (230 houses). The year before: 63%, 3.4% over asking.
Menlo Park: 60% of houses sold over asking, the typical one 2.4% over asking (261 houses). The year before: 56%, 0.5% over asking.

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Nine cities compared

City	Houses sold	Median price	Typical sale	Over asking	Year before: typical	Year before: over	Change
South San Francisco	202	$1.31M	8.6% over asking	83%	7% over asking	77%	hotter
Daly City	309	$1.26M	10% over asking	78%	7% over asking	77%	hotter
San Bruno	161	$1.48M	7.3% over asking	78%	3.6% over asking	65%	hotter
San Mateo	471	$2.23M	9.1% over asking	75%	4.7% over asking	68%	hotter
Redwood City	470	$2.36M	4.3% over asking	70%	1.5% over asking	61%	hotter
Belmont	163	$2.35M	3.4% over asking	67%	5.8% over asking	73%	cooler
Burlingame	185	$3.21M	5.4% over asking	66%	2.7% over asking	63%	hotter
San Carlos	230	$2.75M	3.5% over asking	64%	3.4% over asking	63%	about the same
Menlo Park	261	$3.6M	2.4% over asking	60%	0.5% over asking	56%	hotter

Hotter or cooler than a year ago

We call a city hotter when its typical house sale moved at least half a point further over asking than in the 12 months before, and cooler when it moved half a point the other way. San Mateo, Redwood City, Daly City, Menlo Park, South San Francisco, San Bruno and Burlingame were hotter. San Carlos was about the same. Belmont was cooler.

Where buyers bid hardest in each city

House sales in the last 24 months (October 28, 2024 to October 27, 2026), by price range and by size; ranges with fewer than 12 sales are left out.

City	Hottest price range	Typical sale	Coolest price range	Typical sale	Hottest size	Typical sale
San Mateo	$3M–$3.5M	10.4% over asking	$3.5M and up	4.4% over asking	1,500–2,000 sq ft	8.7% over asking
Redwood City	$2M–$2.5M	4.9% over asking	Under $1M	3% under asking	1,500–2,000 sq ft	5.6% over asking
Daly City	$1.5M–$1.75M	11.8% over asking	$750K–$1M	2.2% over asking	1,500–2,000 sq ft	10.2% over asking
Menlo Park	$1.5M–$2.5M	5.3% over asking	$4.5M–$5.5M and $6.5M and up	at asking	Under 1,500 sq ft	5.7% over asking
San Carlos	$3M–$3.5M	8.1% over asking	$1.5M–$2M	at asking	1,500–2,000 sq ft	5.2% over asking
South San Francisco	$1.25M–$1.5M	10.2% over asking	Under $1M	at asking	2,000–2,500 sq ft	10.2% over asking
San Bruno	$2M and up	10.5% over asking	Under $1.25M	at asking	2,000–2,500 sq ft	6.8% over asking
Burlingame	$3M–$3.5M	7.6% over asking	$4.5M–$5M	at asking	Under 1,500 sq ft	6.3% over asking
Belmont	$3.5M–$4M	7.3% over asking	$4M and up	at asking	Under 1,500 sq ft	8.2% over asking

Condos and townhomes

The last 12 months (October 28, 2025 to October 27, 2026). Burlingame and Belmont are left out: fewer than 50 condo and townhome sales in at least one of the last two years.

City	Sales	Typical sale	Over asking	Year before: typical
South San Francisco	65	0.2% over asking	58%	at asking
Daly City	77	0.2% over asking	52%	at asking
San Carlos	67	at asking	39%	0.5% under asking
Menlo Park	77	at asking	36%	at asking
San Mateo	270	0.9% under asking	29%	0.7% under asking
San Bruno	58	0.9% under asking	28%	1.1% under asking
Redwood City	98	1.5% under asking	21%	0.7% under asking

Reading it right

Sale price is compared with the final list price, so a home that was cut before selling is measured against its last price.
A list price is a pricing choice, so the share over asking says as much about how homes are listed as about what they sold for. Compare sale prices too.
The typical sale is the median sale-to-list ratio: half the sales closed above it, half below.

Each city in detail

Neighborhood by neighborhood

San Mateo, Redwood City, Daly City, Menlo Park, San Carlos, South San Francisco, San Bruno, Burlingame, Belmont. Or look up any area with our over-asking tool, and see how much over asking Silicon Valley homes sell for, with data back to 2012.

Questions we get

Which Peninsula city has the most houses selling over asking?

Of these nine, South San Francisco: 83% of houses sold in the last 12 months went over asking, typically 8.6% over asking. Menlo Park had the lowest share, 60%.

Is the Peninsula market hotter than last year?

In seven of these nine cities, yes, by the typical house sale against asking: San Mateo, Redwood City, Daly City, Menlo Park, South San Francisco, San Bruno and Burlingame. San Carlos was about the same. Belmont was cooler.

Do condos and townhomes sell over asking too?

Less often. Among the cities with enough sales, the typical condo or townhome sale ran from 1.5% under asking in Redwood City to 0.2% over asking in Daly City and South San Francisco, and the share over asking from 21% to 58%.

How we counted

Closed sales reported to the MLS and read through the IDX feeds that power our home search, one record per sale with a usable living area and map position, the same rules as our city price posts. Houses are MLS property type “single family home”; condos include townhomes. Sale price is compared with the final list price. City figures use the last 12 months (October 28, 2025 to October 27, 2026) and the 12 months before; price and size ranges use the last 24 months (October 28, 2024 to October 27, 2026) and leave out ranges with fewer than 12 sales. Condos and townhomes are shown where a city had at least 50 sales in each year. Past sales aren’t a forecast or the value of any one home, and nothing here is financial, tax or legal advice.

Talk to a Property Nerd

We’re the Property Nerds at Compass, recognized as NextGenAgents by a national real estate portal. We’ll pull the sales that matter for your home and your plans, and walk you through what they mean. Call (408) 373-1660 or (650) 383-8606, or book a strategy call. Commissions are negotiable, and we offer bundled services, so ask us what’s included.