94028 — San Mateo County, California Market Snapshot
Housing market data for zip code 94028 in San Mateo County, California. Updated monthly with median prices, days on market, and more.
Market Sales Data
21 sales in 2026 (year to date)
Median Sale Price
$4,600,000
Days to Sell
17
Homes Sold
21
Inventory
14
Sale-to-List
100.6%
New Listings
33
Price/SqFt
$1,556
Pending Sales
27
Jumbo Loan Likely Needed
The median home in 94028 at $4,600,000 exceeds the 2026 conforming loan limit of $1,249,125 by $3,350,875. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
Homes in 94028 are moving quickly at 17 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 94028 (100.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 94028 at $4,600,000 exceeds the 2026 conforming loan limit of $1,249,125 by $3,350,875. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 94028 are set at the county level.
2026 Loan Limits — San Mateo County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,249,125 | $1,249,125 |
| 2 Units | $1,599,375 | $1,599,375 |
| 3 Units | $1,933,200 | $1,933,200 |
| 4 Units | $2,402,625 | $2,402,625 |
Affordability Snapshot — Zip 94028
To purchase the median home at $4,600,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $35,394.
Monthly Payment
$35,394
Income Required
$1,516,875
Principal & Interest
$28,344/mo
Down Payment (5%)
$230,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 94028.
Estimated Monthly Payment
$28,618
Jumbo loan required. Loan amount exceeds the $1,249,125 conforming limit for 94028.
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