Is San Francisco County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, San Francisco County has remained a Seller's Market.
Key Takeaway
San Francisco County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Francisco County, CA
How much do homes in San Francisco County, CA cost?
Median Sold Price
$1,397,376
$947/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in San Francisco County have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in San Francisco County was $1,397,376 in March 2024, down 3.9% from last year, and the median price per square foot was $947.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $800K | $715K | -10.6% |
| 2 Bedrooms | $1.2M | $1.2M | -6.0% |
| 3 Bedrooms | $1.6M | $1.5M | -5.9% |
| 4 Bedrooms | $2.1M | $1.9M | -4.8% |
| 5+ Bedrooms | $2.4M | $2.2M | -8.6% |
Summary: San Francisco County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Counties
| Alameda County | $1.1M | $1.0M | -0.3% |
| San Mateo County | $1.5M | $1.5M | -1.2% |
| San Francisco County | $1.4M | $1.3M | -3.9% |
| Marin County | $1.4M | $1.4M | -5.1% |
Housing Supply in San Francisco County, CA
How many homes are available in San Francisco County, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,597 | 1,671 | +4.6% |
Summary: The San Francisco County real estate market had 1,671 homes for sale in March 2024, a 4.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 286 | 306 | +7.0% |
| 2 Bedrooms | 561 | 566 | +0.9% |
| 3 Bedrooms | 350 | 364 | +4.0% |
| 4 Bedrooms | 198 | 219 | +10.6% |
| 5+ Bedrooms | 202 | 216 | +6.9% |
Summary: The San Francisco County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 304 | 343 | +12.8% |
Asking Price vs. Sold Price
113 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
185 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Francisco County, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 343 homes were sold or pending in San Francisco County in March 2024, up by 12.8% month-over-month. Of the 341 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.
Days on Market for San Francisco County, CA
How long does it take to sell a home in San Francisco County, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 42 Days | -35.6% |
Summary: Homes in San Francisco County had an average of 42 days on market in Mar 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Francisco County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 343 homes were sold in San Francisco County; 9% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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