Is San Francisco County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Francisco County is a seller's market

Buyer's
Market

Difference Since February 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

$1,396,850

$947/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$79,593(-5.4%)

Key Takeaway

Homes in San Francisco County have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in San Francisco County was $1,396,850 in February 2024, down 5.4% from last year, and the median price per square foot was $947.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $805K$718K
-10.8%
2 $1.3M$1.2M
-7.7%
3 $1.7M$1.5M
-8.6%
4 $2.1M$1.9M
-6.7%
5+ $2.4M$2.2M
-10.4%

Summary: San Francisco County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Counties

Alameda County
-2.4%
San Mateo County
-2.6%
San Francisco County
-5.4%
Marin County
-6.2%

Housing Supply in San Francisco County, CA

How many homes are available in San Francisco County, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,3511,466+8.5%

Summary: The San Francisco County real estate market had 1,466 homes for sale in February 2024, a 8.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 244262
+7.4%
2 464517
+11.4%
3 290317
+9.3%
4 170183
+7.6%
5+ 183187
+2.2%

Summary: The San Francisco County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 2.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
202291+44.1%

Asking Price vs. Sold Price

105 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

142 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Francisco County, you could pay more than the asking price. 49.5% of homes here sold above asking price last month.

Summary: A total of 291 homes were sold or pending in San Francisco County in February 2024, up by 44.1% month-over-month. Of the 287 sold homes, 37% were sold under asking, 14% were sold at asking, and 49% 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

Feb 2023Feb 2024CHANGE
41 Days53 Days+29.0%

Summary: Homes in San Francisco County had an average of 53 days on market in Feb 2024, up by 29% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Francisco County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 291 homes were sold in San Francisco County; 6% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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