Is San Francisco, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, San Francisco has remained a Seller's Market.
Housing Prices in San Francisco, CA
How much do homes in San Francisco, CA cost?
Median Sold Price
$1,397,333
$947/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in San Francisco was $1,397,333 in February 2024, down 5.3% from last year, and the median price per square foot was $947.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $805K | $719K | -10.7% |
2 Bedrooms | $1.3M | $1.2M | -7.7% |
3 Bedrooms | $1.7M | $1.5M | -8.6% |
4 Bedrooms | $2.1M | $1.9M | -7.2% |
5+ Bedrooms | $2.4M | $2.2M | -10.4% |
Summary: San Francisco housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
Belvedere Tiburon | $3.1M | $3.5M | +12.9% |
San Francisco | $1.4M | $1.3M | -5.3% |
Daly City | $1.1M | $1.1M | -5.6% |
Southeast Marin | $2.1M | $2.0M | -6.6% |
Alameda | $1.2M | $1.1M | -7.0% |
Housing Supply in San Francisco, CA
How many homes are available in San Francisco, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,351 | 1,466 | +8.5% |
Summary: The San Francisco 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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 244 | 262 | +7.4% |
2 Bedrooms | 464 | 517 | +11.4% |
3 Bedrooms | 290 | 317 | +9.3% |
4 Bedrooms | 170 | 183 | +7.6% |
5+ Bedrooms | 183 | 187 | +2.2% |
Summary: The San Francisco 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 2024 | Feb 2024 | CHANGE |
---|---|---|
202 | 291 | +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
Summary: A total of 291 homes were sold or pending in San Francisco 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, CA
How long does it take to sell a home in San Francisco, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 53 Days | +29.0% |
Summary: Homes in San Francisco 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
Summary: During February 2024, 291 homes were sold in San Francisco; 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.