Is San Francisco, 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 has remained a Seller's Market.
Housing Prices in San Francisco, CA
How much do homes in San Francisco, CA cost?
Median Sold Price
$1,398,277
$947/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in San Francisco was $1,398,277 in March 2024, down 3.8% 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 | -6.1% |
3 Bedrooms | $1.6M | $1.5M | -5.9% |
4 Bedrooms | $2.1M | $2.0M | -4.8% |
5+ Bedrooms | $2.4M | $2.2M | -8.6% |
Summary: San Francisco 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 6.1%, 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 Cities
Belvedere Tiburon | $3.2M | $3.5M | +6.8% |
Daly City | $1.1M | $1.1M | -2.6% |
Alameda | $1.2M | $1.1M | -3.4% |
San Francisco | $1.4M | $1.3M | -3.8% |
Southeast Marin | $2.1M | $2.0M | -5.3% |
Housing Supply in San Francisco, CA
How many homes are available in San Francisco, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,597 | 1,671 | +4.6% |
Summary: The San Francisco 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 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
Summary: A total of 343 homes were sold or pending in San Francisco 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, CA
How long does it take to sell a home in San Francisco, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 42 Days | -35.6% |
Summary: Homes in San Francisco 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
Summary: During March 2024, 343 homes were sold in San Francisco; 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.