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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South San Francisco is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, South San Francisco has remained a Seller's Market.

Key Takeaway

South San Francisco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South San Francisco, CA

How much do homes in South San Francisco, CA cost?

Median Sold Price

$1,240,000

$834/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$89,000(+7.7%)

Key Takeaway

Homes in South San Francisco have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in South San Francisco was $1,240,000 in September 2024, up 7.7% from last year, and the median price per square foot was $834.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $619K$475K
-23.3%
2 $815K$907.5K
+11.3%
3 $1.2M$1.2M
+4.2%
4 $1.3M$1.5M
+12.2%
5+ $1.3M$1.7M
+25.2%

Summary: South San Francisco housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 25.2%.

Median Sold Price Compared To Nearby Cities

Brisbane
+8.2%
South San Francisco
+7.7%
Daly City
+2.7%
San Bruno
0%

Housing Supply in South San Francisco, CA

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
85104+22.4%

Summary: The South San Francisco real estate market had 104 homes for sale in September 2024, a 22.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 55
0.0%
2 1214
+16.7%
3 4662
+34.8%
4 1616
0.0%
5+ 67
+16.7%

Summary: The South San Francisco housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 34.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2125+19.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South San Francisco, you could pay more than the asking price. 72% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in South San Francisco in September 2024, up by 19.0% month-over-month. Of the 25 sold homes, 24% were sold under asking, 4% were sold at asking, and 72% were sold over asking.

Days on Market for South San Francisco, CA

How long does it take to sell a home in South San Francisco, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days23 Days+38.3%

Summary: Homes in South San Francisco had an average of 23 days on market in Sep 2024, up by 38.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 25 homes were sold in South San Francisco; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% 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 30 Days Ago

Newest Listings in South San Francisco, CA

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