$9,358 Closing Credit*
$788,000
928 SqFt
2 Beds
•2 Full Baths
Cathy Robles, Listing Office: American Lighthouse Estates Inc
Is San Francisco, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Francisco has remained a Seller's Market.
Key Takeaway
San Francisco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Francisco, CA
How much do homes in San Francisco, CA cost?
Median Sold Price
$1,407,244
$954/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,515(+1.5%)
Key Takeaway
Homes in San Francisco have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in San Francisco was $1,407,244 in October 2024, up 1.5% from last year, and the median price per square foot was $954.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $725.8K | $717.5K | -1.1% |
| 2 Bedrooms | $1.2M | $1.2M | +1.9% |
| 3 Bedrooms | $1.5M | $1.6M | +2.7% |
| 4 Bedrooms | $1.9M | $2.0M | +5.6% |
| 5+ Bedrooms | $2.2M | $2.2M | +1.4% |
Summary: San Francisco housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Alameda | $1.1M | $1.1M | +3.1% |
| Daly City | $1.1M | $1.1M | +2.4% |
| San Francisco | $1.3M | $1.4M | +1.5% |
| Southeast Marin | $2.1M | $2.1M | 0% |
| Belvedere Tiburon | $3.5M | $3.1M | -11.7% |
Housing Supply in San Francisco, CA
How many homes are available in San Francisco, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,060 | 2,073 | +0.6% |
Summary: The San Francisco real estate market had 2,073 homes for sale in October 2024, a 0.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 365 | 366 | 0.3% |
| 2 Bedrooms | 666 | 657 | -1.4% |
| 3 Bedrooms | 474 | 501 | +5.7% |
| 4 Bedrooms | 270 | 265 | -1.9% |
| 5+ Bedrooms | 285 | 284 | -0.4% |
Summary: The San Francisco housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 0.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 310 | 424 | +36.8% |
Asking Price vs. Sold Price
121 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
269 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Francisco, you could pay more than the asking price. 63.4% of homes here sold above asking price last month.
Summary: A total of 424 homes were sold or pending in San Francisco in October 2024, up by 36.8% month-over-month. Of the 424 sold homes, 29% were sold under asking, 8% were sold at asking, and 63% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 33 Days | -0.9% |
Summary: Homes in San Francisco had an average of 33 days on market in Oct 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
290 Homes Were Sold
Under 30 Days
101 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Francisco are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 424 homes were sold in San Francisco; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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