$10,000 Closing Credit*
$1,350,000
1,030 SqFt
2 Beds
•1 Full Bath, 1 Partial
#424053059, Betty A Taisch, Listing Office: Compass
Is San Francisco, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$1,400,275
$953/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$12,107(+0.9%)
Key Takeaway
Homes in San Francisco have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in San Francisco was $1,400,275 in August 2024, up 0.9% from last year, and the median price per square foot was $953.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $730K | $725K | -0.7% |
| 2 Bedrooms | $1.2M | $1.2M | -1.1% |
| 3 Bedrooms | $1.5M | $1.6M | +1.9% |
| 4 Bedrooms | $1.9M | $2.0M | +4.0% |
| 5+ Bedrooms | $2.2M | $2.2M | +2.6% |
Summary: San Francisco housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Belvedere Tiburon | $3.2M | $3.3M | +4.3% |
| Daly City | $1.1M | $1.1M | +4.1% |
| San Francisco | $1.3M | $1.4M | +0.9% |
| Alameda | $1.1M | $1.1M | +0.7% |
| Southeast Marin | $2.1M | $2.0M | -4.8% |
Housing Supply in San Francisco, CA
How many homes are available in San Francisco, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1,702 | 1,519 | -10.8% |
Summary: The San Francisco real estate market had 1,519 homes for sale in August 2024, a 10.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 315 | 303 | -3.8% |
| 2 Bedrooms | 574 | 496 | -13.6% |
| 3 Bedrooms | 389 | 324 | -16.7% |
| 4 Bedrooms | 207 | 175 | -15.5% |
| 5+ Bedrooms | 217 | 221 | +1.8% |
Summary: The San Francisco housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes increased by 1.8%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 418 | 321 | -23.2% |
Asking Price vs. Sold Price
123 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
163 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Francisco, you could pay more than the asking price. 50.9% of homes here sold above asking price last month.
Summary: A total of 321 homes were sold or pending in San Francisco in August 2024, down by 23.2% month-over-month. Of the 320 sold homes, 38% were sold under asking, 11% were sold at asking, and 51% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 46 Days | 52 Days | +13.3% |
Summary: Homes in San Francisco had an average of 52 days on market in Aug 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 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 August 2024, 321 homes were sold in San Francisco; 6% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% 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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