$10,000 Closing Credit*
$1,975,000
2,386 SqFt
Michael Verdone, Listing Office: Economic Concepts
Is South San Francisco, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$1,242,583
$837/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$80,083(+6.9%)
Key Takeaway
Homes in South San Francisco have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in South San Francisco was $1,242,583 in December 2024, up 6.9% from last year, and the median price per square foot was $837.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $618K | $482.6K | -21.9% |
| 2 Bedrooms | $889.5K | $868.7K | -2.3% |
| 3 Bedrooms | $1.2M | $1.2M | +5.0% |
| 4 Bedrooms | $1.3M | $1.4M | +4.9% |
| 5+ Bedrooms | $1.4M | $1.6M | +19.8% |
Summary: South San Francisco housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in South San Francisco, CA
How many homes are available in South San Francisco, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 71 | 46 | -35.2% |
Summary: The South San Francisco real estate market had 46 homes for sale in December 2024, a 35.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 13 | 7 | -46.2% |
| 3 Bedrooms | 33 | 22 | -33.3% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The South San Francisco housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South San Francisco, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in South San Francisco in December 2024, down by 18.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 14% were sold at asking, and 62% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +59.1% |
Summary: Homes in South San Francisco had an average of 35 days on market in Dec 2024, up by 59.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South San Francisco are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 22 homes were sold in South San Francisco; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. 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. Properties may or may not be listed by the office/agent presenting the information.