August 2025 - San Francisco Market Insights

San Francisco

The Local Lowdown

Quick Take:

• Homes in the San Francisco area continue to sell within their historical average range.
  
  

• Lack of inventory remains a huge challenge throughout San Francisco.
  
  

• Despite low supply, condos are still spending more time on the market compared to single-family homes.
  
  

Note: You can find the charts/graphs for the Local Lowdown at the end of this section.

Home values in San Francisco remain steady

Even though inventory has been steadily shrinking, median sales prices have stayed consistent within their long-term ranges in both the single-family and condo markets.

Condos saw a 11.92% year-over-year drop in median sale price, but that’s not unusual since condo prices tend to be more volatile. In contrast, single-family homes recorded a 2.34% increase, showing ongoing demand for detached homes.

San Francisco’s inventory shortage continues

While many Bay Area markets are seeing inventory pile up, San Francisco faces the opposite challenge — not enough homes on the market.

In July:

• Single-family inventory fell 15.93% year-over-year.
  
  

• Condo inventory dropped 19.91% year-over-year.
  
  

Fewer new listings are driving this trend. Single-family homes had 18.46% fewer new listings compared to last year, and condos had 5.09% fewer.

Condos sit longer, while houses sell quickly

Single-family homes are moving fast, selling in just 14 days on average in July. Condos, on the other hand, are sitting much longer, with an average of 44 days on market — a 12.82% increase year-over-year.

This difference isn’t new for San Francisco; condos have historically taken longer to sell than single-family homes.

Condo market nears balance

When measuring whether a market favors buyers or sellers, we look at Months of Supply Inventory (MSI):

• Condos: 3.1 months of supply, moving toward a more balanced market.
  
  

Single-family homes: 1.2 months of supply, still firmly in seller’s market territory.