June 2025 - San Francisco Market Insights

The Local Lowdown

Quick Take:

• Median sale prices surge upward on a year-over-year basis, with condo values increasing by more than 8%.

• Inventories remain lower than they were last year, as fewer listings hit the market

• Listings are being bought up incredibly quickly, with the average single-family home spending less than two weeks on the market.

San Francisco median sale prices surge in May

San Francisco continues to hold firm as one of the most resilient housing markets in the Bay Area. In May, the median single-family home price reached $1,802,000, marking a 7.58% year-over-year increase. Condos saw an even stronger gain, rising 8.26% to $1,298,000 — some of the highest prices recorded in over two years.

Inventory levels remain lower than where they were last year

Despite more new listings entering the market, total inventory is still below last year's levels. Single-family home inventory dropped 2.54% year-over-year, while active condo listings fell 14.01%. Even with an 8.72% boost in new listings, closed sales were down 7.39%, showing that demand continues to outpace supply.

Listings are still being snapped up incredibly quickly

Homes are still moving fast. Single-family properties are selling in just 13 days, and condos in 23 days — a 26% improvement from last May.

The condo market remains a buyers’ market, while the single-family home market is a sellers’ market

The MSI (Months of Supply Inventory) confirms the market divide:

• Single-family homes: 1.8 months — sellers’ market

• Condos: 3.8 months — still a buyers’ market, but tightening

Bottom Line: Whether you’re navigating the high-demand single-family segment or eyeing the condo market while leverage still exists, San Francisco continues to be one of the most dynamic places to own real estate.