San Francisco Housing Market Trends | April 2026

Newsletter

The Local Lowdown: San Francisco Housing

Quick Take:

Median sale prices are climbing fast—single-family homes are up 21% year-over-year.
Inventory is still painfully low, down nearly 40% for both single-family homes and condos.
Homes are selling fast, with single-family homes moving in 12 days and condos in 14 days.
(Charts/graphs are included at the end for a closer look.)

San Francisco’s market is sizzling at the start of 2026

February brought some eye-popping numbers in San Francisco. Single-family homes saw a 21.4% jump in median sale price, now sitting at $1,942,500, while condos climbed nearly 12% to $1,225,000. Competition is intense—single-family homes are selling for 16.5% over asking, and condos for 4.3% over asking, marking one of the strongest months for condo premiums in recent memory.

Inventory is still at historic lows

Even with spring usually bringing more listings, the supply of homes just isn’t keeping up. There are only 157 single-family homes for sale, a 37% drop from last February, and 391 condos, down almost 39% year-over-year. That’s less than 550 homes total across the city. Until more sellers step up, buyers will continue facing fierce competition.

Homes are flying off the market

With inventory so tight, homes are moving fast. Single-family homes are selling in just 12 days (down 8% from last year), while condos are even quicker at 14 days—a 26% drop year-over-year. If something catches your eye, you need to act fast. There’s no time to hesitate in this market.

San Francisco: a true seller’s market

We look at Months of Supply Inventory (MSI) to understand market balance. California’s historical average is about 3 months. Less than that? Sellers hold the advantage. More than that? Buyers have more leverage.

Right now, San Francisco has just 0.8 months of single-family inventory and 2.1 months for condos, both down more than 40% year-over-year. That’s a deeply entrenched seller’s market, and sellers still hold all the power.

Bottom Line

San Francisco’s housing market is hot, fast, and competitive. Prices are rising sharply, inventory remains extremely low, and homes are selling in just a matter of days. Buyers need to be ready to move quickly, while sellers continue to hold the upper hand. With supply so tight and demand so strong, this seller’s market isn’t showing signs of slowing down anytime soon.