Home » Real Estate License » San Francisco Real Estate Market

San Francisco Real Estate Market

Own San Francisco Real Estate Market as an Agent

As you prepare to launch your lucrative career in real estate, now is the time to sharpen your knowledge about the San Francisco housing market. Explore insights about market demand and pricing tactics — helping you to not only thrive in this market but also sustain your business over time.

San Francisco Real Estate Market by the Numbers:

High Median Prices: The median price for homes in San Francisco is around $1.65 million, showing a 3.4% increase year-over-year despite recent short-term dips.*.
Inventory Remains Tight: San Francisco continues to face low housing inventory, contributing to sustained high prices and intense competition among buyers.*
Demand for Negotiation Expertise: Many homes are selling above list price. Over 50% of homes closing above asking is due to strong buyer demand, particularly in competitive neighborhoods.*
Mixed Market Activity: Some homes are still selling below the list price, with higher days on market in certain price ranges, indicating a selective market slowdown.*
Shift to More Balanced Market: Forecasts suggest a potential 3.6% decrease in home values expected over the next year, indicating a shift from a strong seller’s market to a more balanced dynamic.*

* Source: Norada Real Estate Investments

San Francisco Housing Market Trends

Success in the San Francisco real estate market also depends on staying informed about trends. Explore these latest trends:

Increased Interest in Suburban Areas: There’s a shift in interest toward suburban and rural locations around San Francisco, driven by the remote work trend. This has opened new market opportunities, especially in areas like Solano County, which has seen increased home sales.
Strong Seller’s Market for Single-Family Homes: Single-family homes in San Francisco are selling on average 6% above the list price, giving sellers more leverage, while condos are typically selling slightly below list price.
Steady Demand in Luxury Real Estate: The city’s luxury real estate market remains robust, attracting high-net-worth buyers.