San Francisco condo prices have jumped 27% year-over-year, driven largely by buyers who can no longer compete in the single-family home market. With limited inventory, rising tech-driven wealth, and intense competition in prime neighborhoods, demand has shifted sharply into larger condos and multi-unit properties. This post breaks down what’s behind the surge, where the market is moving fastest, and what it means for buyers and sellers right now.

SpaceX. Stripe. OpenAI. Anthropic. A quiet but significant IPO pipeline is building beneath SF's tech ecosystem — and historically, when private market liquidity unlocks at this scale, San Francisco real estate moves with it. Here's what the data is signaling right now.