Market Data · May 2026 · San Francisco
The May 2026 Numbers Are In — Here's What Happened
349 homes closed in San Francisco last month. 73% of them sold over asking price. The median sale price was $1.7M. Here's the full breakdown.
349
Total Sales
$1.7M
Median Sale Price
73%
Sold Over Asking
72
Avg Days on Market
$764M
Total Sales Volume
May was a strong month across the board. Nearly three out of four homes sold above list price — a signal that well-priced, well-located properties are still generating real competition. The average days on market of 72 is skewed by a handful of condos that sat for 300–700 days before finally closing. Remove the outliers and the market moves fast.
Single family homes dominated in both volume and price, with 170 SFH sales at a median of $2.175M. Condos were close behind at 164 sales and a $1.3M median. TIC volume was modest at 15 sales, but the $1.225M median tells you demand is still solid for the right unit.
Median by Property Type
| Type | Sales | Median Price | Avg Price |
|---|
| Single Family Home | 170 | $2,175,000 | $2,914,742 |
| Condominium | 164 | $1,300,000 | $1,515,242 |
| TIC | 15 | $1,225,000 | $1,329,533 |
Median by Bedrooms
| Bedrooms | Sales | Median Price |
|---|
| Studio | 4 | $419,750 |
| 1 Bed | 60 | $840,000 |
| 2 Bed | 103 | $1,600,000 |
| 3 Bed | 113 | $1,885,000 |
| 4 Bed | 51 | $3,300,000 |
| 5 Bed | 12 | $2,655,450 |
| 6 Bed | 5 | $6,000,000 |
The jump from 3 to 4 bedrooms is the steepest in the data — $1.885M to $3.3M, nearly a $1.5M step up. In SF's housing stock, that step usually means moving from a flat or smaller Victorian into a full house with a garage and yard. The market prices that difference clearly.
Market Data · May 2026 · San Francisco
The 5 Homes That Blew Past Asking in May
Every month a handful of listings become something else entirely — not a sale but a competition. These five went the furthest over their list prices in May 2026.
1
1956 Great Highway, SF 94116
SFH · 3BR · Listed $1,495,000 · Sold $3,500,000 · 45 days on market
+134%
2
287 Chenery St, SF 94131
SFH · 2BR · Listed $1,149,000 · Sold $2,500,000 · 36 days on market
+118%
3
3906 23rd St, SF 94114
SFH · 2BR · Listed $1,295,000 · Sold $2,500,000 · 68 days on market
+93%
4
2512 Union St, SF 94123
SFH · 6BR · Listed $7,950,000 · Sold $15,000,000 · 14 days on market
+89%
5
264 Liberty St, SF 94114
SFH · 2BR · Listed $1,995,000 · Sold $3,750,000 · 125 days on market
+88%
A few things jump out. First — every single one is a single family home. Condos are selling, but the multi-offer blowouts are still an SFH story. Second, 1956 Great Highway at +134% is a remarkable outlier — $1.5M list to $3.5M sale on a 3BR suggests either a deeply strategic underpricing or a location play that hit different with buyers. Third, 264 Liberty St sat for 125 days before closing $1.75M over ask, which tells you patience and the right buyer can still unlock serious value even after a long market time.
Market Data · May 2026 · San Francisco
5 Sales From May Worth Talking About
Beyond the headline numbers, the data tells some interesting stories. Here are five May closings that stood out for different reasons.
2606 Jackson St — $24,000,000
SFH · 3BR · Listed $22,500,000 · Sold 6.7% over · Pac Heights
The highest sale in San Francisco in May — and it's a 3-bedroom. Price per bedroom doesn't mean much at this level; you're buying the address, the scale, the finishes, and the land. At $24M this is the kind of sale that moves neighborhood comps and sets a new floor for what Pac Heights means at the top end.
2468 Broadway St — $7,000,000
SFH · Listed $3,995,000 · Sold 75% over asking · 12 days on market
Listed at $4M, sold for $7M in 12 days. That's not a sale — that's a bidding war. Broadway in Pac Heights at this price point attracted serious buyers and the result speaks for itself. For context, the seller left $4M on the table by listing where they did, or buyers paid $3M over fair value depending on how you look at it.
765 Market St #25G — $2,275,000
Condo · Listed $2,495,000 · Sold 8.8% under · 697 days on market
697 days on market. That's nearly two years of a listing sitting before a buyer finally closed. The $220K discount from list reflects both the time value of money and the market's verdict on pricing. High-rise luxury condos in SoMa have faced real headwinds — this one eventually found its buyer, but not before a long wait and a meaningful price cut.
621 25th Ave — $2,020,000
SFH · Listed $1,298,000 · Sold 55.6% over · 13 days on market
Richmond District SFH listed under $1.3M, gone in 13 days for over $2M. This is the classic SF playbook — strategic underpricing in a supply-constrained neighborhood to generate a week-one offer deadline. It worked. The question for buyers who missed it: there will be another one, and the data says you need to be ready to move.
288 Pacific Ave #2A — $1,804,688
Condo · Listed $1,995,000 · Sold 9.5% under · 414 days on market
414 days is a long time to wait for a buyer on Pacific Ave. The Nob Hill luxury condo market is more selective than it looks — price points above $1.5M for condos require a very specific buyer and a lot of patience. The $190K reduction from list is the cost of starting too high. The buyer who eventually closed got a well-located unit at a meaningful discount.
Market Commentary · May 2026 · San Francisco
What May's Data Actually Tells Us About the SF Market
349 sales. $764M in volume. 73% over asking. Here's what the numbers mean in plain terms.
SFHs Are Still the Main Event
Single family homes in SF continue to be the most competitive asset class. 170 SFH sales at a $2.175M median, with the top deals going 88–134% over asking. The supply of detached SFHs in SF is essentially fixed — the city isn't building them — which keeps demand concentrated and prices firm. If you're a buyer competing for an SFH, you're in a different market than condo buyers, and you need to be prepared for that.
Condos: Two Different Markets in One Category
The condo data is the most nuanced story in May. At the volume level, 164 condos closed — nearly identical to SFHs. But buried in that number is a real split: well-located, right-sized condos in strong neighborhoods are selling competitively. Meanwhile, high-rise luxury units in SoMa and the financial district are sitting — sometimes for 400–700 days — and closing under asking. If you're looking at condos, the neighborhood and building matter as much as the unit.
TICs: Quiet but Consistent
15 TIC sales in May at a $1.225M median. Not flashy, but consistent. For buyers who can't stretch to SFH territory, well-located TICs in neighborhoods like Noe Valley, Cole Valley, and the Inner Sunset remain a legitimate path to SF ownership — and a potential condo conversion upside down the road.
The Days on Market Story Is Being Distorted
The average DOM of 72 days sounds slow, but it's being heavily skewed by a small number of condos that sat for 300–700 days. The median DOM tells a different story. The fast-moving sales — multiple SFHs closing in 12–14 days at 55–89% over asking — are what defines the feel of this market for most buyers on the ground. When the right home hits in the right location, it moves.
The $3.3M Four-Bedroom Floor
The jump from 3BR median ($1.885M) to 4BR median ($3.3M) is one of the more striking data points in May. That's a $1.4M step up for one additional bedroom. In SF real estate terms, it's really a step up in property type — you're typically moving from a flat or condo into a full house. The market prices that transition clearly, and it creates a natural ceiling for buyers who need 4BR but can't reach that level.
