San Francisco real estate —
right now.
A monthly read for buyers, sellers, and anyone curious about where the SF market is headed. No fluff. Just data, context, and Dustin's honest take on what it means for you.
Median sale price
$2.1M
+16% YoY
Median sale price rising from $1.8M to $2.1M year-over-year reflects continued price appreciation, meaning buyers are operating in a higher-cost market with increased competition pushing overall values up.
Median Days on Market
20 days
−1 days YoY
Days on market holding steady suggests buyers don’t necessarily have more time to hesitate—well-priced homes are still moving quickly, so hesitation can still mean missing out on the best opportunities.
Median Sale vs List
118.6%
+5pts YoY
Buyers are competing more aggressively and pushing prices further above list than last year.
Months of Inventory
1 month
−11% YoY
At the current sales pace, all available homes on the market would sell in about 30 days, indicating a very strong seller’s market.
Updated April 2026**
Home Price Appreciation
Over Time
San Francisco real estate has demonstrated consistent long-term appreciation since 1990.
Annual change in home value · San Francisco MSA · 1990–2025 · Source: Case-Shiller
What this month's data
means for you
View the latest April housing market statistics, including home prices, inventory levels, and trends affecting buyers and sellers.
Dustin's take 2026
San Francisco entered 2026 with renewed momentum. After the post-COVID slowdown, the city is showing clear signs of recovery — businesses are returning, new leadership is focused on revitalization, and buyer confidence is steadily rebuilding.
In the housing market, demand has returned, but inventory remains tight — and that imbalance is creating real opportunity on well-positioned homes. Across the city, properties are attracting multiple offers, with buyers pushing prices beyond the list in the most desirable segments.
For buyers, the advantage is being prepared — having financing in place and the ability to act decisively when the right home hits the market. For sellers, the advantage is timing and pricing correctly, as serious buyers are active and competition can quickly drive strong outcomes when a property is positioned well.