How much is my San Francisco home worth?

Your home in the San Francisco area is likely worth around $996,500, based on the middle price of all homes listed recently. This price has stayed pretty steady over the past year. Your home’s value per square foot is likely around $649. This amount has dropped a bit over the past year. There are fewer homes for sale right now, which can affect how much your home sells for. The number of homes on the market is down 17.4% from a year ago. Homes are also selling a little faster. The typical home sells in 37 days, which is 7.6% quicker than last year. This means homes aren't sitting on the market as long. About 13.1% of homes have also had a price drop, which is 3.7% fewer than last year. Fewer price drops might suggest demand is pretty stable. For sellers, this means homes are still attracting buyers and selling within a reasonable timeframe. Setting a realistic price from the start can help you sell your home efficiently.

The typical home in your area is currently listed at around $996,500. This price has stayed pretty much the same over the past month and year, only dipping slightly by 0.2% in both periods. Right now, there are fewer homes on the market, with active listings down 17.4% compared to this time last year. There are also fewer new homes being put up for sale, with a 7.6% drop in new listings over the past year. Even with fewer homes, properties are moving a bit faster. Homes are staying on the market for 37 days, which is 7.6% less time than a year ago. Also, fewer sellers are dropping their prices; the share of price reductions is down 3.7% from last year, now at 13.1%. Buyers are actively looking though. For every 100 homes for sale, about 49 are under contract to be sold. This number is up 10% from last year, showing strong buyer interest even with fewer homes available. As a homeowner, this suggests that while overall prices are stable, your home might sell quicker than it would have a year ago, and you might not need to reduce your asking price.