Should I wait to buy a home in San Francisco?

Deciding to buy a home depends on your personal situation, but looking at prices and competition in San Francisco might help you decide. You won't see much significant price change right now, and there are fewer homes to choose from. Right now, the median home price in San Francisco is about $998,250. This price hasn't really budged since last month and is just a tiny bit lower than last year. There are fewer homes for sale compared to last year. We're seeing 16.5% fewer active listings and 8.1% fewer new homes coming on the market. This means you have fewer options to pick from. Homes are selling a bit faster, too, spending about 32 days on the market. That's 8.6% quicker than last year, suggesting that even with fewer choices, some homes are still moving quickly. Since prices are steady and there are fewer homes available, you might not gain much by waiting. If you find a home you love now, it could be a good time to make an offer rather than hoping for a big price drop later.