What is the median home price in San Francisco?

The typical home in San Francisco is listed for $948,500 right now. This price has dropped a bit recently, both from the previous month and compared to last year. Looking at the past year, the median listing price is down 4.2%. From the previous month, it decreased by 4.8%. This means homes are currently being listed for less than they were a short while ago and less than they were a year ago. There are fewer homes for sale right now. The number of active listings is down by 16.3% compared to last year. Fewer new homes are coming on the market too, with new listings down 7.1% over the past year. Homes are staying on the market for a shorter time, about 39 days, which is 11.8% less than last year. Also, a slightly smaller share of homes, 14.3%, are seeing price reductions compared to last year. If you're thinking of buying, these numbers suggest that prices have softened a bit, and homes are selling relatively quickly, even with fewer new listings coming up.

The median home price in San Francisco is $948,500. This is a bit lower than it was a month ago and also less than it was at this time last year. Right now, there are 5,593 homes for sale. This is fewer homes compared to what was available a year ago, showing a 16.3% drop. There are also fewer new homes coming onto the market, down 7.1% over the past year with 3,020 new listings. Homes are selling a little faster too, staying on the market for 39 days. That's nearly 12% quicker than a year ago. About 14.3% of homes have had a price drop, which is slightly less common than last year. For every square foot, homes are priced at $629, which is also less than a year ago. The average price for homes is even higher at $1,456,746, and that's also lower than it was at this time last year. If you are looking to buy, the recent price drops and quicker sales suggest you should be ready to act when you find a home you like.