What is the median home price in San Francisco?

The median home listing price in the San Francisco-Oakland-Fremont area right now is $911,375. This is the middle price, meaning half of the homes listed are more expensive, and half are less expensive. This median price is a bit lower than it was recently, dropping 3.9% from the prior month. Looking back over the past year, the median price has decreased by 5.0%. There are 5,495 homes actively listed for sale right now. This number is 13.0% lower than it was at this time last year, suggesting fewer homes are currently on the market compared to a year ago. Homes are also selling a bit quicker, staying on the market for a median of 38 days. This is 15.6% less time than they spent on the market over the past year, which means homes are finding buyers faster. For someone looking to buy, these numbers suggest that while prices have softened a bit, there are fewer homes to choose from, and they are moving off the market relatively quickly.

{ "answer": "The median home price in the San Francisco metro area is $911,375 right now. This is the typical price for homes currently listed for sale. The median listing price recently dropped by 3.9% from the previous month. Compared to this time last year, prices are down by 5.0%, meaning homes are generally listed for less than they were a year ago. There are 5,495 active listings available in the area. This is 13.0% fewer homes for sale compared to last year, suggesting less inventory for buyers to choose from. However, the number of new listings coming onto the market has stayed the same as last year, with 3,144 new homes. Homes are selling a bit faster, too. They are spending a median of 38 days on the market before going under contract. This is 15.6% quicker than they were a year ago. If you are looking to buy, you might find prices a little lower than they were previously, and homes are moving quickly. If you are selling, be aware that the typical listing price has seen recent drops." }