July '25 Deep Dive - San Francisco
Ascend RE August 12, 2025
Newsletter
Ascend RE August 12, 2025
Newsletter
Median sale prices in San Francisco climbed again in June, continuing their upward momentum.
Inventory remains critically low, with fewer homes available each month.
Properties—especially single-family homes—are selling at remarkable speed.
Note: Charts/graphs for the Local Lowdown are located at the end of this section.
Home prices in San Francisco continued their steady rise in June. Single-family homes saw a 4.42% increase in median sale price compared to last year, while condos jumped 10.52%. On average, single-family homes are selling for 112% of list price, while condos sell just shy of list at 99.7%.
The steady price growth is fueled by a shortage of new listings. Each month, inventory gets absorbed and often doesn’t return to the market. Compared to last year, June closed with 7.87% fewer single-family homes and 18.77% fewer condos for sale.
Low supply and strong demand are moving properties quickly. Single-family homes averaged just 14 days on market in June—6.67% faster than last year—while condos averaged 31 days, the same as a year ago.
San Francisco’s single-family market remains firmly in seller territory with just 1.5 months of supply. The condo market is more balanced, leaning toward buyers with 3.5 months of supply, but inventory is trending lower here too.
Demand is outpacing supply in San Francisco, especially for single-family homes, keeping sellers in the driver’s seat. Condo buyers still have room to negotiate, but that window may be narrowing.
Browse our blog posts to be in the know.
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You’ve got questions and we can’t wait to answer them.