| Single Family | Condo | |
|---|---|---|
| Total Sales | 2608 | 2543 |
| Median Sale Price | $1.68M | $1.15M |
| Average Sale Price | $2.27M | $1.36M |
| Avg Price / Sq Ft | $1,062 | $1,043 |
| Median Days on Market | 34 days | 47 days |
| Sold Over Asking | 77% | 38% |
| Avg Overbid % | +21.5% | +10.6% |
| Sold Under Asking | 19% | 51% |
| Avg Underbid % | -8.6% | -6.9% |
Single-family homes sell faster and command a premium — but 77% close over asking at an average overbid of +21.5%. Condos offer more negotiating room: 51% sell under asking.
San Francisco Real Estate Market Commentary — March 2026
Market Overview
San Francisco's real estate market is entering spring 2026 with notable momentum. Based on 9,114 closed sales through March 19, 2026, average sold prices across all property types have climbed to $2.21M over the past 90 days — up 17% from $1.88M in the same period a year ago. Days on market have tightened slightly, from 68 days to 66, signaling steady but not frantic demand.
Single Family Homes
Single-family homes remain the most competitive segment. With 447 sales in the last 90 days averaging $2.35M, buyers are consistently paying well above asking — the average overbid sits at 17.8%, a striking jump from roughly 3.9% a year ago. This is a seller's market in the truest sense: well-priced homes in good condition are drawing multiple offers quickly. Buyers should come prepared with pre-approval in hand and realistic expectations on contingencies.
Condos & Co-ops
Condos (467 sales, avg $1.47M) and co-ops (68 sales, avg $1.65M) tell a more measured story. Condo buyers are averaging just 2.7% over asking, and days on market hover around 70 days — giving buyers more room to negotiate and conduct due diligence. For agents working condo buyers, this is one of the more favorable entry windows we've seen in this cycle.
Neighborhood Spotlight
The most active neighborhoods over the past 90 days reflect SF's diversity of price points:
- Pacific Heights — 46 sales at an average of $3.81M, anchoring the luxury end
- Noe Valley — 43 sales at $2.79M, consistent demand from family buyers
- Nob Hill — 43 sales at $1.83M, a reliable mid-market performer
- Inner Mission — 51 sales at $1.60M, attractive to first-time buyers and investors
- South Beach — 58 sales at $1.38M (highest volume), driven by condo inventory
- Bernal Heights — 38 sales at $1.59M, strong community appeal with relative value
Monthly Trend
After a quieter holiday stretch (December–January overbids averaging ~3%), February rebounded sharply to 9% above asking, and March's early data is tracking at 13% — consistent with SF's seasonal spring surge. Volume is on track to normalize after October's peak of 873 sales.
What This Means for Your Clients
For sellers: Pricing accurately at or just below market remains the best strategy to drive competition. Homes that linger beyond 30 days lose leverage fast.
For buyers: Single-family inventory is tight and moves quickly — act decisively when the right home appears. Condos offer more time and negotiating room, especially in South Beach and Nob Hill.
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*Data through March 19, 2026 · 9,114 closed sales · Source: MLS*