San Francisco Housing Market – Summer 2025: A Tale of Two Realities
By Stephanie Johnson, Your San Francisco Real Estate Authority
Published August 5, 2025
Summary
- Single-family homes remain highly competitive due to low inventory
- Condos face slower demand and rising unsold inventory
- Presentation, pricing, and property quality are driving outcomes
- Post–Labor Day is expected to bring a surge in listings
SF Single-Family Homes: Competitive Market with Low Supply
- Median Price: $1.637M (+2.3% YoY - July)
- Average Price Per Square Foot: $1,018 (+1.3% YoY - July)
- Average Days on Market: 27
- Sold Over Asking: 69.7% of listings
- Average Sold-to-List Ratio: 112%
- New Listings: -18.5% compared to last year
- Inventory: 1.2 months of supply (expected to rise after Labor Day)
Homes that are recently renovated, well-located, have functional layouts, outdoor space, and parking are seeing strong buyer interest and are selling fast. However there are over 80 single-family listings in SF that have been sitting on the market for more than 60 days—often due to pricing issues, deferred maintenance, or missing key features.
SF Condos: Softer Market with Growing Inventory
- Median Price: $1.145M (-11.9% YoY - July)
- Average Price Per Square Foot: $1,012 (relatively flat)
- Average Days on Market: 62 (+10.7% YoY - July)
- Sold Over Asking: 30% of listings
- Average Sold-to-List Ratio: 100.1%
- New Listings: -5.1% (YoY - July)
- Inventory: 3.1 months of supply (expected to rise after Labor Day)
High HOA dues, increased insurance costs, and elevated interest rates have significantly impacted condo affordability. As a result, many buyers are priced out of the market, and inventory is accumulating. The SF condo market currently offers some of the best value buys of the last several years. And with more inventory surely coming next month, fall 2025 will offer a huge opportunity to buy a condo in SF.
Strategic Takeaways
- Sellers of single-family homes benefit from low inventory—but only if their home is move-in ready and priced and presented correctly
- Condo sellers need to be strategic and realistic with pricing, as buyers have more choices and less urgency
- Buyers may find opportunity in the condo market and must be prepared to compete for quality single-family homes
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