San Francisco kicks off 2026 with explosive price growth. Single-family home prices in San Francisco increased by more than 16% year-over-year, marking one of the strongest January performances in recent memory. The median sale price for single-family homes reached $1,653,325, while condos saw a median sale price increase of 2.77% to $1,020,000.
The market’s rapid appreciation is attributed to a severe shortage of available homes. Inventory levels remain critically low, with total listings down nearly 40% compared to last year. There are currently just 148 single-family homes and 338 condos for sale in the city, representing declines of 37.82% and 36.94%, respectively.
Homes are selling quickly due to high demand and limited supply. The average single-family home is selling in just 13 days—more than half the time it took last January when homes sat on the market for an average of 30 days. Condos are also moving faster, averaging 65 days on the market, an improvement from last year’s figures.
San Francisco remains a strong seller’s market based on Months of Supply Inventory (MSI). With only 0.8 months of inventory for single-family homes and 1.8 months for condos—both well below the three-month threshold that defines a balanced market—sellers continue to have significant leverage during negotiations.
Until substantial new inventory enters the market, buyers will likely continue facing stiff competition and limited options throughout San Francisco.
