Open-plan living room and kitchen with gray seating, a white island, and large windows.

San Francisco Home Prices, Market Conditions & Trends January 2025

In 2024, the median house sales price increased year over year. The numbers of new listings and sales rose from 2023, but volumes remained well below long-term norms. Fueled by rising stock markets, luxury home sales strongly outperformed the general market. There was a slight reduction in overbidding statistics, and, on average, listings took somewhat longer to sell. Details follow within this report.
 
San Francisco Real Estate January 2025 Report
 
San Francisco 2024 housing market and economic trends report with Compass branding.
 
Chart of San Francisco median house sale prices from 1993 to 2024, with green bars and historical market annotations.
 
Chart of San Francisco annual home price appreciation rates from 1990 through 2024, with a 29% peak in 2000.
 
Chart of San Francisco neighborhood home prices, with median prices and selected high sales.
 
Bar chart of San Francisco median condo prices from 1993 to 2024, showing a 2021 peak and a slight 2024 increase.
 
Bar chart of San Francisco new listings by year, 2005–2024; 2024 shows 6,610 listings.
 
Chart of annual San Francisco condo price appreciation from 1995 to 2024, with market-cycle annotations.
 
Chart comparing median condo sale prices across selected San Francisco neighborhoods, with some high sale prices noted.
 
Chart of San Francisco house and condo median prices per square foot from 2005 to 2024, with a slight increase in 2024.
 
Chart of San Francisco annual home sales, 2005–2024; sales rose 11.5% in 2024 but remained historically low.
 
Chart of San Francisco luxury home sales from 2005–2024, with $5 million-plus sales rebounding to 115 in 2024.
 
San Francisco 2024 home sales by price segment, shown in a pie chart with property-type breakdown.
 
San Francisco average days on market for condo and house sales, 2005–2024; houses sold faster each year.
 
Chart comparing San Francisco house and condo sales above list price from 2005 to 2024.
 
San Francisco chart comparing house and condo sale prices with list prices from 2005 to 2024.
 
Bay Area 2024 median home values by county and bedroom count, with San Francisco highlighted.
 
Infographic comparing 2024 median house prices, square footage, and price per square foot by Bay Area county and bedroom count.
 
Bay Area median condo and townhouse values by county, property type, and bedroom and bath count in 2024.
 
Chart of San Francisco active and coming-soon home listings by month, January 2022–January 2025.
 
Chart of San Francisco listings entering contract, showing monthly seasonality from August 2021 through December 2024.
 
Bar chart of San Francisco monthly home sales, January 2020–December 2024, highlighting seasonal January lows and the June 2021 peak.
 
Chart of San Francisco $4 million-plus home sales from 2018 to 2024, showing the pandemic boom and seasonal swings.
 
Selected economic indicators affecting the housing market, with the Compass logo.
 
Bar chart of U.S. CPI inflation from 2021 to November 2024, peaking at 8.9% in June 2022.
 
Chart of federal funds interest rates since 1981, annotated with economic events and Federal Reserve actions.
 
Chart of weekly 30-year mortgage rates from 2023 through January 2025, with annotations on rate changes.
 
Chart of 2024 stock market gains: Nasdaq ends near 31%, ahead of the S&P 500 at about 24%.
 
Bar chart showing California all-cash home purchases rising from 11% in 2005 to 27% in 2024.
 
Chart of population changes by state, with growth in green and declines in red from 2020 to 2024.
 
Chart compares insurance difficulties by California property location in 2023 and 2024, highest for vacation or second homes.
 
Infographic ranking reasons people moved in 2023, led by larger homes and job transfers.
 
Disclaimer explaining real estate statistics, data limitations, photo licensing, and Compass legal disclosures.

Work With Amanda

Amanda Sharp is dedicated to helping you find your dream home and assisting with any selling needs you may have. Contact Amanda today to start your home searching journey!

Follow Me on Instagram