The average selling price in June for all single family
homes in San Francisco fell to $2,131k compared to $2,417k in May. The number of sales, days-on-market, and
premium were mostly unchanged.
The premium (selling price vs listing price) for a 2
bedroom, 1 bath single family home was down from $118k to $114k. The number of sales was down to 21 in June from
31 the previous month. The avgerage selling price was down 3% to $1,224 from $1,265
the previous month
The number of sales of 3 bedroom, 2 bath single family homes
was unchanged. The average selling price
was down to $1,622k compared to $1,803k the previous month. The premium rose to 117% compared to 113% in
May.
For condos, average selling prices were down across the
board compared to May while days-on-market have increased. The number of units
for sale is up except for 2 bedroom, 2 bathroom units.
Overall, condo inventory (units on the market) is down by
23% compared to May. For single family
homes inventory is down 18% compared to May.
In the first six months of the year TICs sold for $66k -
$175k less than a comparable condo. The
exception is 1 bedroom, 1 bath units where TICs are selling for $41k more than
the comparable condo.
Compared to a year ago, the average selling price of a 2
bedroom, 1 bath single family home dropped $147,000 ($1,224,000 vs $1,371,000). In June 2025 buyers paid 14% over asking
compared to 24% over asking in June 2024.
Also compared to a year ago, the number of condo sales was up 33%. Average selling prices were down slightly by $4,000 although 2 bedroom, 2 bath condos sold for $109,000 more in June 2025 than a year ago ($1,265,000 vs $1,156,000).
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