San Francisco real estate January 2025 report cover with a panoramic view of the Golden Gate Bridge and city.

San Francisco Home Prices, Market Conditions & Trends January 2025

In 2024, the median house sales price increased year over year. The number of new listings and sales rose in 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 cover with a panoramic view of the Golden Gate Bridge and city.
 
Summary of 2024 San Francisco housing trends, economic conditions, and seasonal market activity, with a 2025 outlook.
 
Chart of San Francisco median house prices, 1993–2024, showing a 4% increase in 2024.
 
Chart of San Francisco year-over-year median house sale price appreciation rates, 1990–2024.
 
Chart of San Francisco median condo prices from 1993–2024, showing rising prices and market-cycle annotations.
 
Chart of San Francisco condo price changes, 1995–2024, including a 35% peak in 2000 and a 13% drop in 2009.
 
Chart of median San Francisco condo prices by neighborhood, from Cow Hollow to Van Ness/Civic Center.
 
San Francisco neighborhood home-price chart, with green bars ranking median sale prices and selected high sales.
 
Chart comparing San Francisco median house and condo prices per square foot from 2005 to 2024; both rose in 2024.
 
San Francisco new-listing counts by year, 2005–2024, with market-era annotations.
 
Chart of San Francisco home sales by year from 2005 to 2024, rising 11.5% in 2024.
 
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 infographic with price-segment pie chart and property-type percentages.
 
Chart comparing annual average days on market for San Francisco condo and house sales, 2005–2024.
 
Chart comparing annual San Francisco house and condo sales over list price, 2005–2024.
 
Chart comparing San Francisco house and condo sale prices with list prices from 2005 to 2024.
 
Bay Area home-value chart comparing 2024 prices and square footage by county and bedroom count.
 
Table comparing 2024 median sale prices, square footage, and price per square foot by county and home size.
 
2024 Bay Area county table of median condo and townhouse prices, sizes, and per-square-foot values.
 
Bar chart of San Francisco active and coming-soon home listings from February 2022 to January 2025.
 
Chart of San Francisco listings going into contract, August 2021–December 2024, with seasonal peaks and December lows.
 
Chart of monthly San Francisco home sales volume from January 2020 through December 2024, with seasonal lows marked.
 
Chart of San Francisco $4 million-plus home sales, with monthly bars from 2018 to 2024 and seasonal annotations.
 
Selected economic indicators: inflation, mortgage rates, stock markets, all-cash sales, population change, and homeowner’s insurance.
 
Chart of monthly CPI inflation, peaking at 8.9% in 2022 and reaching 2.7% in November 2024.
 
Chart of federal funds rates from 1981 to 2024, annotated with major economic events and Federal Reserve actions.
 
Chart of weekly 30-year mortgage rates from 2023 to January 2025, with an annotated October 2023 peak and 2024 rebound.
 
Line chart shows 2024 gains in the Nasdaq and S&P 500, with the Nasdaq rising more by early January 2025.
 
Bar chart of California all-cash home purchases, peaking at 30% in 2012 and reaching 27% in 2024.
 
Bar chart of population changes by state since 2020, with Idaho highest at 8.8% and New York lowest at -1.7%.
 
Bar chart shows insurance difficulties rising across California property locations from 2023 to 2024, highest for vacation homes.
 
Chart of U.S. Census estimates for reasons people moved in 2023; home upgrades and job changes lead.
 
Real estate market-data definitions and disclaimers, photo-use credit, and Compass legal notice.

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