San Francisco Real Estate Market Report – March 2022

 

Welcome to our monthly San Francisco Real Estate market report. Here we review the recent sales stats and current trends! In February, San Francisco’s median sold price for single-family homes was $2,075,000. This is up 17.4% from February last year and was just shy of the all-time high of $2,100,000 eight months prior.

Month-over-month, the number of homes sold increased last month to 120. The number of new listings increased to 145, up from 127 in January. Overall, new listings were down 36.1% year-over-year. The SFH inventory on the market has increased slightly to 1.2 months. The median sold price per square foot has risen 8% year-over-year, to $1,156.

In the condo/TIC/loft market, the monthly median sales price decreased to $1,298,000. This is still up 7.7% year-over-year. Condo/TIC/lofts sales were down 9.4% compared to last February. The number of new listings was also down 27.9% year-over-year. Condo/TIC/loft inventory is now at 2.6 months.

For a more detailed San Francisco real estate market report, or to see how it applies to the move you may be considering, reach out to us today!