San Francisco Housing Market

San Francisco recorded a median sale price of $1,531,500, which increased 5.3% year over year, reflecting steady appreciation and a price gain of roughly $77,000 from February 2025.

San Francisco’s condos saw the strongest growth, with a 9.7% annual increase. Detached homes saw solid growth of 5.5%, while townhomes saw prices fall by 3.7%. Overall appreciation outpaced the United States, placing San Francisco second for price growth among the top 40 US markets, and the highest in California.

San Francisco saw a 4.7% decline in active listings, contrasting with the United States’ significant increase. Inventory shifts varied by property type: detached homes increased, while attached and condo listings decreased, reinforcing the city’s ongoing supply challenges.

San Francisco recorded strong sales growth, up 10.1% year over year, ranking third among the top 40 US metros. Detached and attached homes drove most of the increase, while condo sales held steady. This reflected renewed buyer confidence and robust demand across most of the market.

San Francisco recorded a 5.3% annual increase in its median sale price, ranking second among the top 40 U.S. markets.

San Francisco recorded a median sale price of $1,531,500, up 5.3% year over year, a gain of roughly $77,000 from February 2025. San Francisco experienced strong appreciation as rising demand continued to outpace available supply, especially in higher‑cost segments.

San Francisco recorded a median sale price of $1,531,500, which increased 5.3% year over year and outpaced the national median. This placed San Francisco among the stronger‑performing markets within the top 40 US metros. Compared with other California markets, San Francisco’s annual price growth was the strongest in the state, with all other major markets seeing price declines.

San Francisco recorded varying price trends by property type. The median price for detached homes was $1,920,000, attached homes were $1,225,000, and condos were $1,075,000. Detached homes increased by 5.5%, and condos posted 9.7% gains, while attached homes fell by 3.7%.

San Francisco recorded 1,964 active listings in February, a 4.7% decrease from one year earlier.

San Francisco recorded 1,964 active listings in February, which decreased 4.7% year over year, a decline of roughly 97 listings from the previous year. This tightening of inventory reflected continued constraints in new supply, especially in attached and condo categories.

San Francisco recorded 1,964 active listings, which decreased 4.7% year over year, contrasting sharply with the United States, where active listings increased 14.2%. This consolidated San Francisco’s position as one of the most inventory‑constrained markets within the top 40 U.S. metros. Compared with other California markets, San Francisco recorded the steepest decline in inventory, while San Jose led with a 5.6% increase in active listings.

San Francisco recorded mixed changes in inventory by property type. Detached listings increased 6.2%, while attached listings decreased 6%, and condo listings declined sharply by 15.8%. This divergence highlighted a shift toward more availability in single‑family homes while multi‑unit options continued to contract.

San Francisco recorded 620 home sales, a 10.1% increase from last year.

San Francisco recorded 620 home sales, up 10.1% year over year, a gain of roughly 57 sales from February 2025. The market recorded healthy buyer activity despite limited supply, particularly in higher‑value segments.

San Francisco recorded 620 home sales, which increased 10.1% year over year, ranking the market third among the top 40 U.S. metros for annual growth. Relative to other California markets, San Francisco outperformed many peers: only San Jose registered a positive increase over the past year.

San Francisco recorded strong gains across detached and attached homes. Detached sales increased 14.9%, attached sales increased 21.4%, while condo sales remained flat year over year. These figures indicated robust demand for single‑family and townhouse‑style living, while condo demand stabilized after several years of volatility.

For questions and commentary about this report:

Nigel Hughes, Senior Director of Market Analytics at CoStar and Homes.com, based in San Francisco, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Nigel Hughes

Senior Director, Market Analytics

Homes.com

nhughes@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in San Francisco during February 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

 About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.