San Francisco, California started 2024 with a total of 122 single-family homes on the market, with a median home price of $1,398,500 and an average price per square foot of $1053.65. By the end of the year, inventory had increased to 159 homes on the market (+30%), with a median home price of $1,425,000 (+2%), and an average price per square foot of $958 (-9%).
At the start of 2024, the median days on market (DOM) was 91 days – by the end of the year, median DOM had decreased to 63 days.
San Francisco, California started the year with 27.87% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 23.90% of homes for sale had taken a price cut.
