Is San Francisco, CA 94116 a buyer’s or seller’s market?
San Francisco is a seller’s market. With about 0.6 months of supply and 88% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Not ranked this month. Implausible sale to list (134.13), so the numbers can swing too much to compare fairly. How the heat score works
The San Francisco housing market right now
In the three months ending August 31, 2026, 88% of homes in San Francisco, CA 94116 sold above their list price, the typical home went under contract in 14 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 68 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 73%, homes sold faster (17 days then) and the median sale price rose 17% to $1,981,643. Overall, San Francisco is more competitive than a year ago, so tougher for buyers.
Within San Francisco County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 92%.
Nearby, buyers who want less competition could look at San Francisco 94130 (0% sold over asking) or San Francisco 94104 (0% sold over asking), while San Francisco 94122 (92% sold over asking) and San Francisco 94134 (91% sold over asking) are even more competitive.
Run the numbers for 94116
Nearby markets
San Francisco 94102Seller’s market $963 /sq ftSan Francisco 94103Seller’s market $857 /sq ftSan Francisco 94104Buyer’s market $1,114 /sq ftSan Francisco 94105Seller’s market $1,200 /sq ft Browse all markets →Towns like San Francisco nearby
Find towns like San Francisco in other states →Where San Francisco is
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Questions about San Francisco real estate
Is San Francisco a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in San Francisco, CA 94116 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in San Francisco?
The typical home went under contract in 14 days in the latest three months.
Do homes in San Francisco sell over asking?
88% of homes sold above their original list price.
What are property taxes in San Francisco?
About 1.18% of a home’s value a year in San Francisco County, or roughly $4,731 on a $400,000 home.
What is the median home price in San Francisco?
The median sale price was $1,981,643 in the three months ending August 31, 2026, about $1,203 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology