Is San Francisco, CA 94131 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

San Francisco is a seller’s market. With about 1 months of supply and 68% 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.

Heat score82/ 100

#17 of 43 ZIP codes in San Francisco & San Mateo, CA, and #53 of 531 across all the markets we track.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works

Months of supply1Under 4 months = seller’s market
Sold above original list67.9%Share of sales, last 3 months
Median sale-to-list115%Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$1,192▲ +19.2% vs. last year

The San Francisco housing market right now

In the three months ending August 31, 2026, 68% of homes in San Francisco, CA 94131 sold above their list price, the typical home went under contract in 22 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 80 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 59%, homes sold about as fast and the median sale price rose 38% to $2,074,103. Overall, San Francisco is more competitive than a year ago, so tougher for buyers.

Within San Francisco County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, San Francisco ranks #33 of 1,069 CA ZIP codes with enough sales (score 95 out of 100).

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.

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 →

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 was 1 months of supply in San Francisco, CA 94131 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 22 days in the latest three months.

Do homes in San Francisco sell over asking?

68% of homes sold above their original list price, and the typical sale closed at 115.0% of the 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 $2,074,103 in the three months ending August 31, 2026, about $1,192 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