San Francisco Real Estate Market Update – Q2 2025
By Richard Valdez - www.richardvaldezre.com
The San Francisco housing market remained hot in Q2 2025, with strong buyer activity, rising prices, and tight inventory continuing to shape the landscape for both single-family homes and condominiums.
Single-Family Homes: Competitive & Fast-Moving
Median sales price rose 3.5% year-over-year to $1,760,000
Homes sold quickly with a median of just 13 days on the market
Price per square foot edged up slightly to $1,038
687 homes went into contract, up 5.7%, and 672 sales closed (+3.4%)
Nearly 80% of homes sold over asking, with sellers receiving an average of 113% of list price
Condos: Strong Price Growth, Stable Sales
Median condo price jumped 10.5% to $1,216,000
Days on market dropped to 27 days, 3 days faster than last year
704 condos went into contract (+6.5%), while 694 sales closed (flat)
40.3% of condos sold above list price, with sellers receiving 102% of asking on average
Key Market Trends to Watch
Mortgage rates dropped slightly—Freddie Mac reports the average 30-year fixed rate at 6.67%
Active inventory saw a modest 3.2% increase, but supply remains limited
Months of inventory:
Single-family homes: just 1.0 month
Condos: 2.8 months
Competition remains strong, especially for single-family homes heading into the summer
Thinking About Buying or Selling in San Francisco?
Let’s talk. Whether you're eyeing a single-family home in Noe Valley or a condo in SoMa, I can help you navigate this competitive market with confidence.
