Feature image for SF: June 2024 Market Stats

June 20, 2024

SF: June 2024 Market Stats

By Compass


Report Highlights


  • The 3-month-rolling median house sales price in May, at $1,735,000, hit its highest value since mid-2022. The median condo sales price, $1,135,500, declined about 1% year over year.
  • Year over year, 2024 YTD home sales volume was up about 12% from 2023, while luxury home sales of $5 million+ soared 62%.
  • 82% of house sales and 44% of condo sales sold for over asking price in May.
  • House sales averaged a sales price almost 13% over the asking price, while condos averaged a sale price about a half percent higher than the asking price. Both were the highest percentages since mid-2022.
  • Average days on the market were the lowest in 12 months.


30-year-loan interest rates hovered around 7% in May and early June, which many buyers and sellers have clearly come to accept as the new normal. (And an estimated 30% to 40% of national homebuyers have been paying all cash.) Stock markets once again hit new all-time highs, with a substantial effect on household wealth. It is not unusual for home listing and sales activity to slow in summer.

San Francisco HOUSE Price Trends since 1990 Monthly Median House Sales Prices, 3-Month RollingSan Francisco CONDO Price Trends since 2005 Median Condo Sales Price, 3-Month RollingYear-to-Date Median Home Sales Prices San Francisco, Year-over-Year Comparisons*San Francisco CONDO Prices: Downtown vs. Non-Downtown 6-Month-Rolling, Median Condo Sales Prices since 2005*San Francisco Value Trends since 2005 3-Month Rolling, Median Dollar per Square Foot Values*New Listings Coming on Market San Francisco Market Dynamics & SeasonalitySan Francisco Homes Market Active & Coming-Soon Listings on 1st of Month*San Francisco: Homes for Sale Active & Coming-Soon Listings by Price Segment*San Francisco Home Sales Trends, 2021-2024 Year-over-Year, Year-to-Date Sales by Price Segment*Listings Accepting Offers (Going into Contract) San Francisco Market Dynamics & SeasonalityPercentage of Listings Accepting Offers San Francisco: Absorption Rate by MonthMonthly Home Sales Volume San Francisco Market Dynamics & SeasonalitySan Francisco Luxury Home Sales* Homes Selling for $5 Million+San Francisco Higher Price & Luxury HOUSE Market House Sales of $4,000,000, by District, 12 Months Sales*San Francisco Luxury CONDO, CO-OP, TIC & TOWNHOUSE Market Sales Prices of $2.5 Million+, by District, 12 Months Sales*Average Days on Market - Speed of Sale San Francisco Market Dynamics & SeasonalityOverbidding List Prices in San Francisco Percentage of Home Sales Closing over List PriceAverage Sales Price to Original List Price Percentage San Francisco Over/Under Bidding: Market Dynamics & SeasonalityPrice Reductions on Active Listings.San Francisco Market Dynamics & Seasonality

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