10/07/2026
San Francisco Market Update | Q3 2026
San Francisco’s housing market entered the fall with exceptional momentum, as Q3 2026 delivered sharply higher prices, tighter inventory, faster sales, and stronger competition across both single-family homes and condominiums. The quarter was notable for the breadth of the gains. Median sales prices for both property types reached their highest Q3 levels on record, while available inventory contracted substantially. Single-family homes remained the standout segment. The median sales price surged 23.1% year over year to $2,000,000, and competition remained intense: 87.8% of homes sold above asking, and sellers received an average of 127.2% of list price. The condominium market added another layer of strength to the quarter. The median sales price jumped 16.4% to $1,269,000, and median days on market fell from 37 days to just 15 days, the fastest Q3 condo market time on record. The broader backdrop remains supportive. San Francisco-area employment has continued to expand, technology and AI investment remain concentrated in the Bay Area, and strong equity markets continue to provide a constructive wealth effect for local buyers. These gains are particularly notable because borrowing costs remain elevated, meaning the market’s acceleration has occurred without the benefit of significantly cheaper financing.
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