April 2026 San Francisco Real Estate Report

Shrugging Off War, the SF Market Only Gets More Heated
 

The median HOUSE sales price in March 2026 hit $2,150,000, up 18% year-over-year, exceeding the previous peak of $2,050,000 in April 2022. The median CONDO sales price was $1,357,500, up 27% year-over-year, marking the second-highest monthly price ever after the $1,375,000 peak in April 2022.

22 luxury HOUSE sales of $5 million+ were reported in March 2026, up 83% year-over- year, surpassing the previous peak of 21 sales in June 2021. 24 luxury CONDO sales of $3 milliont were reported in March, up 380% year-over-year, exceeding the previous high of 17 sales in August 2021.

The number of homes listed for sale fell 28% year over year. The inadequate supply of listings - especially of houses - compared to soaring demand continues to pressurize the market as buyers compete furiously for scarce listings.

85% of house sales sold over list price with an average sale price 23% over list price, tied with April 2022 for highest overbid percentage ever. 62% of condo sales sold over list price with an average sale price 7% over list price, the highest overbid % since 2019.

The average days on market to acceptance of offer was 29 days in March 2026, the fastest rate of sale since spring 2022. Price reductions fell 39% from March 2025.