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March 14, 2022

Median House and Condo Prices Up in February 2022

Forest Hill Street Scene

February numbers are in, and the big news is that the median San Francisco single-family home price last month was $1,930,000—a 16.97% boost compared to February 2021’s $1,650,000 median price.

There were 206 new listings in February, with 217 going pending. And we had only a 1.4 months’ supply of inventory, meaning buyers are snapping up houses rapidly.

Condos continue to perform at a more lackluster pace. However, the condo median price did jump this February to $1,240,000, a 3.9% increase over last February’s $1,192,500 median. Market activity is slower on the condo side.

We saw 308 new listings hit the market in February and 253 units go pending. However, there’s a 2.8 months’ supply of inventory that may start to pick up as more buyers get into the mix this Spring.

[Data courtesy Corcoran Global Living and the SF MLS]

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