San Francisco’s single-family home market didn’t change much year over year, with prices and volume very similar to last summer. But signs point to a very healthy house market as we head into the fall.
A total of 569 houses sold in summer 2025, slightly down from 577 in summer 2024. The average sale price barely moved, coming in at $2,064,000 this year compared to $2,074,000 last year.
But we remain entrenched in our list-low, sell-for-way-more seller strategy. I mean, I started selling real estate in fall 2002 and things haven’t changed since then. Most homes sold for over their asking price over the summer, and a whopping 30% of all homes sold closed at 20% or more above list. Even low-key Midtown Terrace got into the act, with the renovated four-bedroom mid-century home at 115 Gladeview asking for $1,499,950 and selling for $2,331,500. Buyers clearly continue to place a high value on turnkey homes.
The luxury market saw 46 homes sell for $4M or more, including several notable properties in Noe/Eureka Valleys and Pacific Heights. At the top of the list was 340 Lombard in Telegraph Hill, a striking modernist home centered around a 50-foot concrete cylinder with glass bridge walkways and a rooftop glass-ceiling terrace. It sold for $13M —less than its original $15.5M asking price and below its 2022 sale price of $14M (photo above courtesy Compass).
Noe Valley also saw a record-breaking sale. 752 Elizabeth closed in early September for $9.6M—well above its list price of $8,995,000 and more than a year after it was initially listed. This was also a big leap from its $7.6M sale in 2021. (And going back farther in time, I recall when this property sold for $2,150,000 back in 2015 as a much simpler Marina-style home. My buyers didn’t prevail at the time in a multiple-offer situation, and the site quickly transformed into a construction zone.) All I can say about this is that the comps are soaring to unprecedented levels for luxury home buyers and sellers in Noe—and this extends to two-bedroom mid-range condos, as well.
Heading into the fall, we’re seeing 235 single-family homes on the market with an average list price of $2.8M. Meanwhile, 138 homes are in contract, averaging a significantly lower list price of $1,749,000. It’s a market of contrasts, and as always, strategy and timing are everything.