San Francisco Real Estate Market Update – July 2025 Housing Trends
The San Francisco real estate market cooled slightly in July 2025 after a busy spring, following the city’s typical summer pattern. While activity eased, single-family homes remain in high demand, condos are showing signs of stabilization, and lower mortgage rates could make this fall especially competitive. Here’s a look at the latest San Francisco housing market trends, why they matter, and what to expect next.
Single-Family Homes: San Francisco Home Prices Stay Strong
Median sales price: $1,633,000 (up 2.1% year-over-year)
Median days on market: 14 (only one day longer than last year)
Share of homes selling over list price: 70%
Average sold-to-list ratio: 112.2%
Months Supply of Inventory (MSI): 1.0 (a strong seller’s market)
Why it matters: Despite the seasonal slowdown, demand for single-family homes in San Francisco remains intense. Limited inventory means buyers are competing, driving prices higher and giving sellers strong leverage.
San Francisco Condos: Softer Demand, Signs of Stabilization
Median sales price: $1,100,000 (down 11.9% year-over-year)
Median days on market: 41 (up 4 days from last year)
Price per square foot: $974 (down 1.9%)
Share of condos selling over list price: 30%
Average sold-to-list ratio: 100%
MSI: 2.6 (a more balanced market)
Why it matters: The condo market in San Francisco is experiencing a more noticeable summer slowdown, with softer buyer activity and longer selling times. But inventory is tightening, and sellers are holding firm on pricing, suggesting conditions are stabilizing. For buyers, condos may offer less competition than single-family homes.
Mortgage Rates in San Francisco: Boosting Buyer Power
30-year fixed mortgage rate: 6.63% (lowest since April)
Why it matters: Falling mortgage rates increase affordability by boosting buyer purchasing power. If rates continue to ease, more buyers could re-enter the San Francisco housing market, adding to competition this fall.
What’s Next for the San Francisco Real Estate Market
Seasonal slowdowns in July are normal for San Francisco. Historically, activity surges after Labor Day as new listings hit the market and buyers return with renewed urgency.
For buyers: Summer may be your best chance to secure a home before competition heats up.
For sellers: Fall could bring stronger demand and quicker sales, especially for well-priced single-family homes.
Bottom line: The San Francisco real estate market remains resilient. Single-family homes continue to see strong demand, condos are balancing out, and lower mortgage rates are setting the stage for a competitive fall housing market.
