San Francisco’s single-family housing market continued its recovery in June, with rising prices, limited inventory and steady buyer demand pushing the market further beyond its post-pandemic correction.
The median single-family home price reached $2,128,000 in June 2026, up 24.8% from $1,705,500 in June 2025. Prices were also 15% higher than the June 2022 median of $1,850,000.
June’s median price was 3.3% below May’s $2.2 million figure, which is consistent with the seasonal cooling that often begins as the spring market transitions into summer.
Sales Activity Remains Strong
A total of 232 single-family homes sold in June, representing a 4% increase from the 223 sales recorded one year earlier.
Although sales remain below the 250 transactions recorded in June 2022, activity has improved from the lower levels seen in 2023 and 2024. Buyers continue to move forward despite elevated home prices, particularly when desirable properties become available.
Limited Inventory Is Supporting Prices
The shortage of available homes remains one of the strongest forces shaping the San Francisco real estate market.
At the end of June, there were just 590 active listings, including single-family homes and condominiums, while 546 properties were under contract. This means there were nearly as many homes pending sale as there were actively available.
The market had just over one month of inventory, marking the tightest summer supply and strongest absorption level observed since 2020.
The combination of limited inventory and additional demand connected to San Francisco’s growing AI economy has intensified competition, especially for larger and higher-end homes.
Homes Are Selling Faster
Single-family homes spent an average of 21 days on the market in June, compared with 27 days in June 2025.
Condominiums averaged 37 days on the market, improving from 41 days in May and dropping significantly from 60 days one year earlier.
While condos generally take longer to sell than single-family homes, the year-over-year improvement suggests that demand has strengthened across more areas of the market.
Price Per Square Foot Jumps
The median price per square foot reached $1,230 in June, up 22.3% from $1,006 in June 2025.
That figure has increased approximately 28% since January, when the median price per square foot was $961.
The median size of homes selling has also increased, indicating that larger and more expensive homes are accounting for a greater share of current transactions. Demand for these properties continues to exceed available supply, contributing to what could be described as a shortage of larger, high-end homes.
What This Means for Buyers and Sellers
For sellers, limited inventory and strong demand may create a favorable opportunity, particularly for well-positioned single-family homes. However, preparation, pricing and presentation remain essential.
For buyers, competition is likely to remain strongest for larger homes in desirable neighborhoods. Being financially prepared and ready to act quickly can make a meaningful difference when the right property becomes available.
San Francisco is not a single market, and results can vary significantly by neighborhood, property type, condition and price range. A property-specific analysis remains the best way to understand what these trends mean for your home or your next purchase.
For a closer look at current conditions in your neighborhood, contact Rick Kaluza for a personalized San Francisco real estate market assessment.
