San Francisco Real Estate
April 2026 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
million+ 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.
This analysis and data were compiled by our friend Patrick Carlisle at Compass.
