San Francisco County – Q3 2025 Market Overview

Listing activity in San Francisco pulled back from midsummer highs, dipping to 850 in August before rebounding in September to just under 1,000 listings—surpassing early 2025 levels, though still trailing typical seasonal peaks. Sold listings slipped modestly, underscoring softer buyer activity as affordability challenges weigh on demand. Median sales prices eased back toward the mid-$1.3Ms, while price per square foot dipped slightly, holding near the $1,000 mark. Average days on market improved this quarter, falling from the mid-50s into the low-40s, suggesting more decisive buyers even as overall sales volume remains muted.