Top Large Teams in San Francisco, California – Ranked by Volume

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2022 Market Summary

San Francisco, California started 2022 with a total of 101 single-family homes on the market, with a median home price of $1,695,000 and an average price per square foot of $1,287. By the end of the year, inventory had increased to 245 homes on the market (+142%), with a median home price of $1,500,000 (-11%) and an average price per square foot of $1,135 (-11%).

At the start of 2022, the median days on market (DOM) was 84 days – by the end of the year, median DOM had decreased to 77 days.

San Francisco started the year with 22% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 30% of San Francisco homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that San Francisco started 2022 as a strong seller’s market, with an MAI score of 100; by the end of the year, the MAI had dropped to 64 – a strong seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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