San Francisco Condominium Market Sees Rapid Price Gains
Condo sales are moving faster and prices are rising, with the average unit now spending 38 days on the market.
Updated on Oct. 31, 2026 in Residential
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San Francisco condominium sales volume rose 14 percent during the first nine months of 2026, as high-end property transactions fueled a surge in market activity. The city saw average time on market drop to 38 days, down from 53 days in 2025.
Why it matters
The shift in condo activity reflects a cooling period for time-on-market metrics, suggesting faster turnover for sellers. This uptick in transactions comes alongside a 16 percent increase in average sales prices across the city.
Condominiums priced at $3 million and above saw sales volume climb 67 percent year-over-year. Meanwhile, the average sales price reached $1.5 million, with properties like 2500 Steiner Street selling for $17.2 million.
The players
Scott Wiener
A state official whose congressional campaign received donations from several prominent real estate executives.
Krysen Heathwood
An analyst who helped compile the current report on San Francisco residential condominium market data.
Anthony Kwok
An analyst who collaborated on the recent study of citywide condominium sales trends and pricing.
The details
Market analysts Krysen Heathwood and Anthony Kwok compiled data showing that while inventory supply began to rise in September 2026, the velocity of sales increased significantly compared to 2025. High-value transactions, such as the $10 million sale at 176 Palo Alto Avenue, which included a $2.1 million overbid, contributed to the overall price growth. The reduction in market time suggests that buyers are acting more quickly on available units compared to the previous year.
Timeline
2018 marked the earliest year included in the recent condominium market analysis.
2025 serves as the benchmark year for comparing sales volume and market time.
September 2026 saw active listing supply increase for the first time since April.
The Home Front
The current market data reflects a recovery in volume for luxury condominiums that contrasts with the stagnation seen in previous years. This activity tracks with broader trends in high-end urban real estate where speed of sale and overbidding have become key indicators of current demand.
Owners should monitor the time-on-market averages in their specific neighborhoods to gauge local buyer appetite. If you are considering a sale, keep in mind that the current 38-day average represents a significant shift from the slower 53-day timeline seen last year.
The takeaway
The San Francisco condo market is moving faster and at higher price points than it was during 2025. Homeowners looking to understand their property value should track their local neighborhood's recent sale prices against the $1.5 million citywide average.
Further reading
For a broader look at current housing trends, visit our section on Residential.
Source note: This article includes information reported by The Real Deal New York.
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