San Francisco Real Estate Market Update – May 2025

by Clay Gjevre

San Francisco Real Estate

The San Francisco real estate market is shifting—and whether you’re a buyer or seller, understanding the data right now is the key to staying ahead. Here’s what you need to know about rising condo prices, tight inventory, and competitive bidding heading into the summer.

📈 Condo Prices Are Climbing Again

After five months of decline, condo prices in San Francisco just reversed course—jumping 9.13% year over year. This could be the start of a new upward trend. Meanwhile, single-family home prices are up just 2.1%. For buyers sitting on the sidelines, the condo market may not stay discounted for long. If you’ve been waiting to buy in one of the best neighborhoods in San Francisco, now might be the time to move.

🏘️ Inventory Is Still Tight

Inventory remains limited across the board. In April 2025:

• Single-family home inventory dropped 6.29%

• Condo inventory fell 7.52%

• Condo sales saw a massive 21.17% drop year over year

  
  

This means fewer new listings and a cautious pool of buyers. For sellers, this is a chance to make your home stand out—especially with the help of a top San Francisco real estate agent or broker who knows how to position your property effectively. For buyers, it’s a reminder to move quickly on well-priced homes in the best neighborhoods San Francisco has to offer.

💰 Homes Are Still Selling Over Asking

Single-family homes are seeing intense competition, with final sale prices averaging 14.2% over asking. Condos, on the other hand, are hovering just 0.4% over asking—giving buyers more negotiating power. For house hunters, strong offers are still essential. For condo buyers, this is the moment to explore the best neighborhoods in San Francisco for flexibility and value.

📊 Are We in a Buyer’s or Seller’s Market?

The market split is clear:

• Single-family homes → 1.7 months of inventory → strong seller’s market

• Condos → 3.9 months of inventory → buyer’s market

This is where working with a top agent in San Francisco makes a difference. Whether you’re buying or selling, understanding market dynamics ensures you’re not leaving money on the table—or missing out on hidden opportunities.

🌟 Why Timing Matters

The best San Francisco real estate brokers and top-producing agents know that local timing matters more than national headlines. Prices, competition, and inventory shift fast here. If you want expert advice on when and how to move, make sure you’re working with a real estate professional who understands not just the numbers, but the nuance of San Francisco’s unique neighborhoods.

If you’re curious about your next move—or want to explore the best neighborhoods in San Francisco to buy or sell—don’t wait. The right timing can make all the difference.