According to Compass, the San Francisco housing market is growing increasingly heated as soaring buyer demand fiercely competes against an inadequate supply of listings. Luxury properties are demonstrating extraordinary momentum, with $5M+ house sales in March 2026 rising 83% year-over-year and $3M+ condo sales surging a remarkable 380% to exceed previous all-time highs. With the number of homes listed for sale falling 28% year-over-year, aggressive competitive bidding has returned in full force; 85% of houses sold over the list price at an average premium of 23%, tying the highest overbid percentage ever recorded. Single-family homes remain exceptionally competitive, hitting a new peak median price of $2,150,000, while the condo market is also rebounding rapidly to reach its second-highest monthly price on record. Overall, homes are selling at the fastest rate since spring 2022, creating a high-pressure environment where buyers are shrugging off broader uncertainties to secure scarce properties.
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National and regional statistics are generalities, essentially summaries generated by thousands of unique, individual listings and sales occurring across different market segments. They are best seen not as precise measurements, but as broad, comparative indicators with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, and last period data should be considered preliminary estimates which may be revised in future updates. Different analytics programs sometimes define standard statistics – such as “active listings,” “days on market,” and “months supply of inventory” – differently: What is most meaningful are not specific numeric calculations but the trends they illustrate. Data from sources deemed reliable, but may contain errors, and subject to revision. All numbers to be considered approximate, and how these analyses apply to any particular property is unknown without a specific comparative market analysis.
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 01527235, 01527365. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
