Is San Francisco & San Mateo, CA a buyer’s or seller’s market?

4 weeks ending September 20, 2026 · updated weekly · Source: Redfin · Methodology

In the 4 weeks ending September 20, 2026, 64% of homes sold here closed above their original list price, with 1.9 months of supply and a median of 14 days on market.

Sold above original list64%▲ up 19 pts vs. a year ago
Average sale-to-list110.6%▲ up 6.9 pts vs. a year ago
Months of supply1.9▼ down 0.5 vs. a year ago
Median days on market14▼ down 8 days vs. a year ago
Median sale price$1,661,742
Pending sales850Homes that went under contract

Share of homes sold above original list

Share of homes sold above original list price, San Francisco & San Mateo, CA (rolling 4 weeks)Latest: 64% 36%47%58%69%Sep 24Mar 25Sep 25Mar 26Sep 26

Months of supply

Months of supply, San Francisco & San Mateo, CA (rolling 4 weeks)Latest: 1.9 months 1.01.92.73.6Sep 24Mar 25Sep 25Mar 26Sep 26

Seller signals

Listings with a price cut8.75%▼ down 1.9 pts vs. a year ago · August 2026 · All areas
Pending sales canceled3.34%▼ down 1 pts vs. a year ago · August 2026 · All areas
Buyers vs. sellersMore buyers12% more buyers than sellers · August 2026 · All areas
Listings pulled without selling6.46%▼ down 1.9 pts vs. a year ago · August 2026

Home prices (Redfin Home Price Index): ▲ up 10.4% from a year earlier

Redfin Home Price Index, San Francisco & San Mateo, CA (repeat sales)Latest 138; up 10.4% from a year earlier 96114131149Sep 20Mar 22Sep 23Mar 25Aug 26

Tracks price changes from repeat sales of the same homes, through August 2026.

Most competitive ZIP codes in San Francisco & San Mateo, CA

Heat scores for the 3 months ending August 31, 2026. Top 10 across all areas →

All ZIP codes in this area

Lighter entries had too few sales last period to rank.

Market data describes housing activity only. Figures may be revised by the source. Methodology