As promised in last month’s posting, here are the numbers taking into account the full first quarter of 2025:
Looking at San Francisco as a whole:
Q1 2025 Single Family Homes: 456 Sold Listings, 728 New Listings, 248 Active Listings (as of March 31st 2025), Median Sales Price: $1,617,500, Days on Market: 14
Q1 2024 Single Family Homes: 398 Sold Listings, 673 New Listings, 265 Active Listings (as of March 31st 2024), Median Sales Price: $1,650,000, Median Days on Market: 14
Q1 2025 Condos/TICs: 534 Sold Listings, 1,153 New Listings, 667 Active Listings (as of March 31st, 2025, Median Sales Price: $1,062,500, Median Days on Market: 31
Q1 2024 Condos/TICs: 483 Sold Listings, 1,051 New Listings, 687 Active Listings, Median Sales Price: $1,105,000, Median Days on Market: 33
Then, looking at the same numbers for Glen Park (sample size for condos/TIC’s are just 1 or 2 here and there, so not worth looking at for trends).
Q1 2025 Single Family Homes: 13 Sold Listings, 22 New Listings, 8 Active Listings (as of March 31st, 2025), Median Sales Price: $2,525,000, Median Days on Market: 12
Q1 2024 Single Family Homes: 13 Sold Listings, 27 New Listings, 6 Active Listings (as of March 31st, 2024), Median Sales Price: $1,800,000, Median Days on Market: 13
These numbers tell a story – for single family homes – more sales, more listings, and consistent absorption of inventory. It’s a hot market out there. For Glen Park, you’ll notice the median sales price is up quite a bit. Now, we are talking about a sample size of 13 properties, so not as statistically significant, but I can tell you from being out there with my buyers trying to get into the Glen Park market – there’s a lot of excitement and energy!
Speaking of the energy in Glen Park, I just got my clients into contract on 173 Hamerton – ultimately the property received 11 offers (and you’ll see what it sells for soon – maybe even the day this posts). Good example to show that people love Glen Park and are willing to battle it out to get in here. The house is great – such close proximity to the canyon and downtown Glen Park, but still tucked away, and killer views!
So what will the rest of the spring market bring us? As you probably noticed, the stock market is on a bit of a bear tear. That will have some folks a little nervous about what that means for their investments/retirement, and for those heavily in the market who were planning on liquidating market positions to come up with a down payment…well, they may choose to sit it out for a bit as they wait for things to stabilize. When will that be? I certainly don’t know, but the good news for housing is that the mortgage interest rates will probably come down a bit.
If you’ve already got some cash saved up for your down payment it could be a great time to buy and put that money into something tangible. As far as buying investment properties, there are some good deals out there right now on multi-family homes. Find what works for your personal situation as it’s different for everyone depending on savings, exposure, life circumstances, etc.
Catch you next month!
Now, for the Glen Park Transactions/Listings for the month of March
Here’s a look at what sold in the month of March–
Here’s a look at what’s currently in contract–
And lastly, the inventory that is currently available in Glen Park–
For more San Francisco sales data, visit: thegoods-sf.com/AmandaMartin/
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