Sales in San Francisco’s luxury home market recorded a 22% year-over-year spike in March, marking the fifth straight month of double-digit increases and the third-biggest increase among the nation’s 50 most populous metros.
According to data from Redfin, the surge in luxury home sales for that market far outpaced the 3.8% uptick for non-luxury homes.
The median luxury sale price in San Francisco in March was $6.8 million, up 9% from one year earlier and the highest level for this time of year on record. Non-luxury prices had a scant 0.1% year-over-year uptick.
The typical high-end home in San Francisco went under contract in 12 days, the fastest of all the major metros and down from 28 days a year earlier. Non-luxury homes went under contract in a median of 15 days, down from 19 in March 2025.
Redfin attributed the new activity in this market to San Francisco’s booming artificial intelligence industry, a significant supply shortage – the total number of luxury homes for sale in San Francisco fell 15.2% year-over-year in March – and increased buyer competition for these properties.
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