April MLS data just posted for San Francisco:

Single-family median home prices were up 21% year-over-year to $2.1M.

What stood out to me most though was the condo market: sales volume jumped 22% and condos sold much faster than they did a year ago. Feels like buyers are getting more comfortable with that segment again after a pretty uneven few years.

Homes overall are also moving quickly right now — average market time for single-family homes was just 17 days in April.

Data source: MLS via Broker Metrics.

Here is the April 2026 real estate data for San Francisco:

Single-family homes

• Median price: $2.1M (+21.4% year-over-year)
• Avg. days on market: 17 (down 7 days)
• Sold: 246 (+7.9%)

Condos

• Median price: $1.4M (+18.1% year-over-year)
• Avg days on market: 32 (down 18 days)
• Sold: 235 (+22.4%)

The condo market continues to look noticeably stronger than it did a year ago. Sales volume was up more than 22% year-over-year and condos sold much faster than they did this time last year, which usually points to buyers feeling more confident again.

Single-family homes are still seeing the strongest price growth overall. A 21.4% year-over-year increase, combined with homes averaging just 17 days on market, suggests competition remains pretty intense for well-located, well-prepared houses — especially with inventory still feeling relatively tight across much of the city.

Data source: MLS via Broker Metrics, April 2026.

As someone who works in S.F. luxury real estate, this article is mostly right — but the frenzy is really concentrated around a very specific type of home: turnkey family homes in top neighborhoods with views, outdoor space, parking and great design.

A lot of these homes are intentionally priced to spark bidding wars. So when something sells for “2x ask,” it doesn’t necessarily mean the market doubled overnight.

That said, the AI wealth effect is absolutely real. A lot of buyers already lived in S.F., sat out the downturn, and are now jumping back in with serious liquidity from secondary sales.

The bigger issue is supply. S.F. barely builds family-sized homes in neighborhoods like Noe Valley, Cow Hollow and Presidio Heights. So when 10 buyers compete for the same great house, prices go crazy fast.