Strong Buyer's Market
▲ Heating UpSouth of Market, San Francisco Market Update
South of Market offers real opportunities for buyers right now:
- Homes are sitting for 55+ days — buyers have the luxury of patience here
- Selling 2% below asking — sellers are flexible on price
- Monthly payment: $4,726 (20% down) — well below the Bay Area average
- Prices still rising (4.7% YoY) despite fewer bidding wars — limited supply is the driver
- South of Market pricing is 37% below the San Francisco median ($948K vs. $1.50M)
More competitive than last year. Waiting will likely mean paying more.
Median Sale Price
$948K
▲ 4.7% YoY
116 sold this month
Up $43K from last year
Days on Market
55 days
▼ -16d YoY
Buyers have time to decide
Sale-to-List Ratio
98.0%
▲ from 97.1%
Selling 2% below asking
Active Inventory
167
Very low — limited options for buyers
Sold Above List
19%
▲ 8pp YoY
Few bidding wars right now
Price Drops
—
Sellers rarely reduce their price
Off Market in 2 Wks
35%
▲ 12pp YoY
Staying on market longer than usual
Monthly Payment
$4,726
— 6.37% · 30yr fixed
Principal & interest only on a 20% down $948K home. Add ~30–40% for property taxes, insurance, and HOA.
30-yr Fixed6.37%
15-yr Fixed5.74%
A 1% rate drop would save ~$484/mo on the median South of Market home. Your actual rate depends on your credit, down payment, and loan type.South of Market Trends
Median Sale Price
Up 4.7% year-over-year in South of Market.
What You'd Actually Pay Per Month
Monthly cost has eased 4% year-over-year.
Melanie Tan
8 Blocks Real Estate · DRE #02014153
“I know South of Marketwell. Let me help you understand what the numbers mean for your specific situation.”
Let's talk about South of Market
Market data: Redfin Data Center · Rates: FRED / Federal Reserve · Updated weekly · Data through Feb 2026
© 2026Melanie Tan, 8 Blocks Real Estate · DRE #02014153
© 2026Melanie Tan, 8 Blocks Real Estate · DRE #02014153