The number of luxury homes sold in San Francisco jumped 22.2% year over year in March, the fifth straight month of double-digit increases and the third-biggest increase among the 50 most populous U.S....
Autore: Business Wire
Redfin reports San Francisco’s luxury housing market is greatly outperforming the U.S. as a whole; nationwide, luxury sales are down 2% and price growth is losing steam.
SEATTLE: The number of luxury homes sold in San Francisco jumped 22.2% year over year in March, the fifth straight month of double-digit increases and the third-biggest increase among the 50 most populous U.S. metros. That compares with a 3.8% uptick for non luxury homes, according to a new report from Redfin, the real estate brokerage powered by Rocket.
Soaring demand for San Francisco’s high-end homes have pushed the median luxury sale price to $6,808,561, the highest level for this time of year on record. That’s up 9% year over year; for comparison, non luxury prices are essentially unchanged (+0.1%).
The typical high-end home in San Francisco went under contract in 12 days, the fastest of all the major U.S. metros and down from 28 days a year earlier. Non luxury homes also sold quickly, going under contract in a median of 15 days, down from 19.
Redfin defines luxury homes as those in the top 5% of their metro area’s price range, while non-luxury homes fall into the 35th–65th percentile.
A separate Redfin report found that sale prices are surging in San Francisco’s overall housing market. The jump in luxury prices is a major driver.
There are a few key reasons for San Francisco’s luxury housing surge:
Local Redfin Premier agent Ali Mafi said that while AI compensation is a huge contributor to San Francisco’s luxury boom, there are also other drivers.
“There was this hysteria a few years ago that people were leaving San Francisco in droves and the housing market was going to crash. That wasn’t true then and it’s the opposite of true now,” Mafi said. “While some people left during the pandemic, many of those people are now coming back after realizing they don’t actually want to live in whatever state they moved to. Plus, there’s a whole new pool of AI employees. They’re bringing so much money into the housing market- especially the luxury market. The recent dip in mortgage rates has attracted even more buyers, and some luxury properties are now getting dozens of offers.”
March 2026 Market Summary: San Francisco Metro Area | ||
Luxury | Non Luxury | |
Median sale price | $6,808,561 | $1,497,373 |
Median sale price, YoY change | 9% | 0.1% |
Pending home sales, YoY change | 22.7% | 18.1% |
Homes sold, YoY change | 22.2% | 3.8% |
New listings, YoY change | 15% | 16.4% |
Active listings, YoY change | -15.2% | 4.1% |
Median days on market | 12 | 15 |
Median days on market, YoY change | -16 | -4 |
Nationwide, Luxury Home Prices Post Slowest Growth in 5 Years
The U.S. luxury housing market is lackluster-especially compared to San Francisco’s luxury market.
U.S. luxury home sales fell 2.4% year over year in March, and non luxury sales fell 0.2%.
The median U.S. luxury sale price was $1,395,456, up 3.6% year over year-the slowest growth in five years. That’s compared with a 1% increase for non luxury homes, which was the slowest growth on record.
The total number of luxury homes for sale (active listings) ticked up 1.5% year over year, half the 3.1% increase for their non luxury counterparts. Luxury new listings fell 1.3%, comparable with the decline for non luxury new listings.
The nation’s luxury market is largely mirroring the overall market, with tepid demand and slow price growth. Many would-be homebuyers, whether they’re high-end buyers or not, are sitting on the sidelines due to 6%-plus mortgage rates and widespread economic uncertainty, including the back-and-forth on the Iran war.
March 2026 Luxury Market Summary: United States | ||
Luxury | Non Luxury | |
Median sale price | $1,395,457 | $376,298 |
Median sale price, YoY change | 3.6% | 1% |
Pending home sales, YoY change | 0.3% | 3.2% |
Homes sold, YoY change | -2.4% | -0.2% |
New listings, YoY change | -1.3% | -1% |
Active listings, YoY change | 1.5% | 3.1% |
Median days on market | 73 | 58 |
Median days on market, YoY change | +6 | +6 |
Other Metro-Level Luxury Highlights: March 2026
Redfin’s metro-level luxury data includes the 50 most populous U.S. metros. All changes below are year over year.
To view the full report, including charts and additional metro-level data, please visit: https://www.redfin.com/news/luxury-home-sales-san-francisco-2026
About Redfin
Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin’s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.
You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.
Fonte: Business Wire