San Francisco Real Estate December 2025 Report

San Francisco Luxury Home Sales Sales Prices of $5,000,000+

Sales in one month mostly reflect accepted offers in the previous month. The market for luxury homes fluctuates by season, with spring and fall typically the most active markets of the year.

June 2021

Fall 2021

25

Oct. 2025

In October 2025, San Francisco had its highest monthly number of $5 million+ home sales in 4 years. Sales dropped back in November 2025 – as is the usual seasonal dynamic – but were the highest month-of-November count since 2021.

Spring 2022

20

May 2025

Spring 2024

Oct. 2024

| Peak of pandemic boom |

15

Oct. 2023

Oct. 2022

Spring 2023

10

5

Updated through November 2025

0

Sales reported to NorCal MLS Alliance, per Infosparks. Not all luxury home sales are reported to MLS. Data from sources deemed reliable, but subject to error and revision. All numbers approximate and may change with late-reported sales.

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