San Francisco Real Estate December 2025 Report

Average Sales Price to Original List Price Percentage San Francisco Over/Under Bidding: Market Dynamics & Seasonality

This statistic can be distorted by strategic underpricing strategies by listing agents.

This chart illustrates the average Sales Price to Original List Price Percentage for all residential sales: 8% over list price, the highest overbid % since mid-2022. But overbidding has been more common and dramatic for house sales than for condo sales: For houses alone in November 2025, the average was 16% above list price, and for condos, 1.5% over list price.

April 2022

Spring-Autumn 2021

110%

Nov. 2025

Spring 2025

Spring 2024

105%

Spring-Autumn 2023

Pandemic Year 1

100%

100% = an average sales price at original list price.

Updated through November 2025

95%

Sales reported to NorCal MLS Alliance, per Infosparks. Data derived from sources deemed reliable, but may contain errors and subject to revision. All numbers approximate, and may change with late-reported sales.

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