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Bay Area Housing Market Report: April 2023

Complex houses with basement garages and stairs at the front in San Francisco, California. There is a house on the left with holloween ornaments and parked car at the front.


In April, the median selling price in San Francisco decreased by 6% month-over-month (MoM), and by 20% year-over-year (YoY)—signaling a cooling trend in the Bay Area real estate market. Additionally, metrics such as average days on the market and incoming inventory remained mostly level MoM. Keep reading to learn more about key metrics in San Francisco and other metropolitan areas in the Bay Area.

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Inventory







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Competition


Competition report

Our research team analyzed the competition in select local areas.

San Francisco includes data for the city of San Francisco.

East Bay I includes data for Oakland and Berkeley.

East Bay II includes data for Fremont, Newark, and Union City.

Tri-Valley includes data for Dublin, Pleasanton, and San Ramon.

South Bay includes data for San Jose, Santa Clara, and Sunnyvale.

Peninsula includes data for San Mateo, Foster City, Belmont, and San Carlos.


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