South of Market

South of Market aka "SoMa" has top rated museums, shopping, dining, nightlife, public transport and walkability. SoMa is near downtown, meaning a commute-free lifestyle for some, while those headed to Silicon Valley have CalTrain nearby. Property ranges from student accommodation to plush Millennium Tower penthouses, with more luxury housing being added. Home to startups, creative and multimedia companies, SoMa boasts a definite arty vibe, a 180-degree change from 15 years ago when it was called “South of the Slot” for being on the wrong side of the cable car tracks.   

soma 10-year market report




South of Market Listings

All Listings $500,000 - $600,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000
60 Properties Found. Showing Page 1 of 6
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South of Market Real Estate (Home and Condo) Market Update - October 2016      
Single Family   October     YTD  
Key Metrics 2015 2016 Percent Change Thru 10-2015 Thru 10-2016 Percent Change
New Listings 0 0 -- 4 5 + 25.0%
Pending Sales 1 1 0.0% 4 3 -25.0%
Sold Listings 0 1 -- 3 3 0.0%
Median Sales Price* $0 $1,585,000 -- $1,630,000 $1,825,000 + 12.0%
Average Sales Price* $0 $1,585,000 -- $1,570,000 $1,753,333 + 11.7%
Days on Market 0 57 -- 56 61 + 8.9%
Active Listings 0 1 -- -- -- --
% of Properties Sold Over List Price 0.0% 0.0% -- 66.7% 33.3% -50.1%
Percent of List Price Received* 0.0% 99.4% -- 118.0% 100.0% -14.9%
Months Supply 0.0 1.0 -- -- -- --
             
Condo/TIC/Coop   October     YTD  
Key Metrics 2015 2016 Percent Change Thru 10-2015 Thru 10-2016 Percent Change
New Listings 24 17 -29.2% 207 202 -2.4%
Pending Sales 15 8 -46.7% 143 134 -6.3%
Sold Listings 11 9 -18.2% 139 131 -5.8%
Median Sales Price* $978,000 $950,000 -2.9% $925,000 $890,000 -3.8%
Average Sales Price* $1,015,936 $2,173,111 + 113.9% $1,026,530 $1,029,963 + 0.3%
Days on Market 24 64 + 166.7% 37 46 + 24.3%
Active Listings 53 51 -3.8% -- -- --
% of Properties Sold Over List Price 63.6% 33.3% -47.6% 72.7% 47.3% -34.9%
Percent of List Price Received* 106.0% 101.0% -4.6% 108.0% 103.0% -4.6%
Months Supply 3.9 3.7 -5.1% -- -- --
*All data from the San Francisco MLS.            
South of Market Real Estate (Home and Condo) Market Update - September 2016      
Single Family   September     YTD  
Key Metrics 2015 2016 Percent Change Thru 9-2015 Thru 9-2016 Percent Change
New Listings 0 1 -- 4 5 + 25.0%
Pending Sales 0 0 -- 3 2 -33.3%
Sold Listings 0 1 -- 3 2 -33.3%
Median Sales Price* $0 $1,850,000 -- $1,630,000 $1,837,500 + 12.7%
Average Sales Price* $0 $1,850,000 -- $1,570,000 $1,837,500 + 17.0%
Days on Market 0 68 -- 56 64 + 14.3%
Active Listings 1 1 0.0% -- -- --
% of Properties Sold Over List Price 0.0% 0.0% -- 66.7% 50.0% -25.0%
Percent of List Price Received* 0.0% 97.6% -- 118.0% 101.0% -14.4%
Months Supply 1.0 1.0 0.0% -- -- --
             
Condo/TIC/Coop   September     YTD  
Key Metrics 2015 2016 Percent Change Thru 9-2015 Thru 9-2016 Percent Change
New Listings 26 22 -15.4% 183 181 -1.1%
Pending Sales 9 13 + 44.4% 128 126 -1.6%
Sold Listings 11 15 + 36.4% 128 122 -4.7%
Median Sales Price* $912,000 $790,000 -13.4% $925,000 $889,000 -3.9%
Average Sales Price* $934,182 $799,133 -14.5% $1,027,440 $945,633 -8.0%
Days on Market 37 50 + 35.1% 38 45 + 18.4%
Active Listings 50 41 -18.0% -- -- --
% of Properties Sold Over List Price 54.5% 40.0% -26.6% 73.4% 48.4% -34.1%
Percent of List Price Received* 103.1% 102.0% -1.1% 107.8% 102.8% -4.6%
Months Supply 3.6 2.8 -22.2% -- -- --
*All data from the San Francisco MLS.            

© Copyright 2017 of the SFAR MLS.

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. Information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.