Homes in the Sunset District of San Francisco have maintained a steady sales pace compared to pre-pandemic levels, unlike most other parts of the city, where sales have slowed significantly.While most of San Francisco’s housing market is crawling compared to pre-pandemic times, one neighborhood remains resilient: the Sunset District.
The owner of LA's largest mansion buys two Miami Beach homes on the same street as David Beckham in a $30M all-cash deal But not in the Sunset, where homes are selling faster and fetching prices higher than the city’s median home value of $1.3 million. According to Zillow, typical home prices in the Sunset range between $1.4 million and $1.5 million, and they remain a draw for buyers seeking a balance between affordability and the neighborhood’s many perks.“That particular area very hot or cold,” Allison Crawford, of Sotheby’s International Realty in San Francisco, told the San Francisco Chronicle.
Data from Redfin shows that homes in the 94123 ZIP code, which includes those neighborhoods, took a median of 55 days to sell between June and August 2024 — more than double the 20-day median in 2019.Michelle Harris, of Compass, says the combination of sky-high prices and rising interest rates has made it difficult for buyers and sellers to close deals in these upscale areas.