San Francisco Market Update: Spotlight on Inner Richmond – June 2025

As one of San Francisco’s most beloved residential neighborhoods, Inner Richmond continues to show signs of both resilience and opportunity. Whether you’re buying, selling, or just curious, here’s what’s happening in the local market—at a glance.

🔍 Market at a Glance

Inner Richmond experienced steady activity in both the single-family and condo/TIC markets. While sample sizes remain small, typical for this neighborhood the numbers provide important insights:

🏠 Single-Family Homes

New Listings: Down 25% Year over Year (3 listings in May 2025)
Pending Sales: 1 home went into contract (up from 0 last year)
Median Sales Price: $1,880,000 in May 2025
Year-to-Date Median: $2,395,000 (down 8.3% Year over Year)
Days on Market: Up significantly to 44 days (from 0 last year)
Percent Over List Price (YTD): 83.3% of homes sold over asking
Months of Inventory: 1.8 – a tight supply indicating strong demand
📉 Prices have slightly corrected from the 2024 peak, giving buyers more negotiating room while sellers still benefit from high demand.

🏢 Condos & TICs
New Listings: Up 300% Year over Year in May; up 467% year-to-date
Sold Listings: 2 closed in May; 8 so far in 2025 (up 166.7% Year over Year)
Median Sales Price: $1,790,000 in May 2025
Year-to-Date Median: $1,425,000 (up 18.8% Year over Year)
Days on Market (YTD): Down to just 29 days
Over List Price Sales: 62.5% sold over asking
Months of Inventory: 2.3 – higher than single-family, but still low

📈 With more inventory and quicker turnaround, the condo/TIC market is seeing renewed energy and increasing buyer activity.

🤝 What This Means for Buyers and Sellers
For Buyers:
Inventory is rising in the condo/TIC market, offering more choices. Single-family home prices have softened slightly, creating negotiating opportunities. Be prepared to move fast—most properties that sell do so quickly and above list.

For Sellers:

Despite longer days on market for single-family homes, pricing correctly still results in strong offers. Condo sellers benefit from increased demand and competitive pricing. With more listings entering the market, strategic presentation and timing are key.

💬 Why Residents Love Inner Richmond

Inner Richmond blends the best of urban convenience and community charm. With easy access to Golden Gate Park, the Presidio, local cafes, and diverse dining—from dim sum to French patisseries—it’s no wonder families and professionals alike call this neighborhood home. Quiet residential streets meet cultural vibrancy, making it one of San Francisco’s best-kept secrets.

🔮 Looking Ahead

With inventory gradually increasing and buyers staying active, we expect Inner Richmond’s market to remain competitive into summer. Condo activity is heating up, and savvy sellers are preparing now to take advantage of the seasonal momentum.

📥  Get the free Inner Richmond Market Report?

📩 email us at info@sterlinghomesre.com now and we’ll send the full June 2025 Market Report straight to your inbox.
✅ No spam. Just real insight from trusted local experts.
✅ Detailed stats on Single-Family Homes & Condos/TICs
✅ Price trends, days on market, and what buyers are paying

Ready to Call  Inner Richmond Home?Let’s talk about strategy and plans. As local market experts, Dennis and I are happy and ready to help with your move and maximize your results.

📩 Contact us today to get started.

About the Sterling Homes team

The Sterling Homes team acts as trusted advisors while providing proven real estate strategies in the areas of estate sales, residential developments, and representing clients. Action-oriented, decisive, and professional, leveraging their strong negotiating and marketing skills to help sellers and buyers get the best possible price.Sterling Homes has the industry know-how and deep experience in marketing the finest properties in San Francisco’s most prestigious neighborhoods, and their inside knowledge of the market allows them to successfully manage and execute real estate deals in a timely and cost-efficient manner. Whether working with sellers or buyers, Sterling’s track record of success and unwavering commitment to service provide the extra edge their clients need in the fast-paced Bay Area market.