Pacific Heights Real Estate Listings & Homes For Sale

In October 2024, Pacific Heights saw a remarkable 43.6% increase in home prices compared to the previous year, with the median sale price rising to $2.2 million. This sharp price jump reflects intense demand and heightened buyer interest in this prestigious San Francisco neighborhood. Homes in Pacific Heights are also selling faster, with an average market time of 28 days, down from 35 days last year, suggesting an increasingly competitive market where well-priced properties move quickly. This October, 53 homes were sold, a substantial rise from the 32 sales recorded the previous year, indicating not only higher buyer interest but also greater inventory, which is being met with strong demand. This trend signals a dynamic market where both appreciation and activity are accelerating, making Pacific Heights a particularly vibrant spot in the Bay Area’s real estate landscape.

Pacific Heights is a moderately competitive real estate market. Homes typically sell within 26 days, with some properties attracting multiple offers, especially those with unique appeal or prime locations. On average, homes sell for around 1% below the list price and go pending within that 26-day timeframe, indicating that buyers have some room for negotiation. However, when a property is particularly desirable—such as a well-located or uniquely designed home—“hot” listings can sell for up to 4% above the asking price and go pending in just 13 days. This dynamic suggests that while most buyers have a bit of flexibility, highly sought-after homes in Pacific Heights still command a premium and move quickly.

In October 2024, Pacific Heights is considered a balanced market, indicating that the supply of homes closely matches buyer demand. This equilibrium suggests a stable environment where neither buyers nor sellers have a distinct advantage, leading to fair pricing and steady negotiations. In a balanced market like this, homes are likely to sell at or near their listing prices, as inventory levels align well with the level of interest from buyers. For both buyers and sellers, this stability can mean a smoother, more predictable transaction process, with fewer dramatic price fluctuations and a moderate pace in the market.