Februrary 2026 Market Snapshot
For San Francisco Bay Area:
The San Francisco Bay Area housing market continued to show resilience in February 2025. While mortgage rates remained elevated compared to the ultra-low rates of recent years, limited inventory and strong buyer demand helped keep home prices near record levels throughout the region.
From the East Bay to Silicon Valley, well-priced homes attracted significant attention, and many sellers continued to benefit from competitive conditions. At the same time, buyers gained slightly more breathing room as inventory improved compared to the previous year, creating a healthier balance than we experienced during the peak frenzy of the pandemic market.
February by the Numbers:
San Francisco Bay Area Median Home Price: $1,250,000
Year-Over-Year Price Change: +11.1%
Monthly Price Change: -0.5%
Sales Activity: +28.8% Year-Over-Year
Inventory Trend: +3.5% Year-Over-Year
County Median Prices
Alameda County: $1,300,000
Contra Costa County: $841,000
Marin County: $1,675,000
Napa County: $1,018,500
San Francisco County: $1,600,000
San Mateo County: $2,200,000
Santa Clara County: $2,000,000
Solano County: $600,000
Sonoma County: $852,560
Source: California Association of Realtors, February 2025 Housing Market Report. (California Association of Realtors)
My take on what's happening in the market…
The Bay Area remains a market of contrasts. High-demand counties such as Santa Clara, San Mateo, and San Francisco continue to command premium prices, while counties like Solano, Contra Costa, and Sonoma offer comparatively greater affordability.
What stands out most is the combination of rising sales activity and relatively constrained inventory. Buyers have more choices than they did a year ago, but supply remains well below the level needed for a truly balanced market. As a result, desirable homes that are priced correctly continue to move quickly and often attract multiple offers. (California Association of Realtors)
Sellers who price aggressively from the beginning are still seeing strong results. Conversely, homes that enter the market above perceived value are spending more time on the market and becoming vulnerable to price reductions.
What This Means for Buyers and Sellers
For buyers, preparation remains critical. Financing, market knowledge, and quick decision-making can make the difference between winning and losing a home.
For sellers, today's market rewards strategic pricing and strong presentation more than ever. The days of simply listing a property and expecting bidding wars are becoming less predictable, especially outside the most competitive Bay Area submarkets.
Overall, the Bay Area housing market remains healthy, with steady demand, improving inventory, and continued long-term confidence in the region's economy and housing market. While conditions vary from county to county, the fundamentals remain strong as we head into the spring selling season. (California Association of Realtors
Thinking About Buying or Selling in the Bay Area This Year?
If you're considering a move within the Bay Area, relocating out of the region, investing in property, or purchasing your first home, doing the research is an excellent way to evaluate your options. Understanding the local market conditions, neighborhood trends, and your property's current value will prepare you to make confident decisions before this summer’s peak season arrives.
For a personalized market analysis tailored to your home, neighborhood, and goals, connect with a trusted real estate professional who understands the unique dynamics of the San Francisco Bay Area.
This review is offered as a free monthly resource to help you stay informed about the SF/Bay Area real estate market.
If you'd like a quick 10-minute review of your property's value or neighborhood trends—on the house (pun intended)—I'd be happy to help. Let’s discuss the market insights your exploring.
Joe Apostol | Your Neighborhood Realtor
