Market Timing
Home Price Cuts in San Francisco: How Many Homes Sold After a Price Drop in 2026
Updated November 14, 2026
Reviewed by:
Head of Growth at TurboHome
Head Agent, California · CalDRE #01997822
In San Francisco, 8.5% of the 2,357 homes that closed between May and October 2026 sold after at least one price cut. The median cut was 7.2% ($75,000) off the original asking price, and homes that were cut went on to sell for a median 92.0% of their first list price, against 115.5% for homes that were never reduced. For comparison, Realtor.com counted 15.0% of active San Francisco-Oakland-Fremont listings with a price reduction in October 2026; that counts listings on the market in one month, while our figure counts homes that actually sold over six months.
TurboHome Market Analysis · 2,357 closings · May 1 to Oct 31, 2026 · Last updated November 14, 2026
This guide uses 2,357 single-family, condo and townhouse closings in our MLS feed from May 1 to October 31, 2026 to show how often San Francisco sellers cut, by how much, where, and what a cut home finally sold for. Use it to judge how much room a reduced listing leaves you.
How many San Francisco homes sold after a price cut
8.5% of San Francisco closings from May through October 2026 sold after at least one price cut. Counting every closing, cut or not, 19.0% closed below the original asking price. Cut homes sat a median 78 days on the market, against 13 days for homes that were never reduced.
| Measure | San Francisco, May to Oct 2026 |
|---|---|
| Closings | 2,357 |
| Sold after at least one price cut | 8.5% |
| Median cut, cut homes | 7.2% ($75,000) |
| Closed below the original asking price, all closings | 19.0% |
| Median days on market, cut homes | 78 |
| Median days on market, never cut | 13 |
| Median sale price, all closings | $1,650,000 |
| Sale to original list price, all closings | 112.5% |
San Francisco had the fewest price cuts of the 10 cities we track. Most homes here still sold over asking: across all closings, the median home sold at 112.5% of its original list price.
What a price cut tells a buyer in San Francisco
San Francisco homes that were cut then closed at a median 98.6% of the reduced price, so the discount stacked: the typical cut home sold at 92.0% of its original asking price, a median $78,975 below the first list price. Homes that were never reduced sold at a median 115.5% of their asking price.
14.0% of cut homes were reduced by less than 3%, 18.0% by 3 to 5%, 34.0% by 5 to 10% and 34.0% by 10% or more. Cuts were rare but not small: 34.0% of cut homes were reduced by 10% or more.
Price cuts by neighborhood in San Francisco
The table shows the 25 San Francisco neighborhoods with the most closings from May through October 2026, each with at least 20 closings, sorted by closings.
| Neighborhood | Closings | Share with a cut | Median cut | Sale to original list | Median price | Median days on market |
|---|---|---|---|---|---|---|
| South of Market | 276 | 15.6% | 4.9% | 100.0% | $969,250 | 22 |
| Sunset District | 231 | 2.2% | 14.0% | 141.2% | $2,000,000 | 12 |
| The Richmond District | 172 | 4.1% | 7.3% | 123.7% | $2,300,000 | 12 |
| Western Addition | 135 | 8.9% | 6.2% | 108.9% | $1,480,000 | 13 |
| Eureka Valley | 120 | 7.5% | 4.4% | 121.6% | $2,087,500 | 13 |
| Inner Mission | 110 | 11.8% | 9.4% | 108.5% | $1,342,500 | 17 |
| Pacific Heights | 98 | 8.2% | 9.0% | 106.9% | $2,112,500 | 12 |
| Bernal Heights | 90 | 3.3% | 6.3% | 125.3% | $1,865,000 | 12 |
| West of Twin Peaks | 89 | 3.4% | 10.1% | 124.2% | $2,688,888 | 10 |
| Noe Valley | 89 | 1.1% | 8.0% | 123.4% | $2,687,000 | 10 |
| Potrero Hill | 87 | 6.9% | 12.1% | 110.1% | $1,400,000 | 12 |
| Financial District | 78 | 17.9% | 7.6% | 98.9% | $1,797,500 | 35 |
| Outer Mission | 73 | 4.1% | 12.6% | 133.3% | $1,673,000 | 12 |
| Excelsior | 72 | 5.6% | 7.6% | 122.4% | $1,262,500 | 13 |
| Oceanview | 70 | 12.9% | 9.9% | 112.0% | $1,287,500 | 14 |
| Bayview | 63 | 20.6% | 7.7% | 100.2% | $925,000 | 29 |
| Nob Hill | 63 | 17.5% | 5.5% | 100.1% | $1,283,533 | 26 |
| The Marina | 59 | 3.4% | 7.2% | 118.2% | $2,707,000 | 11 |
| Downtown / Civic Center | 56 | 17.9% | 8.6% | 100.0% | $516,900 | 38 |
| Russian Hill | 53 | 11.3% | 5.0% | 104.4% | $1,665,000 | 15 |
| Haight-Ashbury | 47 | 0.0% | - | 127.0% | $1,975,000 | 12 |
| North Beach | 36 | 5.6% | 17.8% | 103.6% | $1,350,000 | 12 |
| Glen Park | 35 | 2.9% | 6.9% | 125.2% | $2,400,000 | 12 |
| Lakeshore | 31 | 0.0% | - | 112.7% | $1,878,000 | 13 |
| Visitacion Valley | 30 | 3.3% | 20.5% | 113.0% | $1,150,000 | 16 |
Cuts cluster downtown and in Bayview: South of Market (15.6%), the Financial District (17.9%), Downtown / Civic Center (17.9%), Nob Hill (17.5%) and Bayview (20.6%). Homes in those five also took longest to sell, a median 22 to 38 days.
On the west and south sides, cuts were rare: 2.2% of sales in the Sunset District, 4.1% in the Richmond District, 1.1% in Noe Valley, 3.3% in Bernal Heights and 2.9% in Glen Park. Homes there sold at a median 123.4% to 141.2% of their original asking price, and Haight-Ashbury and Lakeshore had no cut sales at all.
Price cuts by price range in San Francisco
| Price range | Closings | Share with a cut | Median cut | Median cut ($) | Sale to original list | Median days on market |
|---|---|---|---|---|---|---|
| Under $500K | 79 | 29.1% | 10.7% | $45,000 | 100.0% | 83 |
| $500K to $750K | 188 | 26.6% | 6.9% | $50,000 | 98.6% | 34 |
| $750K to $1M | 255 | 11.0% | 5.6% | $52,500 | 100.7% | 20 |
| $1M to $1.5M | 475 | 9.7% | 7.2% | $91,500 | 110.0% | 14 |
| $1.5M to $2M | 505 | 4.8% | 6.2% | $115,000 | 118.3% | 13 |
| $2M to $3M | 448 | 2.9% | 9.1% | $255,000 | 126.6% | 12 |
| $3M and up | 407 | 3.9% | 12.0% | $775,000 | 122.2% | 11 |
Cuts fall away with price: 29.1% of homes under $500K sold after a cut, against 2.9% from $2M to $3M, where homes sold at a median 126.6% of their original asking price.
Price cuts by home type in San Francisco
| Home type | Closings | Share with a cut | Median cut | Median cut ($) | Sale to original list | Median days on market |
|---|---|---|---|---|---|---|
| Condo | 1,245 | 12.9% | 6.9% | $56,500 | 102.3% | 16 |
| Single-family home | 1,094 | 3.5% | 10.4% | $224,500 | 126.5% | 12 |
| Townhouse | 18 | 11.1% | 2.2% | $15,796 | 105.5% | 19 |
Condos carry most of the cuts: 12.9% of condo closings sold after a cut, against 3.5% of single-family homes, which sold at a median 126.5% of their original asking price.
How 2026 compares with 2025 in San Francisco
| Measure | May to Oct 2026 | May to Oct 2025 |
|---|---|---|
| Closings | 2,357 | 2,214 |
| Sold after at least one price cut | 8.5% | 18.1% |
| Median cut, cut homes | 7.2% ($75,000) | 7.6% ($100,000) |
| Sale to original list, cut homes | 92.0% | 91.0% |
| Closed below the original asking price, all closings | 19.0% | 37.0% |
The share of San Francisco closings sold after a cut fell by more than half, from 18.1% to 8.5%, and the share closing below the original asking price fell from 37.0% to 19.0%. Cut homes that did sell closed at 92.0% of the original asking price, against 91.0% a year earlier, so a cut still meant a real discount.
How our numbers compare with Realtor.com and Redfin
Realtor.com counted 15.0% of active San Francisco-Oakland-Fremont listings with a price reduction in October 2026, down 0.5 points from a year earlier. Nationally, Realtor.com's October 2026 price-reduced share was 20.5% (preliminary; the highest October share since 2022), and Redfin found 21.2% of U.S. listings had a price drop in the four weeks ending November 1, 2026, against 20.6% a year earlier. Our San Francisco figure is 8.5%.
Portal figures count homes for sale that had a cut during one period, across a whole metro. Our figure counts homes in the city that actually sold after at least one cut over six months, and then shows what they sold for against their original asking price. A listing that was cut and has not sold, or was taken off the market, counts in the portal figures but not in ours.
Redfin's November 5 update had the San Francisco metro's median sale price up 17.3% from a year earlier, the largest increase of the 50 metros it tracks.
The San Francisco-Oakland-Fremont metro also had the lowest Realtor.com share of the seven metros in this series.
Sources: Realtor.com, October 2026 Housing Report, published November 4, 2026, checked November 14, 2026. Redfin, Housing Market Update, November 5, 2026, checked November 14, 2026.
How to use a price cut when you make an offer in San Francisco
In San Francisco, a price cut is the exception. With 8.5% of closings cut and never-reduced homes selling at a median 115.5% of asking, a reduced listing usually means the first price missed the market for that home. It is most often a condo, and most often in or near downtown, where cuts were most common.
That still gives you room. Cut homes closed at a median 98.6% of the reduced price and 92.0% of the original, a median $78,975 below the first list price, after a median 78 days on the market. Ask how long the home has been listed and how many times it was cut, and write from recent sales of similar homes nearby rather than from the reduced price.
For a single-family home on the west side, plan on competing instead: homes in the Sunset District and the Richmond District sold at a median 141.2% and 123.7% of their original asking price.
Of 247 TurboHome California buyers who closed between November 2025 and October 2026, 61 (24.7%) bought a home that had already been cut; those homes closed at a median 94.3% of the original asking price, a median $44,888 below the first list price, and 45.9% negotiated further below the reduced price.
Before a TurboHome buyer writes an offer, their agent runs a comparable-based valuation of the home and an AI offer-acceptance prediction, so the offer price rests on recent sales of similar homes rather than on the asking price or the size of a cut. See also how much over asking San Francisco buyers pay and how long San Francisco homes take to sell.
Methodology
Source: TurboHome's MLS closings data (our MLS feed), closings from May 1 to October 31, 2026, compared with May 1 to October 31, 2025.
Filters: single-family homes, condos and townhouses; a close price of $50,000 or more; original and final list price both recorded; and a final list price between 40% to 150% of the original list price, which removes relists and data errors.
Definitions: a price cut means the final list price at sale was below the original list price. The median cut is measured only on homes that were cut. Sale to original list is the close price divided by the original list price, the full discount from the first asking price; sale to reduced list is the close price divided by the final, reduced list price. Days on market uses recorded values from 0 to 730 days. Prices, cuts, ratios and days on market are medians.
Thresholds: neighborhood tables show the 25 neighborhoods with the most closings among those with at least 20 closings in the 2026 window, or every qualifying neighborhood where fewer qualified. Price range and home type rows need at least 12 closings.
Portal figures: Realtor.com, October 2026 Housing Report, published November 4, 2026, checked November 14, 2026. Its price-reduced share counts active listings with a price reduction during the month. Redfin, Housing Market Update, November 5, 2026, checked November 14, 2026. Its figure is the share of U.S. listings with a price drop in the four weeks ending November 1, 2026. Portal figures count homes for sale that had a cut during one period, across a whole metro. Our figure counts homes in the city that actually sold after at least one cut over six months, and then shows what they sold for against their original asking price. A listing that was cut and has not sold, or was taken off the market, counts in the portal figures but not in ours.
TurboHome figures: TurboHome's own closings from November 1, 2025 to October 31, 2026 over $50,000 with both the original and the final list price recorded. The 247 California and 34 Texas counts are closings with both prices recorded, not total closings, and Texas is a small sample.
FAQ
Does a price cut mean I can offer below the new price in San Francisco?
Often, yes. Cut homes in San Francisco closed at a median 98.6% of the reduced price from May through October 2026, so the typical cut home still sold below its new asking price, and at 92.0% of the original. Let recent sales of similar homes set your number, not the cut alone.
How big is a typical price cut in San Francisco?
The median cut was 7.2% ($75,000) off the original asking price for San Francisco homes that were cut and sold from May through October 2026. 14.0% of cuts were under 3% and 34.0% were 10% or more.
Which San Francisco neighborhoods had the most price cuts?
Bayview had the highest share of cut sales among San Francisco's 25 busiest neighborhoods, at 20.6%, followed by the Financial District and Downtown / Civic Center (17.9% each), Nob Hill (17.5%) and South of Market (15.6%). Haight-Ashbury and Lakeshore had none.
Are price cuts in San Francisco rising or falling?
Falling. 8.5% of San Francisco closings from May through October 2026 sold after a cut, against 18.1% in the same months of 2025. Realtor.com counted 15.0% of active San Francisco-Oakland-Fremont listings with a price reduction in October 2026, down 0.5 points from a year earlier, a count of listings rather than sales.
Who are the flat-fee buyer's agents in San Francisco?
TurboHome is a flat-fee buyer's brokerage with licensed agents in San Francisco. Its agents handle tours, offers, negotiation and closing for a flat fee instead of a percentage commission, and TurboHome refunds the rest of the buyer-side commission to the buyer at closing. For other companies that refund part of the commission, see the companies that refund the buyer's agent commission in California.
Related guides
- Home price cuts by city
- How much over asking to offer in San Francisco
- Days on market in San Francisco
- Closing costs in San Francisco
- Property taxes in San Francisco
- Price per square foot in San Francisco
- California home buying guides
- How to get cash back when you buy a house
- Companies that refund the buyer's agent commission in California
About the Author
Vinura Abeysundara
Vinura Abeysundara is a real estate and growth professional with experience scaling homebuying platforms across Canada and the United States. Formerly Head of Growth at Zown, he now works with TurboHome and writes about homebuyer savings, flat-fee real estate, commissions, and technology in real estate.
View Vinura on LinkedInAbout Kevin Kretzmer
Head Agent, California
Kevin Kretzmer leads TurboHome's California agent team and reviews California and national buyer guidance for practical brokerage accuracy.
View Kevin's profile