Compass: 92% of SF homes sold over asking as Santa Clara cools
Compass says San Francisco homes are drawing intense bidding: 92% of single-family homes sold above list price. Santa Clara County is cooling, with more listings and more price cuts.
By the Bay Area Brief staff · Edited by Seamus McKenna · · 2 min read
The Ferry Building and Bay Bridge at night, seen from Pier 1 in San Francisco. Photo: Daniel L. Lu / Wikimedia Commons, CC BY-SA 4.0 (cropped, resized and color-graded). Archive photo of the area; not a photo of the events in this story.
San Francisco's housing market is still running hot. In Compass's September 2026 report, 92% of the city's single-family homes sold for more than the asking price.
Why it matters: The Bay Area is splitting in two. San Francisco and San Mateo are heating up while Santa Clara County and the North Bay soften.
San Francisco
The median single-family price rose 17% from a year ago, and the condo median rose 23%.
66% of condos sold above list, up 27 percentage points.
New single-family listings rose 62% from August.
Elsewhere
San Mateo: The median rose 9%, 63% of homes sold above list, and new listings rose 17% from August.
Santa Clara: Listings rose 15%, price cuts jumped 49%, and the single-family median fell 4%.
Contra Costa was mixed. Solano and Napa were softer.
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