San Francisco · Condos and TICs
San Francisco Condos and TICs: What the Sales Data Shows
Quick answer
San Francisco condos sell for less, and closer to their asking price, than houses. The median condo sold for $1.33M against $1.70M for a single family home, and condos closed at a median 100% of asking versus 115% for houses.
Computed from 7,902 San Francisco sales recorded January 2023 to July 2026, including 3,041 condo sales. Sale-to-list figures use sales with asking prices verified from listing history.
What do San Francisco condos actually sell for?
Quick answer
Most San Francisco condos sell between $1.02M and $1.73M. That is the middle half of 3,041 condo sales, with a median of $1,330,000. Condos sold for a median $1,068 per square foot, close to the $1,049 for single family homes, so the price gap is mostly about size.
| Year | Condo median | Middle half | Condo sales | House median |
|---|---|---|---|---|
| 2023 | $1,293,000 | $1.00M to $1.63M | 693 | $1,551,000 |
| 2024 | $1,325,000 | $1.01M to $1.69M | 831 | $1,650,000 |
| 2025 | $1,325,000 | $1.03M to $1.73M | 946 | $1,700,000 |
| 2026 | $1,450,000 | $1.10M to $1.88M | 571 | $1,950,000 |
Price per square foot uses the recorded sold price per square foot, on 3,035 condo sales and 4,825 house sales with a usable value. The latest year covers sales through July 2026.
How do condo sales differ from house sales in SF?
Quick answer
Condos sell at the ask; houses sell well over it. Among sales with verified asking prices, condos closed at a median 100% of asking and 51% sold over ask, while houses closed at 115% and 82% sold over. Both sell fast: a median 16 days for condos and 15 for houses.
| Measure | Condos | Single family homes |
|---|---|---|
| Median sale price | $1,330,000 | $1,700,000 |
| Median sold $ per sq ft | $1,068 | $1,049 |
| Median sale-to-list | 100% | 115% |
| Middle half of sale-to-list | 98% to 108% | 103% to 128% |
| Sold over ask | 51% | 82% |
| Sold under ask | 38% | 14% |
| Median days on market | 16 | 15 |
Looking at a specific tower? Our San Francisco condo building profiles show the full sales record for the most traded buildings. The difference in sale-to-list is convention, not demand. House asks in San Francisco are usually set below what the market will pay to draw a crowd, so they close far over. Condo asks tend to start near value, so a condo buyer who bids the way house buyers do will often overpay.
Sale-to-list: 895 condo and 1,206 house sales with verified asks. Days on market: 2,787 condo and 4,448 house sales with a valid count.
What is a TIC and how is it different from a condo?
Quick answer
A tenancy in common, or TIC, is shared ownership of a whole building: each owner holds a percentage interest plus the right to occupy one unit, set out in a TIC agreement. A condo owner holds title to their own unit outright. Our sales data covers condos only, so we publish no TIC price figures.
TICs are common in San Francisco because many small apartment buildings cannot easily become condos. Converting a building to condos is limited by city rules, so co-owners often buy the building together as a TIC, and some later convert when they are able to.
| Condo | TIC | |
|---|---|---|
| What you own | Title to your own unit, plus a share of the common areas. | A percentage interest in the whole building, plus the right to occupy one unit. |
| Financing | A standard individual mortgage on your unit. | Either one group loan shared by all owners, or fractional loans from the smaller set of lenders that offer them. |
| Governing document | HOA bylaws and CC&Rs, with dues paid to the association. | A TIC agreement among the co-owners that sets occupancy, costs and what happens on sale or default. |
| Resale | Sold like any home; buyers use ordinary mortgages. | The buyer pool is limited to people who can finance a TIC share, and the TIC agreement can add steps. |
| In our sales data | Yes. All condo figures on this page come from recorded condo sales. | No. Our data has no TIC category, so we publish no TIC prices. |
Should you buy a condo or a TIC in San Francisco?
Buy a condo if you want the simplest financing and the widest pool of future buyers. Look at a TIC if a specific building or neighborhood is only available that way, and you are comfortable sharing a building, and sometimes a loan, with co-owners.
Before you commit to a TIC, read the TIC agreement in full, ask how the loan is structured and what happens if a co-owner stops paying, and ask whether the building is on a path to condo conversion. A real estate attorney who works with TICs can walk you through it.
Thinking about selling instead? See what the sales data says about when to sell a San Francisco home.
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