San Francisco's Inner Richmond Sees Home Sell for Over $1 Million Above Asking Price

A recent home sale in San Francisco's Inner Richmond neighborhood has significantly surpassed its asking price by over $1 million, according to a social media post by Rohin Dhar. The transaction highlights the intense competition and high demand characterizing specific segments of the city's real estate market. This notable sale underscores the aggressive bidding environment for desirable properties in the sought-after district.

The Inner Richmond housing market remains highly competitive, with homes often receiving multiple offers. In September 2025, properties in the neighborhood sold for an average of 11.73% above their asking price, with the median sold home price reaching $1.5 million, according to Realtor.com data. Redfin also reported that "hot homes" in the area can sell for approximately 20% above list price, indicating a robust seller's market.

Across San Francisco, the housing market experienced a surge in fall 2025. In October, 80% of single-family homes sold above their asking price, with some real estate agents noting buyer activity not seen since 2018, as reported by Bizjournals. This competitive landscape is partly fueled by factors such as the AI tech boom, which has contributed to increased sales volume and rampant overbidding in the broader Bay Area.

Such substantial over-asking sales, though not common, signify the extreme lengths buyers are willing to go for prime real estate in San Francisco. While some reports indicate a slight year-on-year decrease in median home prices, the consistent trend of homes selling above list price, especially for well-positioned properties, points to an underlying strength and persistent demand in the market. The sale exemplifies the continued challenges for buyers and the potential for significant returns for sellers in the city's unique real estate climate.