San Francisco Real Estate Market Overview

By Robin Rothstein

(Last Updated – 04/2025)

The City by the Bay is an alluring town known for its amazing food, gorgeous architecture, and beloved sports teams. Not to mention, those stunning bay views.

This city may have a lot of cool, gloomy days, but the San Francisco housing market is very hot, even as the city’s cost of living is 66.8% above the national average.

The San Francisco median sale price rose 1.7% year over year as of February 2025, indicating this city has a hot housing market. For an average family of four, some experts estimate that they would need to earn as much as $339,123 annually to live in San Francisco comfortably.

While living in San Francisco is expensive, the city has a lot to offer that might make the cost worth it. Alongside amazing career opportunities in the tech world and other major industries, there is plenty of art, music, food, and fashion to enjoy in this somewhat small but very metropolitan city.

San Francisco is beloved for its diversity, so if you do look into buying there, make sure to take advantage of all of the city’s quirks.

Overall San Francisco Market Trends

As local trends go, the real estate experts at Redfin consider the San Francisco housing market to be very competitive.

Homes for sale in this area generally receive multiple offers, sell for 5% above asking price, and go pending in around 21 days.

Demographics of the San Francisco Market

Popular San Francisco Neighborhoods

While the actual number of neighborhoods is heavily debated by San Francisco residents, there are about 20 popular neighborhoods to choose from.

Each neighborhood has something special to offer, so it will be challenging to narrow your choices. To help, we rounded up some fast facts about five of the most popular neighborhoods in San Francisco to consider if you’re contemplating a purchase and taking out a home loan.

Buena Vista

If you’ve always dreamed of having your own room with a view, then you’re in luck. The Buena Vista neighborhood is perched on one of San Francisco’s notoriously steep hills, providing residents with great views.

This neighborhood provides a safe haven from the hectic city, as it is low on commercial street traffic and high on greenery.

Buena Vista Housing Market

Outer Sunset

Outer Sunset is another San Francisco neighborhood that offers a tranquil feel.

This almost suburban neighborhood is right next to the Pacific Ocean, which means there is a lot of outdoor fun to be had — especially if you love to surf. Residents also say they appreciate the parks; the array of bars, restaurants, and cafes; and the solid school system.

Outer Sunset Housing Market

South of Market

San Francisco’s South of Market District, commonly called SoMa by locals, has become the home of many tech startups in recent years.

This neighborhood has something for everyone, from Michelin star restaurants to a trusty Trader Joe’s. It is also near other popular neighborhoods like the Design District, which expands your options for food, entertainment, and shopping.

South of Market Housing Market

Pacific Heights

Some refer to Pacific Heights as the quintessential San Francisco neighborhood. Many grand Victorian homes grace Pacific Heights, and the neighborhood offers great views of the bay and the Golden Gate Bridge. Residents say it’s safe, has a few great parks, and street parking isn’t as difficult as elsewhere in the city.

Pacific Heights Housing Market

Haight-Ashbury

The name Haight-Ashbury might ring a bell: It was the epicenter of the 1960s counterculture movement.

While many people like what they describe as the “funky” and “bohemian” vibe, others point out the number of tourists in the neighborhood, plus some of the same issues (panhandling) you’ll find elsewhere in the city.

Haight-Ashbury Housing Market

Tampa Real Estate Market Overview

By Robin Rothstein

(Last Updated – 04/2025)

When we think of Tampa, we think of fun. This Florida city brims with attractions, arts and culture, business, and sports. Tampa is home to the famed Busch Gardens theme park, an aquarium and zoo, and the popular Riverwalk.

Naturewise, there are plenty of parks, dog parks, greenways and trails, skate parks, water activities, and marinas. Sports fans in the Tampa Bay area can root for the Buccaneers, Lightning, and Rays.

Tampa is the 53rd largest city in the United States and the 3rd largest city in Florida, which may be why it has so much to offer. That said, if residents need to get away, Tampa International Airport and the Port of Tampa, a popular spot for those looking to board a cruise ship, will get them where they need to go.

The average home value in Tampa is $374,105, according to Zillow, with home prices down 1.3% over the past year. In comparison, the average price in the U.S. is currently lower than Tampa at $357,138, which is up 2.6% from the previous year.

If you’re thinking of moving to Tampa or buying property in Tampa, you’ll want to check out our assessment of the home-buying, demographic, and market trends in the area.

Overall Tampa Market Trends

Tampa is currently in a cooling period after years of rapid growth. However, according to U.S. News & World Report, it’s still considered a hot housing market, ranking #14 in the nation as of 2025.

As U.S. housing markets go, the industry pros at Redfin consider Tampa to be a somewhat competitive one. Some homes for sale receive multiple offers. Listings typically sell for around 4% below list price and stay on the market for only about 45 days.

Demographics of the Tampa Market

Popular Tampa Neighborhoods

Tampa features bustling urban-style neighborhoods with great restaurants and nightlife, suburban family-friendly neighborhoods, and areas with historical charm.

Here are details about five popular Tampa neighborhoods and what their real estate markets look like.

Harbour Island

Harbour Island is an upscale, waterfront neighborhood located just south of downtown Tampa, offering a blend of luxury living and urban convenience. Connected to the city by the Harbour Island Bridge and the Riverwalk, this exclusive community features high-rise condos, townhomes, and private estates, many with stunning views of Tampa Bay and the city skyline.

Residents enjoy a tranquil, resort-like atmosphere while being just minutes from top attractions like Amalie Arena, Sparkman Wharf, and the Tampa Convention Center. The neighborhood boasts gated communities, private marinas, and lush landscaping, along with walkable access to shops, fine dining, and scenic waterfront trails.

Harbour Island Housing Market

Palma Ceia

For a taste of Europe, try Palma Ceia. This charming neighborhood is beloved for its European-style brick streets and arts scene, and there are plenty of cafes, coffee shops, and chic boutiques to choose from.

Families are drawn to Palma Ceia for its highly rated public schools. The community exudes a friendly and welcoming atmosphere, making it a desirable place to live for those seeking a blend of historical charm and modern conveniences in Tampa.

Palma Ceia Housing Market

North Hyde Park

North Hyde Park is a dynamic, up-and-coming neighborhood that blends historical charm with modern development. Located just west of downtown and adjacent to the University of Tampa, this area is gaining popularity among young professionals, students, and families seeking proximity to the city’s core without the high price tag of neighboring South Tampa.

Residents enjoy easy access to the Riverwalk, trendy restaurants, coffee shops, and cultural spots. With its walkability, growing amenities, and a strong sense of community, North Hyde Park is quickly becoming one of Tampa’s most desirable places to live.

North Hyde Park Housing Market

West Meadows

West Meadows is a master-planned community located in the New Tampa district of Tampa, Florida. Situated northeast of downtown Tampa, it offers residents a suburban environment with convenient access to urban amenities.

The neighborhood is comprised of twelve distinct villages, each featuring a variety of housing options, including single-family homes, townhomes, and maintenance-free villas, with both gated and nongated configurations.

West Meadows Housing Market

Oakford Park

Oakford Park is a historic neighborhood that features a mix of architectural styles, including mid-century homes and newer construction. Residents enjoy a sparse urban feel, with numerous bars, restaurants, coffee shops, and parks contributing to a vibrant community atmosphere. The population is diverse, encompassing young professionals, families, and retirees.

Oakford Park is both family-friendly and dog-friendly. Residents appreciate the convenient location, which offers access to various amenities and highly rated public schools.

Oakford Park Housing Market

Tucson Real Estate Market Overview

By Robin Rothstein

(Last Updated – 04/2025)

Over a half a million people call Tucson home, according to the latest census data, and it’s easy to see why. Between stunning mountain views, dreamy desert skies, and sunsets worthy of a postcard, this Arizona city has no shortage of remarkable scenery.

Tucson offers more perks than just good views. Despite having such a large population, the average commute takes less than 25 minutes. The summers are dry instead of humid, the winters are mild, and the city is a melting pot of cultures, traditions, and religions.

When it comes to the Tucson real estate market, homebuyers looking for big-city affordability are in luck. The typical Tucson home price of $324,500 is lower than the national median of $424,810.

Nonetheless, local real estate pros say that some aspiring Tucson homeowners are finding it hard to keep up with increasing housing prices. Given that Tucson has a median household income of $55,708, it’s understandable how the city might be out of reach for some buyers.

The overall cost of living in Tucson is also higher than some other metro areas in Arizona and is roughly 15% above the national average, but it’s lower than other U.S. metro areas such as San Diego, Portland, and Seattle.

Keep reading to learn more about home ownership in the Tucson housing market.

Overall Tucson Market Trends

When it comes to local housing market trends, the real estate pros at Redfin categorize the Tucson market as somewhat competitive, leaving options for both buyers and sellers.

Some homes in this city receive multiple offers but typically sell for around 2% below list price. Generally, Tucson homes sell in an average of 73 days.

Tucson Housing Market Forecast

Tucson home prices were down 0.67% in 2025 compared to last year. Despite the decrease, real estate experts predict that the Tucson housing market will see positive growth into next year. The main reason for this? Strong demand and limited housing options.

Many who live in expensive Western cities see Tucson as more affordable. Buying a home in Tucson is a more viable option for people who are looking for a balance of affordable housing and quality of life.

Demographics of the Tucson Market

Popular Tucson Neighborhoods

Some homebuyers may have their heart set on romantic desert views; others may prefer being in the center of all the action. Either way, there is probably a neighborhood in Tucson that will suit even the pickiest homebuyer’s needs.

Armory Park

Armory Park is a Tucson neighborhood with a rich military history. Many of the area’s historic resources have been updated. For example, the original Carnegie Library is now home to the Tucson Children’s Museum.

Other community-focused amenities include the Armory Senior Center, which hosts activities and provides social services for seniors.

Recommended: Price-to-Rent Ratio in 50 Cities

Armory Park Housing Market

Pie Allen

Pie Allen is a historic and vibrant neighborhood in Tucson, Arizona, located just west of the University of Arizona. Known for its mix of student housing, historic homes, and local businesses, Pie Allen offers a unique blend of old and new. The neighborhood is named after John Brackett “Pie” Allen, a 19th-century entrepreneur famous for selling dried apple pies to soldiers and settlers.

The area features walkable streets, eclectic shops, and a lively atmosphere, making it popular among students, young professionals, and long-time residents.

Pie Allen Housing Market

Sam Hughes

The neighborhood of Sam Hughes can be found slightly east of the esteemed University of Arizona. Some residents consider this neighborhood to be perfectly planned because of its access to a public library, swimming pool, park, and tennis courts.

Popular Third Street is an easy spot for locals to bike to, thanks to a dedicated bike route. This attractive area is also known for featuring more than a dozen architectural styles.

Sam Hughes Housing Market

Rita Ranch

Rita Ranch is a suburban neighborhood in southeast Tucson, known for its family-friendly atmosphere, top-rated schools, and proximity to major employers like Raytheon Technologies. The area features well-maintained single-family homes, newer developments, and affordable housing options compared to other parts of the city.

Rumor has it that Rita Ranch was named after Rita Hayworth. In 1951, Hollywood legend Howard Hughes bought 20,000 acres of Tucson land to build Hughes Missile Systems. After setting up a ranch home on this land, the story goes that Hughes named the ranch after Hayworth.

Rita Ranch Housing Market

Iron Horse

Iron Horse is a historic and eclectic neighborhood in central Tucson, located just east of Downtown Tucson and near the University of Arizona. Known for its charming early 20th-century homes, adobe bungalows, and vibrant character, Iron Horse is a walkable, bike-friendly community with a rich history and artistic flair.

Today, it’s a popular spot for both locals and visitors as it houses the Historic Coronado Hotel and has plenty of great shops and markets to patronize.

Iron Horse Housing Market