San Francisco Real Estate January 2024 Report

San Francisco Median House Prices Median House Sales Price by Year, 1993 – Present*

2021 peak

Median prices are generalities, most useful to discern broad market trends. They can be affected by other factors besides changes in fair market value. San Francisco contains neighborhoods of widely varying values.

House Median Sales Price The median house sales price in 2023 was down about 13% from 2022.

$1,800,000

$1,600,000

$1,400,000

Annual data can disguise significant changes that occurred within the calendar year.

$1,200,000

$1,000,000

2007

$800,000

Mid- 90’s recovery & dotcom boom

Recovery, high-tech & pandemic booms

$600,000

Early 90’s recession after late 80’s boom

Loan standards collapse

Market crash & recession

$400,000

$200,000

$0

*Per CA. Association of Realtors annual historical survey for existing single family dwellings. 2023 an estimate based on sales reported to NorCal MLS Alliance by early Jan. 2024. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate, and may change with late-reported sales. Various sources of data may calculate median sales prices slightly differently.

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