SF February Real Estate Market Report 2026

San Francisco HOUSE Price Trends since 1990 Monthly Median House Sales Prices, 3-Month Rolling

The 3-month-rolling median house sales price in January 2026, $1,700,000, rose 12.4% year-over-year. On a single-month basis (not 3-month-rolling) the median house sales price in January rose over 16% year over year. Median sales prices typically peak in spring, though in 2025, they surged dramatically in fall.

2022

$2,000,000

2025

$1,800,000

2024

2018

2023

Median sales price is that price at which half the sales occurred for more and half for less. It is a very general statistic, disguising an enormous range of sales prices in the underlying sales. It is often affected by other factors besides changes in fair market value. Monthly and seasonal fluctuations are common, which explain many of the regular ups and downs in this chart. Median sales prices typically peak for the year in spring.

$1,600,000

Pandemic hits ▲

$1,400,000

Interest rates soar ▲

$1,200,000

2007

$1,000,000

High-tech/IPO boom

$800,000

$600,000

Great recession

$400,000

Appreciation is typically measured year over year to account for market seasonality.

$200,000

Updated through January 2026

$-

3-month rolling average of monthly median sales prices for “existing” houses, per CA Association of Realtors or 3-month rolling median per NorCal MLS Alliance. Analysis may contain errors and subject to revision. All numbers approximate, and may change with late-reported sales.

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