Median House Sales Price Appreciation San Francisco % Change in Annual Median Sales Price*
Before peak of dotcom boom
Comparing the 2025 median house sales price to annual median prices in previous years to calculate approximate appreciation rates over various periods of time. Appreciation has been accelerating rapidly since fall 2025 with the effects of the AI startup boom. Equity appreciation of cash investment (downpayment + closing costs) can be several orders of magnitude higher than appreciation of purchase price. Various tax benefits can also improve financial returns.
300%
250%
Inflation since 1999 was approximately 93%**
200%
150%
After 2008 market crash
Beginning of subprime boom
309%
100%
Beginning of high-tech boom
50%
Before the pandemic
1-year change
128%
124%
57%
5%
0%
6%
Since 2024
Since 2019
Since 2014
Since 2009
Since 2004
Since 1999
Appreciation rates are indicators of change rather than exact measurements of changes in value for any particular home.
*House sales reported to NorCal MLS Alliance. Data from sources deemed reliable but may contain errors and subject to revision. Appreciation rates can change significantly depending on the exact dates of the calculation. All numbers approximate and percentages rounded. **Per BLS inflation calculator.
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