Median Condo Sales Price Appreciation San Francisco % Change in Annual Median Sales Price*
Comparing the 2025 median condo sales price to annual median sales prices in previous years to calculate approximate appreciation rates over various periods of time. Since the pandemic hit, the overall SF condo market has experienced a median sales price decline. The median price has been rising in the last 2 years, and appreciation has been accelerating since fall 2025 with the AI startup boom.
Before peak of dotcom boom
190%
165%
Inflation since 1999 was approximately 93%**
140%
115%
Beginning of subprime boom
90%
After 2008 market crash
186%
65%
40%
Beginning of high-tech boom
Before the pandemic
1-year change
71%
83%
15%
1%
21%
-5%
-10%
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.
*Condo 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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