SF February Real Estate Market Report 2026

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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