San Francisco Real Estate December 2025 Report

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

The 3-month-rolling median house sales price in November 2025, $1,800,000, spiked up from October to its highest point since 2022, rising about 9% year-over-year. On a single-month basis (not 3-month-rolling) the median house sales price in November rose 15% year over year.

2022

$2,000,000

2025

$1,800,000

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.

2024

2018

2023

$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 November 2025

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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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