San Francisco is known for its vibrant culture, tech hub, and high living costs. The housing market often grabs attention due to its steep prices. This article covers the median house price in San Francisco for 2025, recent trends, neighborhood differences, and practical advice for buyers and sellers. Whether you’re planning to buy, sell, or just curious, this guide offers clear, up-to-date insights.
Current Median House Price in San Francisco
As of June 2025, the median house price in San Francisco is $1.5 million. This reflects a 2.7% increase from last year. The median price per square foot is $976, down 1.3% year-over-year. Rocket Homes reports a similar median of $1,483,887, up 3.8%. These figures come from recent MLS data and public records, ensuring accuracy for mid-2025.
Market Trends
San Francisco’s housing market is highly competitive, scoring 83/100 on Redfin’s competitiveness index. Homes receive about 4 offers and sell in 24 days, slightly slower than last year’s 22 days. In June 2025, 495 homes sold, up from 399 the previous year. Key trends include:
- Price growth: 2.7% to 3.8% year-over-year.
- Seller’s market: 59% of homes sell above asking price.
- Inventory: 1,600 homes available in June 2025, down 12.4% from May.
- Sales speed: 59% of homes sell within 30 days.
The market favors sellers, with high demand and limited supply driving quick sales. For more on market dynamics, see UrbanTaken’s 2025 Real Estate Forecast.
Factors Driving High Prices
Several factors keep San Francisco’s housing prices elevated:
- Tech Industry: High-earning tech professionals boost demand.
- Limited Supply: Strict zoning and scarce land limit new construction.
- Economic Shifts: Interest rates around 7% may slow buying, but demand remains strong (Silicon Valley).
- Government Policies: Affordable housing programs exist but struggle to meet demand.
These dynamics create a challenging market for buyers but favor sellers.
Neighborhood Price Breakdown
San Francisco’s neighborhoods vary widely in price:
- Pacific Heights: Luxury homes, median prices above $3 million.
- Mission District: Cultural hub, median around $1.2 million.
- Outer Sunset: More affordable, median near $1 million.
- Bayview: Budget-friendly, median around $900,000.
| Neighborhood | Median Price (Approx.) | Key Features |
|---|---|---|
| Pacific Heights | $3M+ | Upscale, luxury homes |
| Mission District | $1.2M | Vibrant, diverse, cultural |
| Outer Sunset | $1M | Affordable, family-friendly |
| Bayview | $900K | Emerging, budget-friendly |
Comparison with Other Cities
San Francisco’s $1.5 million median price dwarfs other U.S. cities:
- Los Angeles: ~$900,000
- New York City: ~$700,000
- Seattle: ~$800,000
- National Average: ~$422,800
San Francisco is 236% above the national average, making it one of the priciest markets. Nearby counties like San Mateo ($2.15M) and Santa Clara ($2M) are also costly.
What to Expect in 2025
Prices are projected to rise 2% to 5% in 2025, driven by steady demand. However, high interest rates may lead to a 5.2% price drop by April 2026. Tech growth and housing policies will shape the market’s future.
Tips for Buyers and Sellers
For Buyers
- Get Pre-Approved: Strengthen your offer with a mortgage pre-approval.
- Act Fast: Homes sell quickly, so be ready to bid within days.
- Consider Affordable Areas: Look at Bayview or Outer Sunset for lower prices. See affordable neighborhoods in San Francisco.
For Sellers
- Price Right: Set a competitive price based on market data.
- Stage Well: A polished home attracts more buyers.
- Use an Agent: Experts can maximize your sale. Check tips for selling a home.
People Also Ask
- Is it a good time to buy a house in San Francisco in 2025?
It depends on your budget and goals. Prices are high, but areas like Bayview offer value. High interest rates may slow the market, so timing matters. Read more at UrbanTaken’s 2025 buying guide. - Why are San Francisco houses so expensive?
Limited land, strict zoning, and tech-driven demand keep prices high. - What are the most affordable neighborhoods?
Bayview, Excelsior, and Outer Sunset are more budget-friendly, with medians below $1 million.
Conclusion
San Francisco’s median house price of $1.5 million in 2025 reflects its competitive, high-demand market. From luxury in Pacific Heights to more affordable options in Bayview, understanding trends and neighborhoods is key. Stay informed with UrbanTaken.com for the latest real estate insights.