San Francisco home prices rose in August, marking seven straight months of double-digit growth. The city’s median sale price rose 21 percent from a year earlier, to $1.15 million. Across the greater Bay Area, prices were up 14.6 percent to just over $1 million.
The supply of houses for sale has fallen every month for a year, giving buyers limited options and pushing up prices. There were fewer than 400 new listings in the city last month, the smallest number since December. Year over year, new listings were down 13.2 percent.
With too little inventory to meet buyer demand, more than half of properties sold in less than two weeks and nearly 88 percent of homes fetched more than asking price.
Hot Neighborhoods
In Noe Valley, one of the city’s most expensive neighborhoods, the median sale price hit $2.04 million in August, a record. Prices there rose more than 28 percent since last year.
The biggest price gains were in the the Financial District ($1.8 million) and Western Addition ($880,000), where values jumped more than 70 percent from a year ago.
The Financial District was San Francisco’s fastest neighborhood, with half of homes selling in a single day.
See our city page for the most up-to-date data on San Francisco home prices.
Here’s what’s happening in your neighborhood:
| Neighborhood | Median Sale Price | Year-Over-Year | Homes sold | Year-Over-Year | Inventory | Year-Over-Year |
|---|---|---|---|---|---|---|
| Ashbury Heights | $1,150,000 | -12.5% | 13 | -13.3% | 5 | 66.7% |
| Bayview | $730,000 | 16.1% | 39 | 2.6% | 26 | -33.3% |
| Bernal Heights | $1,225,000 | 16.7% | 57 | 9.6% | 27 | 22.7% |
| Civic Center / Van Ness | $800,000 | 13.2% | 33 | 22.2% | 21 | -12.5% |
| Crocker-Amazon | $829,000 | 19.3% | 9 | -47.1% | 19 | 111.1% |
| Excelsior | $800,000 | 11.4% | 31 | 14.8% | 26 | -16.1% |
| Financial District | $1,802,500 | 71.7% | 8 | -11.1% | 9 | -10.0% |
| Forest Hill | $1,850,000 | 6.4% | 11 | 22.2% | 3 | 0.0% |
| Haight-Ashbury | $1,365,000 | 26.4% | 20 | 53.8% | 8 | 33.3% |
| Hayes Valley | $1,445,000 | 10.6% | 5 | 25.0% | 12 | 200.0% |
| Ingleside | $862,500 | 28.6% | 6 | -50.0% | 3 | -62.5% |
| Ingleside Heights | $640,000 | -5.9% | 14 | 0.0% | 20 | 53.8% |
| Inner Richmond | $1,480,000 | 0.3% | 22 | 0.0% | 5 | -73.7% |
| Inner Sunset | $1,387,500 | 11.2% | 25 | 47.1% | 11 | -50.0% |
| Lower Haight | $1,208,500 | -0.3% | 19 | 58.3% | 4 | -69.2% |
| Marina | $1,750,000 | 1.2% | 39 | -11.4% | 10 | -16.7% |
| Miraloma Park | $1,421,500 | 33.3% | 40 | 53.8% | 17 | -5.6% |
| Mission | $1,199,000 | 38.6% | 32 | -5.9% | 21 | -22.2% |
| Mission Bay | $1,045,000 | 31.4% | 39 | -7.1% | 12 | -63.6% |
| Nob Hill | $1,540,000 | 16.4% | 28 | 7.7% | 8 | -50.0% |
| Noe Valley | $2,035,000 | 28.2% | 57 | -3.4% | 26 | -21.2% |
| Outer Mission | $905,000 | 24.3% | 8 | -38.5% | 12 | 20.0% |
| Outer Richmond | $1,050,000 | 1.5% | 27 | 3.8% | 25 | 92.3% |
| Outer Sunset | $980,500 | 18.1% | 42 | 2.4% | 25 | 4.2% |
| Pacific Heights | $1,500,000 | -13.0% | 44 | -31.3% | 19 | -29.6% |
| Parkside | $1,173,100 | 28.0% | 34 | 0.0% | 11 | -57.7% |
| Portola | $887,500 | 12.3% | 15 | 0.0% | 12 | -40.0% |
| Potrero Hill | $1,285,000 | 25.1% | 48 | -18.6% | 18 | -40.0% |
| Rincon Hill | $1,082,500 | 33.2% | 32 | 14.3% | 19 | -13.6% |
| Russian Hill | $1,650,000 | 3.1% | 19 | -45.7% | 12 | -14.3% |
| South of Market | $972,500 | 14.3% | 168 | -9.2% | 83 | -35.2% |
| Sunnyside | $1,150,000 | 13.9% | 20 | 81.8% | 5 | -50.0% |
| Sunset District | $1,210,000 | 27.4% | 154 | 7.7% | 70 | -28.6% |
| Telegraph Hill | $1,125,000 | -24.7% | 9 | -25.0% | 6 | -25.0% |
| Tenderloin | $825,500 | -3.0% | 10 | 100.0% | 5 | 66.7% |
| Twin Peaks | $910,000 | 6.1% | 11 | -8.3% | 3 | -57.1% |
| Visitacion Valley | $748,888 | 15.2% | 24 | 0.0% | 21 | -12.5% |
| Western Addition | $880,000 | 78.7% | 13 | 18.2% | 6 | -25.0% |
| San Francisco | $1,150,000 | 21.2% | 406 | -18.5% | 431 | -19.3% |
| Neighborhood | New Listings | Median Days on Market | Avg Sale-to-List |
|---|---|---|---|
| Ashbury Heights | 10 | 13 | 114.8% |
| Bayview | 41 | 21 | 110.5% |
| Bernal Heights | 61 | 14 | 120.0% |
| Civic Center / Van Ness | 47 | 12 | 112.5% |
| Crocker-Amazon | 24 | 14 | 114.4% |
| Excelsior | 45 | 14 | 114.0% |
| Financial District | 18 | 1 | 103.4% |
| Forest Hill | 6 | 13 | 120.6% |
| Haight-Ashbury | 16 | 16 | 109.9% |
| Hayes Valley | 30 | 14 | 113.6% |
| Ingleside | 10 | 20 | 109.1% |
| Ingleside Heights | 23 | 14 | 108.5% |
| Inner Richmond | 17 | 14 | 110.4% |
| Inner Sunset | 24 | 13 | 116.2% |
| Lower Haight | 13 | 12 | 113.2% |
| Marina | 35 | 13 | 109.2% |
| Miraloma Park | 36 | 15 | 116.0% |
| Mission | 33 | 14 | 116.7% |
| Mission Bay | 45 | 11 | 106.5% |
| Nob Hill | 23 | 14 | 104.7% |
| Noe Valley | 57 | 14 | 118.2% |
| Outer Mission | 14 | 24 | 109.3% |
| Outer Richmond | 40 | 13 | 116.2% |
| Outer Sunset | 51 | 13 | 123.6% |
| Pacific Heights | 41 | 13 | 110.7% |
| Parkside | 28 | 16 | 124.1% |
| Portola | 19 | 12 | 118.2% |
| Potrero Hill | 48 | 13 | 114.5% |
| Rincon Hill | 32 | 17 | 102.4% |
| Russian Hill | 21 | 13 | 110.8% |
| South of Market | 186 | 13 | 103.8% |
| Sunnyside | 14 | 15 | 115.8% |
| Sunset District | 151 | 14 | 121.9% |
| Telegraph Hill | 7 | 15 | 109.9% |
| Tenderloin | 9 | 10 | 111.1% |
| Twin Peaks | 9 | 12 | 110.8% |
| Visitacion Valley | 32 | 18 | 110.5% |
| Western Addition | 15 | 13 | 112.5% |
| San Francisco | 394 | 14 | 112.9% |
NOTE: Not all neighborhoods are listed, but totals for San Francisco encompass entire city. Data is based on listing information and might not reflect all real estate activity in the market. Neighborhood data is measured over the three months ended Aug. 31. Inventory measures listings active as of Aug. 31.
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