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San Francisco median home price tops $1.7 million, up $1M from 2012
Redfin says San Francisco sales rose 9.2% year over year in June 2026 as home sales jumped 23% and new listings fell 16%.
San Francisco’s housing market has continued its rebound, with the median home-sale price reaching more than $1.7 million by March 2026, a gain of roughly $1 million versus the city’s post-crash low of $625,000 in March 2012, according to an analysis of MLS data by Redfin News.
Redfin attributed the comeback to a resilient tech-driven demand base and, more recently, the region’s role in the AI boom. The analysis notes that San Francisco has remained the most expensive place in the U.S., with prices climbing even as housing affordability worsened.
The firm said San Francisco’s median price is up 140% since its Great Recession bottom, compared with 128% nationwide and 122% in New York City. It added that most of the increase came before the pandemic and the AI surge, when the median sale price reached $1.5 million in 2019.
In the latest data, Redfin reported that prices rose 9.2% year over year in June, supported by a 23% year-over-year jump in home sales alongside a 16% drop in new listings. The analysis also pointed to high-income buyers being less affected by elevated mortgage rates, and to constrained supply.
Redfin said affluent buyers have helped lead the charge in the Bay Area because many tech and AI employees in the region have higher earnings and deeper purchasing power than typical households. The article ties the recent price acceleration to demand strength as available listings decline.