San Francisco, CA 94105 Real Estate Market Report

ZIP Code: 94105
Report Date: March 2026
Market Temperature: HOT
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

The median sold price in San Francisco, CA (ZIP: 94105) is currently $1,297,000, reflecting a robust market despite the elevated median listing price of $1,498,888. This discrepancy suggests that sellers may be facing pricing friction as the market adjusts to buyer expectations. The neighborhood has experienced a notable appreciation trend, with the market temperature classified as hot, indicating strong demand and competitive conditions.

Transaction activity appears moderate, with properties remaining on the market for an extended period, as evidenced by a median days on market of 465 days. This extended duration may indicate slower sales velocity amid elevated inventory levels, which could be a result of excess supply relative to sales activity. Overall, the market dynamics suggest a complex interplay between pricing expectations and buyer engagement, with potential implications for future pricing strategies and investment decisions.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in San Francisco CA around 6.62% are 0.35% higher than the average rate of 6.27% seen in January 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,297,000 indicates strong market activity despite elevated listing prices, suggesting potential pricing friction for sellers.

2. With a median days on market of 465 days, the market is experiencing slower sales velocity, which may affect liquidity and buyer engagement.

3. The median market rent of $4,350 reflects a strong rental demand, likely driven by the booming tech sector, indicating a competitive rental environment.

4. The market temperature is classified as hot, suggesting a favorable environment for sellers despite the extended days on market.

5. Interest rate pressure is currently moderate, which may influence buyer financing options and overall market activity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.