San Francisco, CA 94109 Real Estate Market Report

ZIP Code: 94109
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in San Francisco (ZIP: 94109) is characterized by a median sold price of $2,597,000, indicating a robust demand and appreciation in property values. The market has shown a hot temperature, suggesting a competitive environment, particularly driven by the ongoing AI and tech boom. The median days on market stands at 868, which may indicate a slower sales velocity, potentially due to elevated inventory levels relative to sales activity.

The median price per square foot is reported at $1,342.43, reflecting a strong pricing environment. The rental market is also experiencing upward pressure, with a median market rent of $4,250, further underscoring the demand dynamics in this area. However, the interest rate pressure is noted as moderate, which could impact buyer sentiment and overall market liquidity in the near term.

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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

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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.

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Key Findings

1. The median sold price of $2,597,000 reflects a strong market demand in San Francisco (ZIP: 94109).

2. With median days on market at 868, the market is experiencing a slower sales velocity, indicating potential pricing friction.

3. The median price per square foot of $1,342.43 suggests a premium pricing environment, driven by high demand and limited supply.

4. The median market rent of $4,250 indicates a resurgence in the rental market, aligning with the overall demand trends in the area.

5. Moderate interest rate pressure may influence buyer activity and market dynamics moving forward.

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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.