San Francisco, CA 94109 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

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

Key Findings

1. The neighborhood's primary market indicator is the median sold price: 5,550,695, which anchors current valuation and should be treated as the representative recent sale when setting or benchmarking offers; use sold prices, not asking prices for firm pricing guidance.
2. Liquidity appears subdued: the median days on market is 1,211, which suggests slower sales velocity and that transactions may take longer to complete despite other bullish signals, so sellers should set realistic timelines and buyers should plan for protracted due diligence.
3. Price and rent fundamentals show strength: the median price per square foot is 1,456 and the median market rent is 3,200, while both price and rent year-over-year trends are up, indicating ongoing appreciation pressure that supports listing strategies targeted at value capture rather than quick turnover.
4. Market context is mixed for transaction timing: market temperature is hot, yet interest rate pressure is elevated (current 30-year fixed mortgage rates in San Francisco are 6.53% compared to the 5.6% average when typical loans in this area originated in early 2026), so buyers may face higher financing costs even as competitive conditions persist — this combination suggests caution on leveraged acquisitions and potential for pricing friction.

Notable Properties

The following 4 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.