San Francisco, CA 94118 Real Estate Market Report
ZIP Code: 94118
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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
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.
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
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.
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 for properties in San Francisco are averaging 6.49%, which is 0.09% higher than the 2026 year-to-date average of 6.40%.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood’s primary market signal is the median sold price $2,795,000, which establishes recent transaction-level value and should be treated as the representative recent sale when advising pricing strategy; market transactions are occurring at elevated price levels (market temperature: hot).
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The median days on market 323 suggests materially slower sales velocity than typical hot markets and may indicate pricing friction or expectation gaps between buyers and sellers; slower transaction velocity appears to coexist with high nominal prices.
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The median price per square foot $1,265 confirms high per-unit valuation for SFR and condo stock in the area and supports pricing at premium per-foot levels relative to broader city comps; given the price year-over-year trend is up, sellers can justify premium per-square-foot positioning.
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The median market rent $3,950 combined with a rent year-over-year trend is up reinforces strong rental demand, while interest rate pressure is moderate (30‑year fixed averaging 6.49%, 0.09% above the year-to-date average), which suggests financing costs are a caution but not an immediate deal-breaker for price support.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold above market average
Sold at market average
Sold above market average
Sold at market average
Sold below market average
San Francisco, CA 94118 Real Estate Market Report
ZIP Code: 94118
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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
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.
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
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.
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 for properties in San Francisco are averaging 6.49%, which is 0.09% higher than the 2026 year-to-date average of 6.40%.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator of recent market value is the $1,495,000 median sold price, which reflects completed transactions and suggests sustained pricing strength in the ZIP; price momentum remains positive, consistent with a hot market temperature.
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Despite strong median sold price, the 295 median days on market signals slower sales velocity and notable pricing friction—this may indicate that some sellers are holding for higher offers or that qualifying buyers face pace constraints; market participants should plan for longer listing periods and price patience.
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The $1,030 median price per square foot confirms a premium per-unit-area valuation in this neighborhood; under current conditions, sellers should corroborate pricing with recent comparable solds and buyers should expect limited room for aggressive renegotiation given the hot market temperature.
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Rental and financing context: the $6,395 median market rent shows strong rent levels supporting investor interest, while reported interest rate pressure is moderate, suggesting financing headwinds are present but not extreme—investors should stress-test cash flow assumptions and evaluate mortgage-rate sensitivity before committing.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold above market average
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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