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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.

Analysis Window
90 Days
Total Properties Analyzed
29
Active Listings
8
Sold Properties
21

Market Metrics

Median Listing Price
$2,047,500
Median Sold Price
$2,795,000
Median Price per Sqft
$1,265/sqft

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

Median Market Rent
$3,950

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

Property Tax Rate
0.67%

Liquidity & Velocity

Median Days on Market
323
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
hot
Rent YoY Trend
up
Interest Rate Pressure
moderate

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

  1. 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).

  2. 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.

  3. 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.

  4. 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

3625 Jackson St, San Francisco, CA 94118
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

- beds
4 baths
3,900 sqft
$14,000,000
Mar 1, 2026
$3,590/sqft/sqft
223 Spruce St, San Francisco, CA 94118
Premium

Sold above market average

- beds
4 baths
5,760 sqft
$14,000,000
Mar 1, 2026
$2,431/sqft/sqft
10 5th Ave, San Francisco, CA 94118
Premium

Sold above market average

5 beds
3 baths
4,644 sqft
$13,500,000
Apr 1, 2026
$2,907/sqft/sqft
2047 days on market
3890 Clay St, San Francisco, CA 94118
Premium

Sold above market average

5 beds
3 baths
2,996 sqft
$5,200,000
Apr 1, 2026
$1,736/sqft/sqft
142 Arguello Blvd, San Francisco, CA 94118
Market Benchmark

Sold at market average

5 beds
5 baths
4,106 sqft
$5,000,000
Mar 1, 2026
$1,218/sqft/sqft
105 days on market
145 Jordan Ave, San Francisco, CA 94118
Premium

Sold above market average

- beds
1 baths
2,960 sqft
$4,925,000
Mar 1, 2026
$1,664/sqft/sqft
129 Collins St, San Francisco, CA 94118
Market Benchmark

Sold at market average

3 beds
2 baths
1,590 sqft
$2,125,000
Mar 1, 2026
$1,336/sqft/sqft
61 days on market
57 Masonic Ave, San Francisco, CA 94118
Value

Sold below market average

3 beds
2 baths
2,075 sqft
$1,749,000
Apr 1, 2026
$843/sqft/sqft
316 days on market

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.

Analysis Window
90 Days
Total Properties Analyzed
25
Active Listings
4
Sold Properties
21

Market Metrics

Median Listing Price
$1,895,000
Median Sold Price
$1,495,000
Median Price per Sqft
$1,030/sqft

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

Median Market Rent
$6,395

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

Property Tax Rate
1.07%

Liquidity & Velocity

Median Days on Market
295
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
hot
Rent YoY Trend
up
Interest Rate Pressure
moderate

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

  1. 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.

  2. 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.

  3. 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.

  4. 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

3467 Jackson St, San Francisco, CA 94118
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
1 baths
2,295 sqft
$3,600,000
Feb 1, 2026
$1,569/sqft/sqft
4431 days on market
3446 Clay St, San Francisco, CA 94118
Premium

Sold above market average

3 beds
3 baths
1,523 sqft
$2,880,000
Apr 1, 2026
$1,891/sqft/sqft
81 days on market
3233 Jackson St Apt 2, San Francisco, CA 94118
Premium

Sold above market average

2 beds
1 baths
1,850 sqft
$2,625,000
Mar 1, 2026
$1,419/sqft/sqft
3509 days on market
172 Arguello Blvd, San Francisco, CA 94118
Premium

Sold above market average

3 beds
1 baths
1,635 sqft
$1,950,000
Feb 1, 2026
$1,193/sqft/sqft
3583 Sacramento St, San Francisco, CA 94118
Premium

Sold above market average

2 beds
2 baths
1,286 sqft
$1,880,000
Mar 1, 2026
$1,462/sqft/sqft
292 days on market
335 Lake St, San Francisco, CA 94118
Premium

Sold above market average

2 beds
1 baths
1,410 sqft
$1,857,500
Mar 1, 2026
$1,317/sqft/sqft
3273 days on market
375 15th Ave, San Francisco, CA 94118
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
1,224 sqft
$1,430,000
Mar 1, 2026
$1,168/sqft/sqft
168 days on market
847 Arguello Blvd Apt 5, San Francisco, CA 94118
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
938 sqft
$1,325,000
Feb 1, 2026
$1,413/sqft/sqft
168 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$12,263/mo
94118 Avg Rent
94118 Cost to Own
Rent$3,950
Own$16,213

20% down, 6.3% rate, 0.7% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

94118 Avg nightly rate
94118 Avg occupancy (days/year)
Nightly rate$317/night
Occupancy113 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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