Graph and download economic data for All-Transactions House Price Index for San Francisco-San Mateo-Redwood City, CA (MSAD) (ATNHPIUS41884Q) from Q3 1975 to Q1 2025 about San Francisco, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

The S&P Case Shiller San Francisco Home Price Index measures changes in the prices of existing single-family homes in San Francisco. The index value was equal to 100 as of January 2000, so if the index value is equal to 130 in a given month, for example, it means that the house prices have increased by 30 percent since 2000. The value of the S&P Case Shiller San Francisco Home Price Index amounted to nearly 357.57 in August 2024. That was significantly higher than the national average.

Graph and download economic data for S&P CoreLogic Case-Shiller CA-San Francisco Home Price Index (SFXRNSA) from Jan 1987 to Apr 2025 about San Francisco, CA, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for San Jose-Sunnyvale-Santa Clara, CA (MSA) (ATNHPIUS41940Q) from Q3 1975 to Q1 2025 about San Jose, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

In 2022, San Mateo, San Francisco, and Santa Clara were the most expensive districts for housing in the San Francisco Bay Area. In San Francisco, the average square footage price of single-family homes exceeded 1,000 U.S. dollars per square foot. Housing in Solano, on the other hand, was most affordable, with the average square footage price for single family homes at 370 U.S. dollars.

How expensive is buying a home in San Francisco? Few metros in the U.S. are more expensive than San Francisco, CA. In 2022, the median sales price of existing single-family homes in San Francisco was about 1.4 million U.S. dollars, making it the second priciest market in the U.S. House prices in the Golden City, were not always so high: in 2014, a two-bedroom house in the Bay Area would sell for less than 500,000 U.S. dollars but since then, the median price has more than doubled.

How much does renting an apartment cost? Despite rents falling in 2020, renting in San Francisco is still far from cheap. Renting a two-bedroom apartment cost close to 4,000 U.S. dollars in 2021. California is one of the least affordable states for renters. In fact, to afford to rent such an apartment, a household needs approximately three full time jobs at minimum wage or two full time jobs at mean wage.

Graph and download economic data for Home Price Index (High Tier) for San Francisco, California (SFXRHTNSA) from Jan 1987 to Apr 2025 about high tier, San Francisco, HPI, housing, price index, indexes, price, and USA.

All-Transactions House Price Index for San Jose-Sunnyvale-Santa Clara, CA (MSA) was 558.45000 Index 1995 Q1=100 in January of 2025, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for San Jose-Sunnyvale-Santa Clara, CA (MSA) reached a record high of 567.08000 in July of 2024 and a record low of 18.68000 in July of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for San Jose-Sunnyvale-Santa Clara, CA (MSA) - last updated from the United States Federal Reserve on July of 2025.

The San Francisco Bay Area was the only area where single-family homes sold above the list price in October 2024. In that month, buyers paid on average one percent above the list price for single-family houses. Condos, on the other hand, sold for 100 percent of the list price. As a result of the robust demand for California properties, property prices increased in the past year.

Graph and download economic data for Condo Price Index for San Francisco, California (SFXRCNSA) from Jan 1995 to Mar 2025 about San Francisco, HPI, housing, price index, indexes, price, and USA.

VITAL SIGNS INDICATOR Home Prices (EC7)

FULL MEASURE NAME Home Prices

LAST UPDATED August 2019

DESCRIPTION Home prices refer to the cost of purchasing one’s own house or condominium. While a significant share of residents may choose to rent, home prices represent a primary driver of housing affordability in a given region, county or city.

DATA SOURCE Zillow Median Sale Price (1997-2018) http://www.zillow.com/research/data/

Bureau of Labor Statistics: Consumer Price Index All Urban Consumers Data Table (1997-2018; specific to each metro area) http://data.bls.gov

CONTACT INFORMATION vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator) Median housing price estimates for the region, counties, cities, and zip code come from analysis of individual home sales by Zillow. The median sale price is the price separating the higher half of the sales from the lower half. In other words, 50 percent of home sales are below or above the median value. Zillow defines all homes as single-family residential, condominium, and co-operative homes with a county record. Single-family residences are detached, which means the home is an individual structure with its own lot. Condominiums are units that you own in a multi-unit complex, such as an apartment building. Co-operative homes are slightly different from condominiums where the homeowners own shares in the corporation that owns the building, not the actual units themselves.

For metropolitan area comparison values, the Bay Area metro area’s median home sale price is the population-weighted average of the nine counties’ median home prices. Home sales prices are not reliably available for Houston, because Texas is a non-disclosure state. For more information on non-disclosure states, see: http://www.zillow.com/blog/chronicles-of-data-collection-ii-non-disclosure-states-3783/

Inflation-adjusted data are presented to illustrate how home prices have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself.

A recent New York Times article examines one of the biggest drivers in a families' decision to leave cities: school. Using data from a number of sources, the New York Times developed charts that look at school performance and median home sale price per square foot for five metro areas including New York/New Jersey, San Francisco, Boston, Chicago, and Minneapolis.For most of the cities studied, home prices rise with the quality of the school district but a number of districts break this pattern. The map shown highlights five Bay Area schools that perform above average, and have below average housing costs.The New York Times used median price per square foot to measure housing costs and the median number of grades ahead (or behind) for school district quality. In the San Francisco Bay Region, the price per square foot was around $500 while students were .28 grades ahead of their grade placement. The five Bay Area schools that were selected had the lowest home prices and the best performing schools in the region.Source: New York Times

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in San Francisco-Oakland-Hayward, CA (CBSA) (MEDLISPRIPERSQUFEE41860) from Jul 2016 to Jun 2025 about San Francisco, square feet, CA, listing, median, price, and USA.

In October 2024, the median square footage sales price of a single-family home in the San Francisco Bay Area was approximately *** U.S. dollars. Condos, on the other hand, sold for *** U.S. dollars per square foot. The Far North was the most affordable region with sales price of *** and *** U.S. dollars for single family homes and condos, respectively.

VITAL SIGNS INDICATOR List Rents (EC9)

FULL MEASURE NAME List Rents

LAST UPDATED October 2016

DESCRIPTION List rent refers to the advertised rents for available rental housing and serves as a measure of housing costs for new households moving into a neighborhood, city, county or region.

DATA SOURCE real Answers (1994 – 2015) no link

Zillow Metro Median Listing Price All Homes (2010-2016) http://www.zillow.com/research/data/

CONTACT INFORMATION vitalsigns.info@mtc.ca.gov

METHODOLOGY NOTES (across all datasets for this indicator) List rents data reflects median rent prices advertised for available apartments rather than median rent payments; more information is available in the indicator definition above. Regional and local geographies rely on data collected by real Answers, a research organization and database publisher specializing in the multifamily housing market. real Answers focuses on collecting longitudinal data for individual rental properties through quarterly surveys. For the Bay Area, their database is comprised of properties with 40 to 3,000+ housing units. Median list prices most likely have an upward bias due to the exclusion of smaller properties. The bias may be most extreme in geographies where large rental properties represent a small portion of the overall rental market. A map of the individual properties surveyed is included in the Local Focus section.

Individual properties surveyed provided lower- and upper-bound ranges for the various types of housing available (studio, 1 bedroom, 2 bedroom, etc.). Median lower- and upper-bound prices are determined across all housing types for the regional and county geographies. The median list price represented in Vital Signs is the average of the median lower- and upper-bound prices for the region and counties. Median upper-bound prices are determined across all housing types for the city geographies. The median list price represented in Vital Signs is the median upper-bound price for cities. For simplicity, only the mean list rent is displayed for the individual properties. The metro areas geography rely upon Zillow data, which is the median price for rentals listed through www.zillow.com during the month. Like the real Answers data, Zillow's median list prices most likely have an upward bias since small properties are underrepresented in Zillow's listings. The metro area data for the Bay Area cannot be compared to the regional Bay Area data. Due to afore mentioned data limitations, this data is suitable for analyzing the change in list rents over time but not necessarily comparisons of absolute list rents. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Due to the limited number of rental properties surveyed, city-level data is unavailable for Atherton, Belvedere, Brisbane, Calistoga, Clayton, Cloverdale, Cotati, Fairfax, Half Moon Bay, Healdsburg, Hillsborough, Los Altos Hills, Monte Sereno, Moranga, Oakley, Orinda, Portola Valley, Rio Vista, Ross, San Anselmo, San Carlos, Saratoga, Sebastopol, Windsor, Woodside, and Yountville.

Inflation-adjusted data are presented to illustrate how rents have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself. Percent change in inflation-adjusted median is calculated with respect to the median price from the fourth quarter or December of the base year.

Graph and download economic data for All-Transactions House Price Index for Oakland-Berkeley-Livermore, CA (MSAD) (ATNHPIUS36084Q) from Q2 1975 to Q1 2025 about Oakland, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

The monthly rent for two-bedroom apartments in San Francisco and Bay Area has fluctuated since 2015. In 2023, the median monthly rent for a two-bedroom apartment in San Francisco was 3,795 U.S. dollars, down from 3,970 U.S. dollars in 2021.

In the first quarter of 2025, San Francisco, Chicago, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at *** U.S. dollars per square foot and Las Vegas for single-family homes between *** and *** U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over ***** more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over **** percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

The Japan office real estate market, valued at approximately ¥20 trillion (assuming a reasonable market size based on similar mature markets and given CAGR) in 2025, exhibits robust growth potential with a compound annual growth rate (CAGR) exceeding 4.00%. Key drivers include sustained economic growth, particularly in Tokyo and Kyoto, increasing demand from technology companies and financial institutions, and a limited supply of high-quality office spaces in prime locations. Emerging trends such as the adoption of flexible workspaces and a focus on sustainable building practices are reshaping the market landscape. However, challenges remain, including fluctuations in the global economy, potential interest rate hikes impacting investment, and the ongoing impact of remote work adoption on office demand. While the concentration of office space in Tokyo and Kyoto is significant, growth is expected in secondary cities driven by decentralization efforts and regional economic development initiatives. Leading players like Mitsui Fudosan, Mitsubishi Estate Co., and Sumitomo Realty & Development dominate the market, continuously adapting their strategies to meet evolving market needs. The forecast period of 2025-2033 indicates continued growth, albeit potentially at a moderated pace compared to the historical period (2019-2024). Factors such as government policies promoting urban regeneration and investments in infrastructure will likely influence the market trajectory. The segment analysis focusing on Tokyo, Kyoto, and the rest of Japan highlights the geographical disparities in growth potential and investment opportunities. The competitive landscape is characterized by established players and emerging companies, creating a dynamic environment for innovation and market share competition. Analyzing the historical data and current market conditions provides valuable insights for investors, developers, and businesses seeking opportunities within the Japanese office real estate sector. Further research into specific sub-segments and detailed financial performance data of key players would provide a more comprehensive understanding. Recent developments include: January, 2023: Buildings in the capital's Otemachi business district are becoming more green and lush, as developers resort to plants, trees, and even farms to attract office employees seeking more refreshing work surroundings. Mitsui & Co. and Mitsui Fudosan Co. are at the forefront of the movement, having created one of the largest green areas in the district. The 6,000-square-meter green zone replaces an open space next to Mitsui & Co.'s former headquarters., December 20, 2022: Tokyu Land Corporation, SolarDuck's partner, has been given the contract to realize the Tokyo Bay ESG Project by the Tokyo Metropolitan Government. This project aims to realize local energy generation and consumption in the Tokyo Bar Area via the use of cutting-edge, sustainable technology. Tokyu Land Corporation (the project owner), SolarDuck (offshore floating solar technology), and Everblue make up the partnership for the Tokyo Bay ESG Project., November 2022: Sumitomo Realty & Development of Japan will invest 500 billion yen (USD 3.58 billion) in office building projects in India, growing in what will soon become the world's most populous country. The corporation recently spent 35.1 billion yen acquiring around 12,000 square meters of property in the Bandra Kurla Complex, often known as BKC, a fast-rising commercial and residential sector of Mumbai. The location is one of BKC's major office development sites.. Notable trends are: Rise in Start-ups Driving the Market.

The median rent for one- and two-bedroom apartments in San Francisco, CA, amounted to about ***** U.S. dollars at the end of 2023. Rents decreased drastically after the beginning of the coronavirus pandemic - by over ** percent between December 2019 and December 2020. This trend reversed in 2021, and as of December 2021, the annual rental growth stood at ** percent. Among the different states in the U.S., California ranks as the second most expensive rental market in 2023.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in San Francisco County/city, CA (MEDLISPRIPERSQUFEE6075) from Jul 2016 to Jun 2025 about San Francisco County/City, CA; square feet; listing; median; price; and USA.