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 Jan 2025 about San Francisco, 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.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting 168 U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded 500,000 U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly 12 percent year-on-year, and in 2022, the increase was even higher, at close to 17 percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

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

San Francisco County/city, CA - All-Transactions House Price Index for San Francisco County, CA was 290.39000 Index 2000=100 in January of 2024, according to the United States Federal Reserve. Historically, San Francisco County/city, CA - All-Transactions House Price Index for San Francisco County, CA reached a record high of 290.39000 in January of 2024 and a record low of 10.66000 in January of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for San Francisco County/city, CA - All-Transactions House Price Index for San Francisco County, CA - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Housing Inventory: Median Listing Price in San Francisco County/city, CA (MEDLISPRI6075) from Jul 2016 to Dec 2024 about San Francisco County/City, CA; listing; median; price; and USA.

United States - S&P/Case-Shiller CA-San Francisco Home Price Index was 360.79396 Index Jan 2000 = 100 in January of 2022, according to the United States Federal Reserve. Historically, United States - S&P/Case-Shiller CA-San Francisco Home Price Index reached a record high of 360.79396 in January of 2022 and a record low of 46.95579 in January of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - S&P/Case-Shiller CA-San Francisco Home Price Index - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Condo Price Index for San Francisco, California (SFXRCNSA) from Jan 1995 to Dec 2024 about San Francisco, HPI, housing, price index, indexes, price, and USA.

United States - Home Price Index (Low Tier) for San Francisco, California was 384.93840 Index Jan 2000 = 100 in January of 2022, according to the United States Federal Reserve. Historically, United States - Home Price Index (Low Tier) for San Francisco, California reached a record high of 384.93840 in January of 2022 and a record low of 47.85199 in January of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Home Price Index (Low Tier) for San Francisco, California - last updated from the United States Federal Reserve on March of 2025.

San Francisco's office rental market showcases significant variation across its submarkets, with Mission Bay commanding the highest rates at 138 U.S. dollars per square foot in the third quarter of 2024. This premium location demanded nearly double the city's average rate, highlighting the stark differences in desirability and demand within the city's commercial real estate landscape. Economic powerhouse The San Francisco Bay Area's economic prowess is evident in its impressive economic growth over the past 20 years. The city's strength is fueled by the presence of major technology companies and a thriving startup ecosystem. The region's economic significance extends beyond local boundaries, contributing substantially to California's position as the state with the highest GDP in the country. This economic vitality helps explain the sustained demand for office space across various San Francisco submarkets. Offices: global context and market trends In a global context, San Francisco's office rental rates are relatively high but not the most expensive worldwide. In 2024, London, Hong Kong, and New York emerged as the top three most expensive office rental markets globally. Over the past five years, San Francisco has experienced a decline in office rents. This trend aligns with broader shifts in the office real estate sector, influenced by the COVID-19 pandemic and the rise of hybrid work. Despite these challenges, certain San Francisco submarkets like Mission Bay and The Presidio continue to command premium rates, reflecting their enduring appeal to commercial tenants.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in San Francisco-Oakland-Hayward, CA (CBSA) (MEDLISPRIPERSQUFEEYY41860) from Jul 2017 to Feb 2025 about San Francisco, square feet, CA, listing, median, price, and USA.

United States - Home Price Index (High Tier) for San Francisco, California was 341.09971 Index Jan 2000 = 100 in January of 2022, according to the United States Federal Reserve. Historically, United States - Home Price Index (High Tier) for San Francisco, California reached a record high of 341.09971 in January of 2022 and a record low of 46.10306 in January of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Home Price Index (High Tier) for San Francisco, California - last updated from the United States Federal Reserve on March of 2025.

United States - Home Price Sales Pair Counts for San Francisco, California was 3857.00000 Units in January of 2022, according to the United States Federal Reserve. Historically, United States - Home Price Sales Pair Counts for San Francisco, California reached a record high of 10598.00000 in September of 1988 and a record low of 1916.00000 in February of 2014. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Home Price Sales Pair Counts for San Francisco, California - last updated from the United States Federal Reserve on March of 2025.

San Francisco-Oakland-San Jose, CA (CMSA) - Consumer Price Index for All Urban Consumers: Housing in San Francisco-Oakland-Hayward, CA (CBSA) was 370.76300 Index 1982-84=100 in February of 2022, according to the United States Federal Reserve. Historically, San Francisco-Oakland-San Jose, CA (CMSA) - Consumer Price Index for All Urban Consumers: Housing in San Francisco-Oakland-Hayward, CA (CBSA) reached a record high of 370.76300 in February of 2022 and a record low of 49.30000 in December of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for San Francisco-Oakland-San Jose, CA (CMSA) - Consumer Price Index for All Urban Consumers: Housing in San Francisco-Oakland-Hayward, CA (CBSA) - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for All-Transactions House Price Index for Contra Costa County, CA (ATNHPIUS06013A) from 1975 to 2024 about Contra Costa County, CA; San Francisco; CA; HPI; housing; price index; indexes; price; and USA.

The average price for residential real estate in Manhattan, New York increased for luxury, new developments, and condos. Conversely, prices for re-sale and co-op properties declined slightly. In the third quarter of 2024, the average square footage price for a re-sale property was 1,404 U.S. dollars per square foot.

The number of new units completed in San Francisco peaked at 5,022 in 2020. In 2023, 2,066 newly completed units were added to San Francisco's housing stock. This was the lowest value since 2013.

Graph and download economic data for All-Transactions House Price Index for Marin County, CA (ATNHPIUS06041A) from 1975 to 2024 about Marin County, CA; San Francisco; CA; HPI; housing; price index; indexes; price; and USA.

The annual taking rent of industrial big box buildings has been on an upwards trend since 2013, except for a slight decrease in 2021. In 2023, a square foot of big box space cost 6.5 U.S. dollars, up from 3.26 U.S. dollars in 2013. Big-box refers to large industrial buildings used for distribution. Despite the increase in rental rates, Dallas had lower than the average big box rent in North America.