Why Live in San Francisco
San Francisco's iconic Golden Gate Bridge, historic cable cars, and vibrant neighborhoods create an unmatched living experience. The city features world-renowned attractions like Alcatraz Island, where visitors explore the infamous former prison, and Golden Gate Park, an urban oasis larger than Central Park with the de Young Museum and California Academy of Sciences. The Mission District showcases colorful street art murals, while Chinatown, the oldest in the United States, delights with authentic shops and temples. Residents enjoy hiking along the cliffs at Lands End or exploring giant redwoods at nearby Muir Woods. The culinary scene features standout restaurants like Che Fico, known for its pineapple pizza, and House of Prime Rib, a classic steakhouse institution.
The San Francisco housing market reflects the city's premium status. The median sale price for homes stands at $1,380,000. Single-family homes in Pacific Heights command a median price of $7,575,000, while similar properties in Noe Valley list at $2,500,000. One-bedroom condos in Cole Valley/Parnassus Heights have a median price of $865,000, with two-bedroom units at $1,405,000.
Living costs in San Francisco run 65.3% above the national average. A family with school-age children needs approximately $174,000 annually to live comfortably, while renters should aim for $102,000. Monthly grocery costs average $1,900 for families and $800 for renters. The property tax rate of 0.68% compares favorably to nearby Oakland and Berkeley at 0.76%. The city's educational landscape includes highly rated public schools like Lowell High School and private institutions such as St. Ignatius College Preparatory School. Major universities include the University of California-San Francisco and San Francisco State University. The comprehensive public transportation system includes MUNI, BART, and the historic cable cars, making car-free living feasible throughout the city.
Home Trends in San Francisco, CA
On average, homes in San Francisco, CA sell after 46 days on the market compared to the national average of 50 days. The median sale price for homes in San Francisco, CA over the last 12 months is $1,375,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$1,375,000
Median Single Family Sale Price
$1,595,000
Median Townhouse Sale Price
$1,387,500
Median 2 Bedroom Sale Price
$1,235,000
Median 1 Bedroom Sale Price
$725,000
Median Studio Sale Price
$465,000
Average Price Per Sq Ft
$1,041
Number of Homes for Sale
450
Last 12 months Home Sales
2,283
Median List Price
$1,325,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%