Even Detroit saw an 11% gain. Of course, that's on a median selling price of $200k.
Posted on 04/19/2026 9:37:03 AM PDT by millenial4freedom
The median home sale price in the San Francisco metropolitan area jumped 14.4% year over year in March to a record $1.7 million. That’s the largest increase since March 2018 and the biggest gain among the 50 most populous U.S. metro areas.
Condo prices in San Francisco rose particularly quickly, posting a 24.4% year-over-year increase last month—the largest since 2013.
San Francisco’s housing market has been heating up as a boom in the artificial intelligence industry and a return to the office have coincided with a lack of inventory.
“A lot of 22-year-olds are getting $500,000 signing bonuses from AI companies, and they’re excited to buy homes,” said local Redfin Premier real estate agent Ali Mafi. “Inventory isn’t keeping up—sellers have been hearing that if they wait to sell, they’ll get a better deal. But suddenly, the time to sell is now. We’re seeing quality homes in desirable areas get 20 offers and go for as much as $900,000 over the asking price.”
Mafi said sellers should still make sure their homes are in tip-top shape before going to market (cleaning, staging, painting, etc.). Oftentimes, a $20,000 investment there can turn into $100,000 because it helps the home sell for a higher price—especially when demand is so strong, he noted.
Thanks to last month’s price jump, San Francisco has reclaimed its title as the major U.S. metro with the highest home prices, eclipsing neighboring San Jose, which held that title for much of 2024 and 2025.
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I don’t get it. Remote work means you can live wherever you want, why move to the most expensive area?
The Silicon Valley economy has not recovered - it’s still bad.
Daniel Lurie is significantly to the left of London Breed.
“If you’re going to San Francisco,
Be sure to wear some Flour in your hair!”
At least then, you could make your own flatbread.
They are getting RTO’d Return To Office
I give up.
It seems that despite the high taxes, drugs, homelessness and poop on the streets, people are still willing to pay millions to live in San Francisco. Can someone explain why?
I would pay millions (if I had millions) to NOT live in Frisco (Friscans just HATE it when one refers to Frisco as Frisco), but since I don't live there anyway, I'll save those millions that I might someday have.
The AI boom will be followed by the AI bust when winners/losers get sorted out.
We’ve all been there before with this crap.
Even Detroit saw an 11% gain. Of course, that's on a median selling price of $200k.
Uh! I thought AI was causing a lot of layoffs. Zuck is laying off 10% of its work force (8000), Block 40% (2000)!
Anthropic and OpenAI are hiring lots of folks...know a few 25-year-olds who have received $700k+ offers this year
So it’s still good to know how to code?
“know a few 25-year-olds who have received $700k+ offers this year”
WOW! I’m curious, what’s their expertise?
Because they live in the suburbs!
I enjoyed my late 1990s visit to downtown SF for a biotech conference. I got to present, and was taken out to dinner every night by family and friends. And I wore hiking boots to negotiate those hills!
Nowadays, everywhere I went is probably littered with poop and garbage. So I stay away!
I take this with a grain of salt. Electricity in California has gone up through the roof, while becoming more scarce. California has passed laws requiring some companies to generate their own power. A huge Amazon Warehouse was forced to shut down because of it. Tech companies have been trying to get out of California. One thing AI needs is a lot of power. But on the other hand Evil Progressive California would make a good location to locate the heart of the beast.
Real estate says otherwise.
Good for them. Now let's see if they can handle the upkeep on their regular salaries.
"Adulting" is hard...
-PJ
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