San Francisco Home Values Set to Stay Below $1.23 Million

Median home values in the San Francisco metropolitan area are expected to remain below $1.228 million when updated figures for May 31, 2026, are published, signaling continued pressure on one of the nation’s most expensive housing markets.

The estimate will be based on the Parcl Labs Sales Price Index for the San Francisco metro area, which tracks price-per-square-foot data and applies it to the region’s median home size of 1,700 square feet. A reading below the threshold would point to a market still adjusting after years of elevated borrowing costs, affordability constraints and uneven demand across the Bay Area.

While San Francisco remains a high-cost market by national standards, a sub-$1.228 million median value would underscore the limits of buyer capacity heading into the summer housing season. Analysts and market watchers will be closely monitoring whether inventory levels, mortgage rates and technology-sector employment trends provide support for prices later in 2026.