The typical San Francisco home now sells for over $1 million more than it did when the housing market hit rock bottom after the Great Financial Crisis. That underscores the region’s remarkably resilient market, largely thanks to the city’s robust tech industry, and, in recent years, its place as the epicenter of the AI boom.  

The San Francisco metro’s median sale price dropped to a post-crash low of $625,000 in March 2012. By March 2026, it had climbed to $1.7 million, marking the first time the gap exceeded $1 million. Prices have continued to rise since then, reaching $1.725 million in June 2026—roughly $1.01 million higher than the June 2012 median of $718,000. Homes in San Francisco are more expensive than anywhere else in the U.S.