Market Intelligence · CA / San Francisco

San Francisco, CA 94104 Housing Market

The typical home value in San Francisco's 94104 is $1,149,328, up 4.7% over the past year as of September 2026. The median list price stands at $1,645,000, and homes spend a median of 56 days on the market.

Updated September 2026Median value$1149K

The median home value in San Francisco, CA 94104 is $1.15M as of September 2026, up 4.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 94104 range

$1.06M to $1.24M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.7% over 12 months

Typical home value in 94104 over the last 12 months: $1.1M in Sep 2025 to $1.15M in Sep 2026 (+4.7%).

Sep 2025$1.1M

Sep 2026$1.15M

The numbers

What is the 94104 housing market like?

Typical home value

$1.15M

Up4.7%YoY

Median list price

$1.65M

Up13.7%MoM

Days on market

56

Up43.6%MoM

Homes for sale

6

Up50.0%MoM

Price cuts

0.0%

New listings

2

Down50.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

94104 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94104 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 94104 rose 4.7%, per the Zillow Home Value Index.

Will home prices drop in 94104?

Zillow's forecast does not call for a drop: it expects typical home values in 94104 to rise 1.8% by September 2027, after a 4.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 94104 home prices compare?

  • 94104$1,149,328
  • San Francisco$1,406,332
  • California$692,765
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (San Francisco: 26 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

Inventory in 94104 is thin, with just 6 homes for sale and 2 new listings as of September 2026. The median list price of $1,645,000 sits well above the typical home value of $1,149,328, which reflects the small, condo-heavy mix of properties in this downtown ZIP. Values are up 4.7% over the past year, and no active listings have taken a price cut, with the share at 0.0%. Homes take a median of 56 days to sell, so buyers are moving deliberately. For a seller, the data points to rising values but a patient buyer pool, so pricing accurately from the start matters more than testing the market.

Monthly payment

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20% · $229,866

Common questions

What people ask us.

How much is a home in 94104 worth?

The typical home value in 94104 is $1,149,328, up 4.7% over the past year as of September 2026.

How long does it take to sell a home in 94104?

Homes in 94104 spend a median of 56 days on the market as of September 2026.

How competitive is the 94104 market right now?

There were 6 homes for sale and 2 new listings in 94104 as of September 2026, with a median list price of $1,645,000.

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