Market Intelligence · CA / San Francisco

San Francisco, CA 94123 Housing Market

The typical home value in San Francisco, CA 94123 is $2,552,945, up 21.2% over the past year as of September 2026. The median list price is $3,263,250, and homes spend a median of 61 days on market.

Updated September 2026Median value$2553K

The median home value in San Francisco, CA 94123 is $2.55M as of September 2026, up 21.2% 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 94123 range

$2.35M to $2.76M

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

+21.2% over 12 months

Sep 2025$2.11M

Low $2.11MHigh $2.55M

Sep 2026$2.55M

The numbers

What is the 94123 housing market like?

As of September 2026

Typical home value

$2.55M

21.2%YoY

Median list price

$3.26M

72.2%MoM

Days on market

9.0%MoM

Homes for sale

22.2%MoM

Price cuts

0.0%

New listings

50.0%MoM

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

The outlook

94123 housing market forecast 2027

+2.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94123 to rise 2.8% by September 2027.

Over the 12 months through September 2026, typical home values in 94123 rose 21.2%, per the Zillow Home Value Index.

Will home prices drop in 94123?

Zillow's forecast does not call for a drop: it expects typical home values in 94123 to rise 2.8% by September 2027, after a 21.2% 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 94123 home prices compare?

94123$2,552,945
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

The typical home value in 94123 is $2,552,945, up 21.2% over the past year as of September 2026. Sellers listed at a median of $3,263,250, and 18 new listings came on the market. With 11 homes for sale, buyers had a limited set of options. Homes took a median of 61 days to sell, so this was not a market where everything moved immediately. For a seller, the data supports strong pricing power, but it still rewards patience and a realistic timeline.

Monthly payment

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Home price

Down payment20% · $510,589

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Common questions

What people ask us.

How much is a home in 94123 worth?

The typical home value in 94123 is $2,552,945, up 21.2% over the past year as of September 2026.

How long are homes taking to sell in 94123?

Homes in 94123 spent a median of 61 days on market as of September 2026.

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Nearby ZIP markets.

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