San Francisco’s median home worth jumped to a document $2.15 million in March, up 18% from a yr earlier as wealth generated by synthetic intelligence startups flooded the town, in keeping with brokerage Compass Inc.
Rental costs additionally surged, rising 27% to $1.36 million, Compass mentioned in a report. That was slightly below the $1.375 million peak of April 2022.
“The financial modifications created by the Iran conflict – comparable to rising rates of interest and monetary market volatility – haven’t affected the extraordinarily heated market dynamics in San Francisco, that are being fueled by the brand new employment and wealth generated by the AI startup growth,” Compass Chief Market Analyst Patrick Carlisle mentioned within the report.
AI firms comparable to OpenAI and Anthropic PBC have created a brand new gold rush in San Francisco and workers are pouring their wealth into properties within the compact metropolis, which has little new housing growth. Not less than 22 homes offered for greater than $5 million in March, a one-month document, Compass mentioned. As well as, 24 condominium gross sales topped $3 million — additionally an all-time month-to-month gross sales excessive.
The value soar in San Francisco contrasts with a modest 0.8% U.S. worth enhance within the yr by means of March, as tracked by Zillow Group Inc. The earlier worth peak for homes within the California metropolis was April 2022, when patrons rushed to shut offers earlier than rates of interest soared.
High photograph: Properties in San Francisco. Photographer: David Paul Morris/Bloomberg.
Copyright 2026 Bloomberg.
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