San Francisco’s median home value jumped to a file $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.
Apartment costs additionally surged, rising 27% to $1.36 million, Compass stated in a report. That was just under the $1.375 million peak of April 2022.
“The financial modifications created by the Iran warfare – corresponding 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 increase,” Compass Chief Market Analyst Patrick Carlisle stated within the report.
AI firms corresponding to OpenAI and Anthropic PBC have created a brand new gold rush in San Francisco and staff are pouring their wealth into properties within the compact metropolis, which has little new housing improvement. Not less than 22 homes bought for greater than $5 million in March, a one-month file, Compass stated. As well as, 24 condominium gross sales topped $3 million — additionally an all-time month-to-month gross sales excessive.
The worth soar in San Francisco contrasts with a modest 0.8% U.S. value improve within the yr by March, as tracked by Zillow Group Inc. The earlier value peak for homes within the California metropolis was April 2022, when patrons rushed to shut offers earlier than rates of interest soared.
High photograph: Houses in San Francisco. Photographer: David Paul Morris/Bloomberg.
Copyright 2026 Bloomberg.
Subjects
InsurTech
Information Pushed
Synthetic Intelligence
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