San Francisco-San Mateo-Redwood City house prices
House prices in the San Francisco-San Mateo-Redwood City, CA (MSAD) metro area fell 2.3% over the year to 2026 Q2, and are +5.2% over five years. It ranks #95 of the 100 metro areas FHFA tracks.
How San Francisco-San Mateo-Redwood City compares
San Francisco-San Mateo-Redwood City is moving more slowly than the typical American market, where the median state changed +2.7% over the same year.
Prices remain 13.1% below the record set in 2022 Q2, which is worth knowing before treating recent growth as a recovery. At the current 30-year mortgage rate of 6.71%, a $300,000 loan costs about $1,938 a month in principal and interest.
Fifteen years of the index
Q2 of each year, index base 100 in 1991. Source: Federal Housing Finance Agency, House Price Index, purchase-only, quarterly, not seasonally adjusted.
San Francisco-San Mateo-Redwood City house prices: common questions
Are house prices going up in San Francisco-San Mateo-Redwood City?
No. Prices fell 2.3% over the year to 2026 Q2. Across the 100 metros tracked, San Francisco-San Mateo-Redwood City ranks #95 for one-year growth.
How much have San Francisco-San Mateo-Redwood City prices risen long term?
+5.2% over five years, +37.4% over ten, and +432% since the index began in 1991.
Has San Francisco-San Mateo-Redwood City recovered its previous peak?
Not yet. It sits 13.1% below the record set in 2022 Q2.
What exactly is being measured?
The FHFA purchase-only house price index, built from repeat sales of the same properties financed by mortgages Fannie Mae or Freddie Mac bought. It tracks price movement rather than price level, and it excludes cash purchases and homes bought with jumbo or government-backed loans, so very high and very low ends of a market are underrepresented.