Note: All analysis is based on active MLS listings as of January 20, 2025. Real estate market conditions and available listings are subject to change. This blog provides a snapshot of current listings to help understand general market conditions.
Inner Mission: A Cultural Heart of San Francisco
The Inner Mission district, known for its vibrant culture and sunny microclimate, continues to showcase significant price variations in current real estate listings:
- One-bedroom condos: Ranging from $549,000 to $995,000.
- Two-bedroom homes: Prices range from $719,999 to $1,495,000.
- Price per square foot: From $548 to $1,329.
- Most common property type: Condominiums with a few single-family homes.
Notably, smaller units (under 1,000 sq ft) often command higher per-square-foot prices, sometimes exceeding $1,200/sq ft, while larger units tend to be more economical in this area.
South of Market (SoMa): A Hub of Urban Renaissance
The SoMa district reflects a dynamic blend of newer developments and older buildings:
- Studio/0-bedroom units: Starting from $240,000.
- One-bedroom units: Prices range from $338,000 to $875,000.
- Two-bedroom condos: From $530,000 to $2,800,000.
- Three-bedroom units: Starting at $1,050,000.
- Price per square foot: From $514 to over $2,700.
- SoMa is characterized by a mix of luxury condominiums and more affordable older developments.
The price variation in SoMa is heavily influenced by building age and amenities, with newer luxury developments commanding premium prices, while older buildings offer more affordable options.
South Beach: Waterfront Living and Luxury Homes
South Beach remains one of San Francisco’s premier waterfront neighborhoods:
- One-bedroom condos: Prices range from $439,000 to $1,250,000.
- Two-bedroom homes: Prices range from $322,000 to $5,250,000.
- Three-bedroom units: From $2,349,000 to $9,250,000.
- Price per square foot: From $292 to $3,110.
- Known for its luxury high-rise developments.
The premium for waterfront views and higher floors is clear, with buildings like One Steuart Lane commanding some of the highest per-square-foot prices in the market.
Yerba Buena: San Francisco’s Downtown Luxury Neighborhood
Yerba Buena represents the high-end of the San Francisco real estate market:
- Studio/0-bedroom units: Starting around $399,000.
- One-bedroom condos: Prices range from $395,000 to $1,100,000.
- Two-bedroom homes: From $799,000 to $12,995,000.
- Three-bedroom units: Starting at $3,395,000, reaching up to $5,500,000.
- Price per square foot: From $453 to $3,991.
Notable buildings like 181 Fremont offer some of the most expensive residential real estate in San Francisco, with luxury amenities and panoramic views driving the premium prices.
Key Market Insights: Price Trends in San Francisco Neighborhoods
Price Range Hierarchy:
- Yerba Buena and South Beach command the highest prices, with their luxury condos and waterfront views.
- SoMa offers the widest range of prices, with more affordable options for first-time buyers.
- Inner Mission offers a more balanced mix of pricing, with options available across a variety of price points.
Property Size Impact:
- Smaller units (especially studios and one-bedrooms) typically have higher per-square-foot prices, while larger homes (three-bedroom and up) offer better value per square foot.
- Adding extra bathrooms also leads to a premium in pricing across all neighborhoods.
New vs. Established Buildings:
- New developments generally command higher prices due to modern amenities and energy-efficient designs.
- Established buildings may offer better value per square foot, especially those with historic charm but less modern amenities.
Conclusion: What’s the Right Investment for You?
Whether you’re seeking an entry-level condo or a luxury penthouse, San Francisco’s real estate market offers opportunities across all price ranges. Buyers should consider:
- Entry-level condos: $350,000 - $800,000
- Mid-range units: $800,000 - $1,500,000
- Luxury units: $1,500,000 - $4,000,000
- Ultra-luxury homes: $4,000,000+
For more information on available listings and up-to-date market conditions, consult with a local San Francisco real estate agent who can provide expert guidance tailored to your needs. Prices mentioned reflect current asking prices, and actual selling prices may vary due to negotiations or market shifts.