After half a decade of freefall, San Francisco condominium values are coming back up.
The typical condo value rose in just eight Bay Area ZIP codes between March 2024 and March 2025, after adjusting for inflation and excluding ZIP codes with fewer than 5,000 residents. All of them were in San Francisco, with the competitive 94114 and 94123 ZIP codes — which include the city’s Noe Valley and Marina neighborhoods, respectively — seeing the largest increases of 4%.
That doesn’t mean the San Francisco condo market is completely back — far from it. The 94114 ZIP code’s typical condo value of $1.39 million was still nearly $400,000 less, in 2026 dollars, than its 2019 figure. Values are similarly down in other Bay Area ZIP codes, with the exception of Livermore’s 94550 and Danville’s 94526 ZIP codes, which both saw spikes in condo values during the early pandemic…