There seems to be no end in sight for the San Francisco housing market that continues to gain steam. According to a recent report from Redfin, home vales in San Francisco rose in December by 12 percent on an annual basis reaching a whopping $1.15 million.

Prices are holding buyers back either, the volume of sales increased annually by 7.7 percent.

There is a shining light for homebuyers in San Francisco. The home price increases are dampening slightly compared with months like August when annual growth was around 20 percent.

Redfin median sales price san francisco

It’s been since May that San Francisco saw a higher number of home sales this year greater than last. Busy buyers trying to get in during the typical slow December season helped nudge home sales to a 7.7 percent annual change.

redfin homes sold san francisco

Ashbury Heights is the area’s priciest neighborhood with a median sale price of $2.24 million, which is a 86.5 percent increase year-over-year. Compare this to the City by the Bay’s most affordable neighborhood, Tenderloin where the median sales price is $483,500.

Area Median Sale Price Year-Over-Year Homes Sold Year-Over-Year Inventory Year-Over-Year Median Days on Market
Ashbury Heights $2,237,500 86.5% 8 -57.9% 5 150.0% 16
Bernal Heights $1,197,500 4.1% 61 5.2% 23 15.0% 14
Civic Center / Van Ness $802,500 7.0% 22 -31.3% 19 216.7% 24
Crocker Amazon $829,000 7.7% 15 50.0% 9 -10.0% 14
Excelsior $831,500 17.4% 24 -4.0% 14 -48.1% 20
Financial District $949,500 -55.3% 8 14.3% 5 -28.6% 22
Forest Hill $2,075,000 26.9% 6 -40.0% 4 100.0% 20
Haight Ashbury $1,300,000 20.9% 22 0.0% 3 0.0% 15
Hayes Valley $1,275,000 11.8% 11 22.2% 8 700.0% 13
Ingleside $870,000 32.4% 12 20.0% 5 66.7% 16
Inner Richmond $1,150,000 -14.8% 16 -23.8% 6 -40.0% 17
Inner Sunset $1,475,000 5.0% 15 -34.8% 13 8.3% 14
Lower Haight $1,487,500 19.7% 12 -42.9% 6 -33.3% 16
Merced Heights $710,000 12.7% 12 -40.0% 6 -45.5% 22
Miraloma Park $1,250,000 21.0% 37 -17.8% 9 -30.8% 13
Mission $1,200,000 35.1% 31 -13.9% 24 -14.3% 17
Mission Bay $1,110,000 38.8% 33 -10.8% 11 10.0% 13
Nob Hill $1,225,000 3.2% 27 22.7% 10 11.1% 16
Noe Valley $1,740,000 2.4% 48 -23.8% 26 73.3% 15
Outer Mission $780,000 -1.9% 16 6.7% 4 -63.6% 17
Outer Richmond $1,105,000 -8.5% 24 60.0% 18 260.0% 25
Outer Sunset $1,020,000 25.9% 47 11.9% 14 -22.2% 16
Pacific Heights $1,700,000 -13.3% 50 -24.2% 30 30.4% 16
Parkside $1,185,000 27.4% 23 -28.1% 5 -64.3% 13
Portola $915,000 15.5% 14 -33.3% 11 37.5% 16
Potrero Hill $1,214,192 21.4% 47 -26.6% 21 110.0% 16
Rincon Hill $875,000 -3.3% 23 -17.9% 10 0.0% 29
Russian Hill $1,562,500 -16.6% 31 19.2% 13 -31.6% 15
South of Market $1,105,000 22.8% 154 2.7% 72 7.5% 18
Sunnyside $1,281,000 57.5% 19 -20.8% 5 0.0% 13
Sunset District $1,186,500 22.3% 139 -10.9% 49 -19.7% 15
Telegraph Hill $1,190,500 -1.8% 8 -11.1% 8 0.0% 15
Tenderloin $483,500 46.2% 4 100.0% 2 0.0% 11
Twin Peaks $1,158,500 27.6% 4 -55.6% 8 166.7% 14
Visitacion Valley $805,000 16.7% 15 -28.6% 11 -62.1% 14
Western Addition $840,000 20.0% 9 -43.8% 8 100.0% 15
San Francisco $1,150,000 11.9% 474 7.7% 331 -7.0% 19