Zip Code Searches for San Francisco Real Estate Don't Work. Here is why.
June 24, 2021 Source: Compass
Zipcodes often don't work in San Francisco. As you can see, zip code 94118 includes both Central Richmond and Presidio Heights. Let's calculate the two neighborhoods' median house sales prices. Central Richmond has a Median Sales Price of $2,225,000, and in Presidio Heights, it's $6,750,000. The zip code mixes these two - and other neighborhoods - of totally different values together, which leads to a median sales price that doesn't apply to any of the neighborhoods within the zip code. The zip code 94109 includes Pacific Heights, Western Addition, Tenderloin, Russian Hill, and Nob Hill.
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SAN FRANCISCO MEDIAN HOME PRICE MAP
This map generally reflects median home sales prices in San Francisco neighborhoods for a 12-month period. Median sales prices are generalities that often fluctuate and can be affected by other factors besides changes in fair market value. They typically disguise a huge range of prices in the underlying individual sales, and all prices should be considered approximate. Data per 12 months sales reported to MLS, deemed reliable, but may contain errors and subject to revision.
Run cursor over the map to pull up icons and prices.
It is impossible to know how the median and average value statistics apply to any particular home without a specific comparative market analysis. Fixer-upper houses and Below Market Rate (BMR) condos were excluded from this analysis.
These analyses were made in good faith with data from reliable sources but may contain errors and are subject to revision. It is not our intent to convince you of a particular position but to attempt to provide straightforward data and analysis so that you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can often be affected by other factors besides changes in fair market value. Longer-term trends are much more meaningful than short-term ones.
The zip code map below shows how it and the San Francisco Association of Realtors District and Subdistrict the maps do not coordinate, causing confusion to Buyers, Sellers, and real estate news writers.