San Francisco-San Mateo-Redwood City, CA
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA purchase-only, principal metropolitan division · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · this area is san francisco san jose on the rankings · FHFA publishes the largest metros only as their principal metropolitan division, so this is the core of the metro rather than the whole of it.
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real −2.3%
nominal -2.3%
Five years
Five years real −9.1%
nominal +5.2%
Ten years
Ten years real +5.1%
nominal +37.4%
Twenty-five years
Twenty-five years real +62.0%
nominal +187.1%
Since 2000
Since 2000 real +93.8%
nominal +252.9%
2007 to 2012
crash, real −29.3%
2007Q2 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 531.5 | 531.5 | real year on year +2.8% |
| 2025 Q4 | 516.9 | 516.9 | real year on year +1.6% |
| 2024 Q4 | 508.7 | 508.7 | real year on year −2.8% |
| 2023 Q4 | 508.4 | 523.4 | real year on year −6.5% |
| 2022 Q4 | 522.5 | 560.0 | real year on year −11.8% |
| 2021 Q4 | 548.3 | 634.8 | real year on year +10.1% |
| 2020 Q4 | 475.6 | 576.5 | real year on year +1.4% |
| 2019 Q4 | 463.5 | 568.7 | real year on year +3.9% |
| 2018 Q4 | 438.0 | 547.2 | real year on year +3.8% |
| 2017 Q4 | 412.0 | 527.2 | real year on year +5.5% |
| 2016 Q4 | 382.3 | 499.7 | real year on year +3.4% |
| 2015 Q4 | 365.3 | 483.5 | real year on year +16.8% |
| 2014 Q4 | 312.4 | 413.9 | real year on year +10.0% |
| 2013 Q4 | 279.6 | 376.4 | real year on year +14.0% |
| 2012 Q4 | 241.8 | 330.3 | real year on year +8.6% |
| 2011 Q4 | 218.1 | 304.1 | real year on year −5.9% |
| 2010 Q4 | 224.6 | 323.1 | real year on year −3.2% |
| 2009 Q4 | 228.4 | 333.9 | real year on year −1.1% |
| 2008 Q4 | 231.7 | 337.6 | real year on year −18.3% |
| 2007 Q4 | 273.0 | 413.0 | real year on year +6.5% |
| 2006 Q4 | 249.3 | 387.9 | real year on year −11.3% |
| 2005 Q4 | 272.2 | 437.3 | real year on year +5.6% |
| 2004 Q4 | 249.4 | 414.2 | real year on year +13.8% |
| 2003 Q4 | 213.5 | 364.0 | real year on year +2.6% |
| 2002 Q4 | 203.4 | 354.7 | real year on year +11.4% |
| 2001 Q4 | 179.7 | 318.4 | real year on year +0.2% |
| 2000 Q4 | 174.5 | 317.9 | real year on year +17.3% |
| 1999 Q4 | 143.9 | 270.9 | real year on year +17.6% |
| 1998 Q4 | 119.7 | 230.4 | real year on year +13.7% |
| 1997 Q4 | 103.6 | 202.5 | real year on year +5.3% |
| 1996 Q4 | 96.2 | 192.4 | real year on year +3.7% |
| 1995 Q4 | 90.2 | 185.6 | real year on year −3.1% |
| 1994 Q4 | 90.5 | 191.6 | real year on year −4.0% |
| 1993 Q4 | 91.9 | 199.5 | real year on year −6.5% |
| 1992 Q4 | 95.4 | 213.2 | real year on year −6.8% |
| 1991 Q4 | 99.3 | 228.7 | — |
2026 Q2532 · real 532real year on year +2.8%
2025 Q4517 · real 517real year on year +1.6%
2024 Q4509 · real 509real year on year −2.8%
2023 Q4508 · real 523real year on year −6.5%
2022 Q4522 · real 560real year on year −11.8%
2021 Q4548 · real 635real year on year +10.1%
2020 Q4476 · real 576real year on year +1.4%
2019 Q4463 · real 569real year on year +3.9%
2018 Q4438 · real 547real year on year +3.8%
2017 Q4412 · real 527real year on year +5.5%
2016 Q4382 · real 500real year on year +3.4%
2015 Q4365 · real 483real year on year +16.8%
Show all 36 years
2014 Q4312 · real 414real year on year +10.0%
2013 Q4280 · real 376real year on year +14.0%
2012 Q4242 · real 330real year on year +8.6%
2011 Q4218 · real 304real year on year −5.9%
2010 Q4225 · real 323real year on year −3.2%
2009 Q4228 · real 334real year on year −1.1%
2008 Q4232 · real 338real year on year −18.3%
2007 Q4273 · real 413real year on year +6.5%
2006 Q4249 · real 388real year on year −11.3%
2005 Q4272 · real 437real year on year +5.6%
2004 Q4249 · real 414real year on year +13.8%
2003 Q4213 · real 364real year on year +2.6%
2002 Q4203 · real 355real year on year +11.4%
2001 Q4180 · real 318real year on year +0.2%
2000 Q4175 · real 318real year on year +17.3%
1999 Q4144 · real 271real year on year +17.6%
1998 Q4120 · real 230real year on year +13.7%
1997 Q4104 · real 203real year on year +5.3%
1996 Q496 · real 192real year on year +3.7%
1995 Q490 · real 186real year on year −3.1%
1994 Q491 · real 192real year on year −4.0%
1993 Q492 · real 199real year on year −6.5%
1992 Q495 · real 213real year on year −6.8%
1991 Q499 · real 229—
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 41884. Real terms by the World Bank's US consumer price index, annual.