ZIP 94102 Housing Market & Real Estate Update: Rates ease, inventory stays lean
94102 – February 25, 2026 – Mortgage rates eased and inventory stayed tight in ZIP 94102 today. Quick snapshot of prices, rents, and listings.
ZIP 94102 (San Francisco, CA) stayed in a tight-inventory pattern heading into late February, but borrowing costs are giving buyers a little more breathing room.
Top takeaways
- Mortgage rates moved lower again (Freddie Mac’s 30-year average was 6.01% as of Feb. 19, 2026).
- Inventory remains limited: Zillow showed 21 homes for sale in 94102 as of Jan. 31, and Redfin showed 37 active listings at the time of review.
- Recent price reads look steady: Redfin’s Jan. 2026 median sale price was $725,750 (+0.2% YoY), while Zillow’s typical value estimate was $693,221 (down 1.5% YoY).
- Rents are still firm: Zillow’s average rent was $3,043 for January, up 10.2% year over year.
Market snapshot
Prices: Zillow’s ZIP-level ‘typical home value’ for 94102 was $693,221 (data through Jan. 31, 2026). Redfin’s ZIP trends showed a median sale price of $725,750 in Jan. 2026. These measures track different baskets of homes, but together they point to a market that is stabilizing rather than accelerating.
Inventory: On the supply side, Zillow reported 21 homes for sale as of Jan. 31. Redfin’s active search results showed 37 homes. In a condo-heavy ZIP like 94102, the mix matters (studio vs. 2-bed vs. TIC), so watch how quickly well-priced units go pending.
Negotiation temperature: Realtor.com’s ZIP overview includes a sales activity snapshot and sale-to-list metrics (note: the page may lag the newest month). Use it as context alongside the more recent rate and pricing reads above.
Rates watch (why this week matters)
Freddie Mac’s Primary Mortgage Market Survey put the 30-year fixed at 6.01% as of Feb. 19, 2026 (down from 6.09% the prior week). Even small drops can expand monthly buying power in high-cost markets and can pull rate-sensitive buyers back into touring mode.
Permits & development quick note
For owners planning pre-sale upgrades, SF Planning notes that starting Feb. 13, 2026, San Francisco is transitioning to digital permitting services for certain in-kind exterior replacements (doors, windows, siding). Separately, SF Planning’s Family Zoning Plan page notes the plan was signed in December 2025 and took effect in January 2026, a longer-term backdrop that could influence where additional housing is allowed citywide.
What’s for sale nearby (no street addresses)
Current 94102 listing feeds show a wide spread. Examples include smaller studios (one listed around $328K at roughly 463 sq ft), mid-range condos (a 2-bed/2-bath unit listed around $695K), and larger 4-bed options (one listed around $1.495M). If you’re shopping, set alerts for both ‘new listings’ and ‘back on market’ – those can surface value and motivated sellers.
ServiceXTC local pros
No ServiceXTC directory matches were found for ZIP 94102 in this run. If you are a local inspector, contractor, or trade pro serving 94102, consider getting listed so buyers and sellers can find you when timelines get tight.
Sources
https://www.redfin.com/zipcode/94102
https://www.zillow.com/home-values/97557/san-francisco-ca-94102/
https://www.realtor.com/realestateandhomes-search/94102/overview
https://www.freddiemac.com/pmms
https://sfplanning.org/zoning
https://sfplanning.org/sf-family-zoning-plan
What are you seeing in 94102 right now – more price cuts, more competition, or more renters deciding to buy?