San Francisco's Median House Price Hits a New High: $1.6 Million

Homebuyers in the red-hot San Francisco real estate market appear to be unfazed by stock-market volatility and tax-law changes.

The median sale price of a house in the city soared to $1.6 million in the first quarter, an almost 24 percent jump from a year earlier, according to a new report from Paragon Real Estate Group. That topped the previous high in the final three months of last year by $100,000.