The average home price in San Francisco is now just below $1 million.
San Francisco Business Times cited a February study from Redfin Research Center reporting that the median sale price for a home in San Francisco is $979,750, a 16.2 percent increase from last February's findings.
In the report, Redfin stated that the figure will surpass $1 million in April.
The firm also found that the median sale price in Oakland is $449,400 and $842,000 in San Jose.
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At the other end of the spectrum, Indianapolis, IN had the lowest reported median sale price of $135,000.