653 Dolores Street recorded as sold for $6.65 million, the highest price in Mission in two years

$6,650,000 — and nothing in the city had touched that in two years

The prior 24-month ceiling for San Francisco home sales was $5,200,000. The sale at 653 Dolores Street, recorded as sold on August 22, 2026, cleared it by $1,450,000 — a 27.9 percent jump over a record that had stood since mid-2024. That gap is the headline. Everything else is context.

What the record bought

Three bedrooms across 5,351 square feet on a 14,891-square-foot lot. The bedroom count relative to the floor plate suggests the interior has been configured for something other than headcount — whether that is entertaining space, work space, or something else, the record does not say. The lot, at nearly 15,000 square feet, is the kind of parcel that rarely surfaces in San Francisco and almost certainly anchors the price as much as the structure does.

Where it sits in the market

Among the 138 sales recorded in San Francisco over the last 180 days, 653 Dolores Street lands at the 97th percentile by price. Only three of those 138 sales recorded above it. The citywide median sale price over that same window is $1,412,500 — meaning 653 Dolores traded at 4.7 times the median. At $1,243 per square foot, it came in above the citywide median of $1,200 per square foot, though by a narrower margin than the raw price multiple suggests.

That divergence — 4.7 times the median price, but only 3.6 percent above the median price per foot — is the more interesting read. It reflects size doing the work. The city's median home in this dataset runs 1,196 square feet. At 5,351 square feet, 653 Dolores is 4.5 times larger than the typical sale, which explains why the price gap is so much wider than the per-foot gap.

Recent comparable sales

One comp, one data point: the only other sale in San Francisco's 4,281–6,421 square foot band in the last 180 days traded at $6,850,000 — $200,000 above Dolores — but on a 2,060-square-foot lot versus 14,891 square feet, and at $1,319 per foot versus $1,243. The two-sale band has a median of $6,750,000 and a median per-foot of $1,281. Dolores came in below both on a per-foot basis, which is notable given that its lot is roughly seven times larger.

Outlier or top of a trend

With only two sales in the size band and zero comparable data from the same 180-day window a year ago, the honest answer is that 653 Dolores Street is an outlier — not because the price is irrational, but because the dataset offers no trend line to attach it to. A single prior high of $5,200,000, a 27.9 percent breach of that high, and two data points in the relevant size band do not constitute a pattern. They constitute a data point worth watching.

What the record does establish is a new floor for what San Francisco's very top of market looks like in 2026: $6.65 million, with a lot that most buyers in this city will never have access to.

What it means depending on where you sit

If you are a buyer shopping anywhere near this price range, 653 Dolores and 2445 Buchanan are now the two transactions that appraisers and agents will anchor to. Both cleared $6.8 million in per-foot terms when lot value is stripped out, and neither is a distressed or atypical sale.

If you own a large home in San Francisco, the gap between your property and the citywide median — $1,412,500 across 138 sales — is wide enough that market-level statistics are close to useless for your specific situation. The only numbers that matter are the two in the size band.

If you are undecided, the absence of year-over-year comp data for this size band cuts both ways: there is no evidence of acceleration, and no evidence of softening. What there is, recorded as sold on August 22, is a new ceiling — and the city has not seen one this high in two years.

Tim McMullen · Tim McMullen, Broker · CA DRE #02016832
[email protected] · (415) 691-9272