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San Francisco, CA New Homes Under $1.2 Million

5 Communities

The San Francisco Shipyard - Madison by Lennar in San Francisco California
Home in The San Francisco Shipyard - Madison by Lennar
Home in The San Francisco Shipyard - Madison by Lennar

$384,000 - $689,000

The San Francisco Shipyard - Madison

San Francisco, CA 94124

10 Homes

14 Floor Plans

Lennar

3.7

Verandah by Landsea Homes in San Francisco California
Home in Verandah by Landsea Homes
Home in Verandah by Landsea Homes
Up to $79,000

$759,309 - $972,425

Verandah

Novato, CA 94945

3 Homes

3 Floor Plans

Landsea Homes

Lofton at Portola by Tri Pointe Homes in San Francisco California
Home in Lofton at Portola by Tri Pointe Homes
Home in Lofton at Portola by Tri Pointe Homes

$998,900 - $1,360,900

Lofton at Portola

San Francisco, CA 94134

2 Homes

5 Floor Plans

Hot Deal

Tri Pointe Homes

Serif by DM Development in San Francisco California
Serif by DM Development in San Francisco California

$500,000 - $1,240,000

Serif

San Francisco, CA 94102

4 Floor Plans

DM Development

Union House by DM Development in San Francisco California
Union House by DM Development in San Francisco California

$1,195,000 - $8,500,000

Union House

San Francisco, CA 94123

21 Floor Plans

DM Development

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Market Snapshot

New Homes in San Francisco by Region

RegionCommunitiesAverage New Home Price
Central San Francisco 11$1,254,000
East San Francisco 14$734,000
North San Francisco 11$1,572,000
San Francisco Bay 105$1,080,000
South San Francisco 2$1,049,000

New Home Cities in San Francisco

CityCommunitiesAverage New Home Price
San Francisco2$693,998
Novato1$859,067
Foster City1$1,814,000

San Francisco, CA features many of the best home builder communities in California, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in San Francisco has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the San Francisco area. In fact, there are 5 communities and 4 builders in San Francisco with homes starting at under $1.2 million.

How to Find Homes in San Francisco for Less than $1.2 million?

Many builders recognize there is growing demand in the San Francisco area for homes under the $1.2 million price point and often have a few floor plans available, but these may be in limited supply. These brand new homes are relatively affordable. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices. Like any new home, you are likely to have the low maintenance and lower cost of ownership that makes new construciton a good value in San Francisco.