Local Market Updates
Median Sales Price of San Francisco vs Alamo Square
In terms of housing market conditions, the limited space and demand contribute to fluctuations. However, Alamo Square presents a more affordable option compared to the broader San Francisco area, with its median sales prices being relatively fair. When comparing median sales prices between San Francisco and Alamo Square, it becomes evident that the latter offers more budget-friendly alternatives. For instance, while the median home prices in San Francisco experienced a decline of 6.7% in 2023 compared to 2022, selling for a median price of $1.2 million, Alamo Square saw an increase of 9.8% over the same period, with homes selling for a median price of $900,000.
Days on Market of San Francisco vs Alamo Square
The average number of days a house remains on the market is influenced by various factors, including market conditions and the characteristics of the neighborhood, which can result in longer or shorter selling periods.
In the case of San Francisco, homes typically sell within an average of 52 days. However, in Alamo Square, houses tend to sell at a faster pace, with an average selling period of just 34 days.
Percent of Original Price of San Francisco vs Alamo Square
The “Percent of Original Price” is a metric calculated by dividing the final sale price of a property by its most recent listing price.
In general, factors such as high demand, limited housing supply, and the desirability of a neighborhood can influence whether properties sell below or above their most recent listing listing price.