Local Market Updates
Median Sales Price of San Francisco vs Central Richmond
Central Richmond’s landscape is shaped by factors such as its limited space, demand for homes, and a strong economy. Thus, the median sales price of the city is competitive. The price of homes has risen up to 5.7% compared to previous year, selling for a median price of $365,000.
Days on Market of San Francisco vs Central Richmond
Central Richmond’s house gets sold within 16 days of listing as compared to previous year. It was 18 days on the market in the previous year. Thus, the housing market is quite competitive in Central Richmond.
Percent of Original Price of San Francisco vs Central Richmond
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.