Local Market Updates
Median Sales Price of San Francisco vs Central Waterfront/ Dogpatch
In 2023, the housing market in San Francisco experienced a decline of 6.7% in median home prices compared to 2022, with properties selling for a median price of $1.2 million. Meanwhile, in February 2024, Central Waterfront saw a decrease of 5.6% in median home prices compared to the previous year, with homes selling for a median price of $883,000. Despite these fluctuations, Central Waterfront remains a more affordable alternative to San Francisco, offering budget-friendly options for homebuyers seeking value amidst limited space and high demand. Comparing the median sales prices between the two areas further highlights San Francisco’s higher prices driven by its strong demand in the housing market.
Days on Market of San Francisco vs Central Waterfront/ Dogpatch
When it comes to the housing market in San Francisco, homes typically sell within an average of 52 days, reflecting the dynamic nature of the city’s real estate landscape. In contrast, properties in the Central Waterfront/Dogpatch area boast significantly shorter selling periods, with houses typically being snapped up within just 23 days. This stark contrast highlights the influence of neighborhood dynamics on the speed of home sales, with Central Waterfront/Dogpatch presenting a particularly brisk market compared to the broader San Francisco area.
Percent of Original Price of San Francisco vs Central Waterfront/ Dogpatch
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.