Local Market Updates
Median Sales Price of San Francisco vs Clarendon Heights
Comparing the median sales price between San Francisco and Clarendon Heights reveals that the former has higher prices due to its high demand, while Clarendon Heights offers a more budget-friendly alternative. In 2023, the median home prices in San Francisco decreased by 6.7% compared to the previous year, selling for a median price of $1.2 million. In contrast, Clarendon Heights experienced a larger decrease of 17.7% in median home prices, selling for a median price of $584,000.
Days on Market of San Francisco vs Clarendon Heights
When comparing the average days homes remain on the market between San Francisco and Clarendon Heights, it’s apparent that properties in San Francisco generally sell faster, with an average of 52 days, compared to Clarendon Heights’ houses, which typically sell within 100 days. This suggests that while both areas may experience varying market conditions, homes in San Francisco tend to attract buyers more quickly.
Percent of Original Price of San Francisco vs Clarendon Heights
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.