Local Market Updates
Median Sales Price of San Francisco vs Corona Heights
Comparing the median sales prices between San Francisco and Corona Heights reveals that while San Francisco’s housing market experienced a decrease of 6.7% in 2023 compared to 2022, selling for a median price of $1.2 million, Corona Heights saw a slight increase of 0.5% during the same period, with homes selling for a median price of $1.5 million. Despite the fluctuating market conditions and limited space, Corona Heights presents a more affordable alternative to San Francisco, offering a budget-friendly option for prospective homebuyers.
Days on Market of San Francisco vs Corona Heights
When comparing the average days houses remain on the market in San Francisco to those in Corona Heights, it’s evident that Corona Heights’ houses have a shorter selling period. In San Francisco, homes typically sell within 52 days, whereas in Corona Heights, houses sell within a shorter time frame of 42 days. This discrepancy may be influenced by various factors, including market conditions and the desirability of the neighborhood, ultimately impacting the speed of property transactions.
Percent of Original Price of San Francisco vs Corona 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.