Local Market Updates
Median Sales Price of San Francisco vs Crocker Amazon
In light of market conditions, space constraints, and demand fluctuations, the housing market experiences variability. However, Crocker Amazon stands out as a more affordable option compared to San Francisco, offering median sales prices that are more budget-friendly. A comparison of median sales prices between the two areas reveals that San Francisco commands higher prices due to its heightened demand. In 2023, San Francisco saw a decrease of 6.7% in home prices compared to 2022, with a median price of $1.2 million. Conversely, in February 2024, Crocker Amazon experienced a 4.1% decline in home prices compared to the previous year, with a median price of $1.0 million.
Days on Market of San Francisco vs Crocker Amazon
In San Francisco, homes typically sell within 52 days, whereas in Crocker Amazon, houses tend to sell within a shorter time frame of 32 days. These variations in selling periods can be attributed to factors such as market conditions and the characteristics of the neighborhood, which influence buyer demand and the pace of property transactions.
Percent of Original Price of San Francisco vs Crocker Amazon
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.