Local Market Updates
Median Sales Price of San Francisco vs Duboce Triangle
Comparing the median sales price between San Francisco and Duboce Triangle, it’s evident that the former commands higher prices due to its high demand, whereas Duboce Triangle offers a more affordable alternative with fair median sales prices. Despite the fluctuations in the housing market, San Francisco saw a decrease of 6.7% in home prices in 2023 compared to 2022, with a median price of $1.2M. Conversely, Duboce Triangle experienced an increase of 22.6% in home prices during the same period, selling for a median price of $1.4M, indicating its growing popularity as a budget-friendly option amidst the competitive San Francisco real estate landscape.
Days on Market of San Francisco vs Duboce Triangle
When comparing the average days houses remain on the market, San Francisco homes typically sell within 52 days, while houses in Duboce Triangle sell significantly faster, within just 16 days. This discrepancy can be attributed to various factors including market conditions and neighborhood desirability, with Duboce Triangle likely experiencing higher demand and limited inventory, leading to shorter selling periods compared to the broader San Francisco market.
Percent of Original Price of San Francisco vs Duboce Triangle
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.