Local Market Updates
Median Sales Price of San Francisco vs Forest Knolls
Based on the market condition, limited space and demand, the housing market fluctuates. However, Forest Knolls as compared to San Francisco offers a more affordable alternative with its median sales prices to be fair, providing a budget-friendly option. Comparing the median sales price between San Francisco and Forest Knolls reveals that the former has higher prices for its high demand.
The home prices of San Francisco was down by 6.7% in 2023 as compared to 2022 selling for a median price of $1.2M while Forest Knolls’ home price was down 57.2% selling for a median price of $1.2M.
Days on Market of San Francisco vs Forest Knolls
Various factors determine the average days a house remains on the market. The factors are market conditions or the neighborhood that leads to higher or shorter selling periods.
When we talk about San Francisco, its homes sell within 52 days as compared to Forest Knolls’ houses that sell within 90 days.
Percent of Original Price of San Francisco vs Forest Knolls
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.