Local Market Updates
Median Sales Price of San Francisco vs Glen Park
Comparing the median sales price between San Francisco and Glen Park reveals that the former has higher prices due to its high demand, while Glen Park offers a more affordable alternative with fair median sales prices. In 2023, home prices in San Francisco experienced a decrease of 6.7% compared to 2022, with a median price of $1.2 million. In contrast, Glen Park saw an increase in home prices of 19.3% compared to the previous year, selling for a median price of $1.6 million.
Days on Market of San Francisco vs Glen Park
In San Francisco, homes typically sell within 52 days, whereas in Glen Park, houses tend to sell within a much shorter time frame of just 13 days. This discrepancy can be attributed to various factors, including market conditions and the desirability of the neighborhood.
Percent of Original Price of San Francisco vs Glen Park
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.