Local Market Updates
Median Sales Price of San Francisco vs Ingleside Terrace
In the San Francisco housing scene, the differences between Ingleside Terraces and the city overall show interesting trends. In January 2024, Ingleside Terraces saw home prices go up by 0.7%, reaching a median price of $2.2 million. Meanwhile, in February 2024, the entire city of San Francisco experienced a bigger increase of 3.6%, with median home prices hitting $1.4 million. This shows that while Ingleside Terraces had a smaller rise, the city as a whole had a larger one. It highlights how different parts of San Francisco have their own factors affecting housing prices, like location and local demand, shaping how values change over time.
Days on Market of San Francisco vs Ingleside Terrace
The average number of days a house remains on the market is influenced by various factors, including market conditions and neighborhood characteristics, which can result in longer or shorter selling periods.
In the context of San Francisco, homes typically sell within 52 days, whereas houses in Ingleside Terrace boast a shorter average selling period of 22 days. These differences may be attributed to factors such as demand, pricing, location, and overall desirability of the neighborhood, all of which contribute to the pace of home sales in each respective area.
Percent of Original Price of San Francisco vs Ingleside Terrace
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.