Local Market Updates
Median Sales Price of San Francisco vs Inner Richmond
Inner Richmond’s landscape is shaped by factors such as its limited space, demand for homes, and a strong economy. Thus, the median sales price of the city is much more competitive compared to previous year’s price. The price of homes in this area has risen up to 0.5% compared to previous year, selling for a median price of $1.8M.
Days on Market of San Francisco vs Inner Richmond
The average number of days Inner Richmond’s homes remain on the market is 27 as compared to previous year. Thus, the housing market is very competitive in Inner Richmond.
Percent of Original Price of San Francisco vs Inner Richmond
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.