Local Market Updates
Median Sales Price of San Francisco vs Lakeside
Lakeside as compared to San Francisco offers homebuyers 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 Lakeside 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 Lakeside’s home price was up by 20.0% selling for a median price of $780K.
Days on Market of San Francisco vs Lakeside
The average days on market in San Francisco can differ according to some factors such as the market conditions as well as the neighborhood that leads to shorter or higher selling periods as compared to Lakeside.
Thus, on average San Francisco’s homes sell within 52 days as compared to Lakeside’s houses that sell within 22 days.
Percent of Original Price of San Francisco vs Lakeside
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.