Local Market Updates
Median Sales Price of San Francisco vs Mission Dolores
Comparing the median sales price between San Francisco and Mission Dolores reveals that, despite the fluctuating housing market, Mission Dolores offers a more affordable alternative. While San Francisco experienced a 6.7% decrease in home prices in 2023 compared to 2022, selling for a median price of $1.2M, Mission Dolores saw a notable increase of 76.0% in home prices over the same period, with properties selling for a median price of $1.4M. This indicates that, although both areas are affected by market conditions and demand, Mission Dolores presents a relatively budget-friendly option in contrast to the higher prices typically associated with San Francisco.
Days on Market of San Francisco vs Mission Dolores
When considering San Francisco, homes typically sell within an average of 52 days, whereas properties in Mission Dolores tend to have a significantly shorter selling period, with houses selling within an average of just 16 days.
Percent of Original Price of San Francisco vs Mission Dolores
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.