Local Market Updates
Median Sales Price of San Francisco vs Saint Francis Wood
In 2023, San Francisco’s housing market saw a decrease in median home prices by 6.7% compared to 2022, selling for a median price of $1.2 million. In contrast, Saint Francis Wood offered a more affordable alternative, with lower median sales prices. Despite fluctuations in the housing market due to factors like limited space and demand, Saint Francis Wood remained comparatively budget-friendly. It’s worth noting that Ingleside also experienced a decrease in median home prices by 35.5%, selling for a median price of $2.5 million, indicating variations in affordability across different neighborhoods within San Francisco.
Days on Market of San Francisco vs Saint Francis Wood
Various factors influence the average time a house spends on the market, including market conditions and neighborhood characteristics. In San Francisco, homes typically sell within 52 days, whereas in Balboa Terrace, houses tend to sell more quickly, often within just 15 days. This discrepancy can be attributed to factors such as demand, pricing, amenities, and overall desirability of the neighborhood, which can vary significantly between different areas within the city.
Percent of Original Price of San Francisco vs Saint Francis Wood
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.