Local Market Updates
Median Sales Price of San Francisco vs Sunnyside
In light of market conditions, limited space, and demand fluctuations, the housing market experiences variability. However, Sunnyside presents a comparatively affordable option within San Francisco, with its median sales prices considered fair, offering a budget-friendly alternative. When contrasting the median sales prices of San Francisco with those of Sunnyside, it becomes evident that the former commands higher prices due to its heightened demand. In 2023, the median home prices in San Francisco experienced a decrease of 6.7% compared to 2022, with homes selling for a median price of $1.2M. In contrast, Sunnyside’s home prices witnessed a 5.2% decline from the previous year, with properties selling for a median price of $1.3M.
Days on Market of San Francisco vs Sunnyside
The average number of days a house remains on the market is influenced by several factors, including market conditions and the specific characteristics of the neighborhood, which can lead to varying selling periods. In San Francisco, homes typically sell within an average of 52 days, whereas in Sunnyside, houses tend to sell slightly quicker, within an average of 49 days. This difference in selling periods may be attributed to a range of factors such as demand, pricing dynamics, and the overall attractiveness of the neighborhood to prospective buyers.
Percent of Original Price of San Francisco vs Sunnyside
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.