This San Francisco neighborhood defies the city’s crashing housing market

While most of San Francisco’s housing market is crawling compared to pre-pandemic times, one neighborhood remains resilient: the Sunset District.

Most of the city is seeing homes sit on the market for longer periods, but that area is still attracting buyers at nearly pre-COVID speeds — making it one of the few bright spots in an otherwise sluggish real estate environment.

According to data from Redfin, homes in the Sunset’s 94122 and 94116 ZIP codes sold in a median of two weeks between June and August 2024, a pace almost identical to the same period in 2019 when the median was 16 days, the San Francisco Chronicle reported.

The adjacent 94127 ZIP code also showed similar strength, with homes selling in a median of 14 days this year, down just one day from the 15-day median five years ago.

https://img.particlenews.com/image.php?url=203N8P_0wFuO1tI00
In the Sunset’s 94122 and 94116 ZIP codes, homes sold in a median of two weeks from June to August 2024, similar to 2019, while the overall median for San Francisco rose to 35 days. Wollwerth Imagery – stock.adobe.com

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