Sutro Heights currently leans strongly toward sellers, with the market gauge at 15 indicating a clear seller’s market. Typical home values are around $2,290,000, well above the San Francisco citywide figure of $1,500,000. Homes still command strong interest, with about 80% of sales closing above the asking price and an average sale-to-list ratio of roughly 118%.
Prices have surged over the past year, with typical home values up 52.67% year over year even as they dipped slightly by 0.43% month over month. At the same time, median list prices jumped 36.34% month over month to about $2,382,500, and are projected to reach $2,700,000 next month, suggesting sellers are testing higher price points.
Inventory remains very limited, with just 3 homes for sale and 4 new listings in the latest month, even though that’s a large percentage increase from last year. Homes are taking longer to sell at a median of 49 days on the market, up sharply both month over month and year over year, and pending sales have fallen about 66.67% from a year ago. With values far above the broader city and conditions tilted toward sellers, buyers and sellers alike can benefit from Agent Pronto’s help in finding an agent who understands Sutro Heights’ unique dynamics.
