Over the past 3 years, an average of 16 fee simple condos sold per year in Nob Hill. This moderate sample size provides a reasonable view of market trends, but some variability may exist.
The Nob Hill graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
Nob Hill Market Summary (February '25 - January '26 vs February '24 - January '25)
Median Sales Price: $508,500 vs $536,500 — down 5.22%
List-to-Sale Price Ratio: 100.79% vs 97.1% — up 3.80%
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
