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The timing is a factor, too. You always want to be able to sell when you want to sell -- so a busier street house also will be more tough to sell in terms of the numbers of days it will take to sell. A quieter street house will always sell more quickly and for a better price.
Erica M Nelson
San Jose School/Education Specialist
Mom of 3 kids under age 8
The 2 Bills gave you good answers, the only thing I would add is all Real Estate prices are based on demand
busy streets are less desireable for the reasons the Bills gave you so there is less demand for the property and they are usually priced lower to attract buyers.
P.S. they also have lower resale value.
I hope this helps, if you have any other questions please feel free to email me at firstname.lastname@example.org or call me at (408)705-6578