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Channel: Trulia Voices: Need help understanding median sale price vs average list price
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Answer by Chris Warmuth

Thanks for your question, I hope I can answer it for you in a way that makes sense. If I understand your question properly, it means basically that homes that are being put new on the market (list...

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Answer by James Hsu

An average number is very influenced by the numbers on the extreme. Median number is less influenced. For instance, there are 5 people who's ages are 1, 2, 3, 4 and 55. If we want single number that...

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Answer by Spokane Real Estate Expert - Ross Quintana

Yeah, the two numbers don't work together. It's better to have an agent tell you what is going on in a neighborhood. Otherwise the answers are garbage. plucking two numbers and asking for meaning is...

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Answer by Roxanne Kasperson

The question you pose makes me smile...not because its funny, but because real estate has become such a weird place. Our market is so funny isn't it? Its the same thing I have tried to explain to some...

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Answer by Bruce McKinnon

Good question. First, while I know you stated that you knew the definitions of the two (median and average), to answer, I have to repeat what you already know. Median price = 50% above and below the...

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Answer by Sheltonzz

A more meaningful gauge of home prices is the Case-Shiller report that actually compares the price that a house sold for verus what the same house or same model sold for previously. This is done my...

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Answer by Jamestate2

What is the median home in Geary County, Kansa

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Answer by Chris Hutchens

This is all fine and dandy!! But why does Trulia confuse the issue and these different in different markets? http://www.trulia.com/real_estate/Loveland-Colorado/...

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Answer by T Carter

Everyone so far has made good attempts to answer your question based on the info you gave, but it's really not logical to compare an average list price to a median sales price. The average and median...

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