Median sales price
Median price is not the same as average price. When
looking at all the homes sold in a Zip code, the median
price represents the midpoint — meaning that half the
homes sold for above the price and half sold below it.
Although prices can and do vary from neighborhood to
neighborhood, knowing a Zip code’s median price gives
you some sense of what homes cost in that area.
Top five Zip codes
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Days on market
Days on market is a median, not an average,
measurement, meaning that half the homes were on the
market for less time and half of were on the market
longer.
Knowing how long it takes a house to sell can
tell you whether it is a buyer’s or seller’s market.
Houses that sell quickly usually point to a seller’s
market, meaning you have little room for negotiation.
Houses that linger on the market usually signify a
buyer’s market, meaning you have a better chance of
negotiating.
Top five Zip codes
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Change in median price
Median price is not the same as average price. When looking at
all the homes sold in a Zip code, the median price represents
the midpoint – meaning half the homes sold above the price and
half sold below it.
The change in median price in a Zip code from 2015 to 2016 is
shown. Although prices can and do vary from neighborhood to
neighborhood, knowing the change in median price indicates
whether prices are rising or falling in that Zip code.
Top five Zip codes
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