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Why Median Home Price is More Accurate Than The Average Home Price

Writer's picture: tannerpile22tannerpile22

Check out this example of seven properties and how different the numbers can be portrayed when looking at the median and average home prices:


$100,000 (foreclosure) $150,000 (short sale) $175,000 (traditional sale) $200,000 (traditional sale) $225,000 (traditional sale) $250,000 (traditional sale) $6,000,000 (estate)

Average (Mean): $1,014,286 Median: $200,000


The average can be skewed by outliers in a specific market. The median will give a better representation of what most of the real estate in a market will be sold at. Each property is different and you should always get comps on a property when you're looking to buy or sell any real estate.







“What Is the Difference between Median Sales Price & Average Sales Price?” ShowingTime, www.showingtime.com/blog/what-is-the-difference-between-median-sales-price-average-sales-price/#:~:text=Many%20times%2C%20one%20would%20think,median%20is%20the%20better%20option. Accessed 8 May 2023.



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