How long does it take to sell a house?
How long it takes to sell a house can seem at the mercy of wider market factors, but there’s plenty of things sellers can do to help speed up the process.How long does it take to sell a house? -...
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Median Price
The median house price represents the midpoint value of all houses or units sold within a specific timeframe.
What is a median price?
The median house price represents the midpoint value of all houses or units sold within a specific timeframe. It is calculated by arranging all the sale prices in ascending order and identifying the price that falls exactly in the middle.
Why is knowing the median price important?
The median house price serves as a reliable measure of the typical price within the market because it is less susceptible to the influence of outliers or extreme values compared to the average price. Unlike the average, which can be heavily influenced by exceptionally high or low sale prices, the median represents the middle point of all sale prices.
What is the median house price in Australia?
As of 2024, the median house price across all of Australia’s capital cities is just over $950,000. Out of these cities, Sydney is the most expensive while Tasmania is deemed the most affordable.
Talk to a local agent about market performance
Is now a good time to sell? Talk to a top agent about market performance in your area.
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