Advice Topics
- Buying (205)
- Selling (215)
- Renting (41)
- Market News & Trends (12)
- Finance & Legal Info (97)
- Tips & Advice (98)
- Working With an Agent (54)
- Marketing (4)
- Investing (16)
- Affordable Housing (18)
- Green Housing (2)
- Schools (1)
- Remodeling (32)
- International Real Estate (8)
- Terms & Definitions (27)
- Home Loans (15)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
Why would median list price be different than home value?
Why would median list price be different than home value? I'm finding different numbers for the areas that I'm searching in and I don't understand the difference. What's more accurate?
Asked By Sofia | Miami, FL | 764 views | Terms Definitions | Created 1 year ago
Answer(2)
Sami Vecchiolla
COMPASS GREATER NY LLC
Median price is a collection of all of the homes in the specified area and a homes value is specific to what the buyer is willing to pay for the particular property listed.
- 1 month ago
Helpful (0)
Unhelpful (0)
Adrian Tridel
Adrian Edwards
The median list price and home value can differ because the list price reflects what sellers hope to get, influenced by their expectations and market optimism, while home value, often determined by appraisals or market analyses, represents a more objective estimate based on comparable sales and market conditions.
- 1 year ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
What is a quick sale in real estate?
What is a quick sale in real estate?
- Asked by Ari M
- San Jose, CA
- 3542 views
- Terms & Definitions
- Updated 1 day ago
-
What is the purpose of an escrow?
I don't own a home but hope to this spring. I've heard people talk about escrow, but I have no idea what it is or why I need it. Can you help me?
- Asked by Meredith K
- Greenwich, CT
- 1455 views
- Terms & Definitions
- Created 2 years ago