Perhaps I have missed something based on your question, median listing price and median sale price is = to same thing? Or are you asking sales price on submitting an offer? Your buyers agent would be able assist you what is your best interest in submitting an offer, than low ball offer which can turn the listing agent and seller against you. Without all facts difficult make a comment on your behalf.
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Voy,
Median, listing and Median Selling means for the properties compared.
List price means what the seller is asking - This sometimes means what he/she expects and sometimes means a slight to high percentage over - depending on that particular seller and his/her thinking and how much control the listing agent has.
Selling price has to do with 'Willing Buyer - Willing Seller '
Margaret

Voy, Great question, but not so easy to answer. Likely only about 3% difference between ask price and list price, but it could depend on the neighborhood too. That doesn't always give you an idea on what to offer though. You really have to look at the property, the situation, and your own situation as to what to offer and how much to offer. The property could be priced to sell and attract multiple offers. If that is the case and you bid 3% under the asking price, you may not get the property. If it is in a hot neighborhood that could also be the case. If the house is overpriced by 10% and been on the market a year, maybe you want to bid 20% under the asking price. How important is it to you to get that particular house? Do you like all the homes you see or have you looked at 100 and only liked this one? In the first case perhaps you bid aggressively on all properties. Maybe you'll have to go through 9 or 10 houses to get one. If you are the second case, bid like you want no one else to beat you to it. Your realtor can help determine what your individual situation is and help you bid appropriately.

Voy,
Remember Median and Average are different, what a house lists for often times has absolutely nothing to do with its real value. There are many variables to take into account, in what the sales price is compared to list price. A good Realtor can help determine real value of a home and what a good offer would be to purchase.
The house maybe listed at $200K and only worth $150K so the reasonable offer would be $145K asking the seller to pay buyers closing costs, or in maybe listed at $200K and worth $275K and just put on the market, so a reasonable offer would be $200K asap and get it under contract before someone else realizes what a value it is. Hope this helps.
Jay Warren
REALTOR
512.864.5657

Voy,

If the property is worth $200,000, it's not a wrong choice to offer $200,000. If someone else bought it because they offered more, would you be upset? Find the value first, then structure your offer. Recent comparable sales and current pendings are your best guage to structure your offers.

Are you referring to Austin's median or a neighborhoods, wither way, I don't know that market but if there's a large gap in the asking and sold median's, it's often because listing prices are not reasonable.

A very good professional who knows your area will be able to advise you. There's a lot of info behind the scenes that your agent can try and find out that would assist in the structure of the offer. For example, why are seller's selling? Are they in foreclosure? Divorce? Have they made an offer on a "must have" home that makes them really serious sellers? And what's your situation? Pre-approved I trust. How much of a down payment? Paying Cash? Contingencies or clean offer?

Mike Bodeen

btw: My nephew is much cuter than I, so his mug replaces mine.

Hi Voy, give me a call and i will get an agent to work with you in Austin , I live in Sugar land Tx. Give me a call.281-914-6022

Voy, There is no set amount or percentage that a seller will take for their property. I've heard people say 5% less than asking, but some will not budge and others really need to sell and have the ability to do so. If the seller is listed with a Realtor he/she knows the approximate value of their home from the comps.

As for you making an offer your agent should help you with that. I tell my buyers what I think the house is worth, but ultimately my clients choose what to offer with my guidance. Every buyer wants the best deal they can get.

If you'd like to send me the info on the house I can look it up for you.

Good luck!
Starlet