Regarding Median Sales Price: Are these single family homes only or are all dwellings (condos, duplexes, townhouses) lumped in there as well?

Asked by Jeff, Edina, MN Wed Jul 14, 2010

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6
Jenny C, Other Pro, San Francisco, CA
Fri Jul 16, 2010
Hi Jeff,

Thank you for using Trulia Voices! The median sales price that we display for a location does include all property types we have for the specific area. However, you can adjust the median sales price according to the number of bedrooms. If you have additional questions, please contact us at http://www.trulia.com/help/ask/.

Cheers,

Jenny of Trulia
0 votes
Susan Hoffla…, Agent, Shoreview, MN
Thu Jul 15, 2010
Jeff,
Yep, all single-family housing types are generally included in these calculations. So, sales of multi-family or apartment buildings, duplexes, commercial properties, etc. are excluded from those stats.
Web Reference:  http://www.homestosellmn.com
0 votes
Cameron Piper, Agent, Forest Lake, MN
Wed Jul 14, 2010
Jeff,

Where are you seeing median sales prices being quoted. Sadly, I find that when most housing stats are quoted, they seldom give the criteria. If we knew where you were hearing them, we might be able to get to the bottom of it for you. In my experience median sales price stats are generally quoted for all single family properties be it (single family homes, condos, or townhouses). Duplexs are not often included in these numbers since they are multi family houses.

Cameron Piper
Web Reference:  http://www.campiper.com
0 votes
Brad Anderson, Agent, Maple Grove, MN
Wed Jul 14, 2010
It can be all, or one segment. Look at the criteria on the report.
0 votes
Lenny Frolov, Agent, Brooklyn Park, MN
Wed Jul 14, 2010
Scott is right. The most common stat is with all of those included.
Web Reference:  http://www.lennyfrolov.com
0 votes
Scott Hutchi…, Agent, Lakeville, MN
Wed Jul 14, 2010
Most stats are based off of Single Family, T-homes, and Condos (Single Family Dwelings). I hope this helps. You can get Median for just single family, and/or t-homes, and/or condos.
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