Median sale price data is determined by the price of the properties that falls in the middle of the total number of properties sold over a period. This information aims to provide you further detail on market trends in the area for similar properties to the one you are looking at to help inform your next steps.
To determine in the median, recently sold property prices are sorted in value order and the middle value is selected. For instance, if the sale price of three separate properties with four bedrooms in Glenroy, Victoria were to be $600 000, $620 000 and $700 000 then the median sale price for the area would be $620 000.
To explore more information on where we source this information, click here.