Median sales price

Median price is not the same as average price. When looking at all the homes sold in a Zip code, the median price represents the midpoint — meaning that half the homes sold for above the price and half sold below it.

Although prices can and do vary from neighborhood to neighborhood, knowing a Zip code’s median price gives you some sense of what homes cost in that area.

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Sales volume

The number of sales in a particular Zip code can be deceiving. Because of their density, some Zip codes will have a greater number of sales than others.

But by looking at the percentage change in sales from one year to the next, it gives an indication of how active or sluggish the housing market is in that particular area.

Top five Zip codes

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Change in median price

Median price is not the same as average price. When looking at all the homes sold in a Zip code, the median price represents the midpoint — meaning half the homes sold above the price and half sold below it.

The change in median price in a Zip code from 2016 to 2017 is shown. Although prices can and do vary from neighborhood to neighborhood, knowing the change in median price indicates whether prices are rising or falling in that Zip code.

Top five Zip codes

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Source: Black Knight.

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