Median sales price is that price at which half the sales occurred for more and half for less. It is a very general statistic, which typically disguises a huge range of prices in the underlying individual sales. It can be affected by other factors besides changes to fair market value, such as seasonality, inventory available to purchase, interest rates, and significant changes in the luxury, new-construction or distressed-home market segments. Homes in different communities often cannot be compared on an apples-to-apples basis , but median sales prices do give an indication of comparative home values and longer term trends in home prices.
How a city’s median sales price or average dollar per square foot value applies to a particular property is unknown without a specific comparative market analysis. Note that when the time period for the analysis is changed, the median price will usually change as well.
Where to Buy a Home for the Price You Want to Pay
Average House Sizes by City
Individual City Price Trends
Median Home Price Map, 1/1/16 – 5/21/16 MLS Sales
Move cursor over map to reveal median home prices.
Note that median sales prices will usually change if the period being measured is changed even slightly. Especially if the number of sales is relatively small, prices can sometimes fluctuate dramatically, simply depending on the specific homes that sold within the period.
Further analysis of market statistics can be found here: Central Contra Costa Real Estate Market Report
These analyses were made in good faith with data from sources deemed reliable, but they may contain errors and are subject to revision. Statistics are generalities and all numbers should be considered approximate. Sales statistics of one month generally reflect offers negotiated 4 – 6 weeks earlier.