Median home value fun facts
Median home value in the United States is $202,700. United States home values have gone up 6.9% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in the United States is $140.
Median value gives buyers and sellers better indications of market trends as well as consumer sentiment and market conditions. This value is widely used to estimate listing prices of a property. Why wouldn’t you just use mean value you ask? The average can be skewed by a large number of homes in the high or low range. Also houses aren’t all the same and are unique to time, location and features. Averages don’g allow for this rule.
this was copied from zillow.