What is median days to sell?
The median number of days a property similar to yours takes to sell. Days to sell is measured from the date a property is listed as for sale on homes.co.nz to the date that it is sold. The sale date is sourced from our agent-supplied sale records and/or council sale records.
For example, you own a 3 bed, 2 bath townhouse in Waiwhetu. Based on the three relevant sales in the area this would be the median:
Sale 1: 12 Mark Street, Waiwhetu - 55 days
Sale 2: 67 Sam Street, Waiwhetu - 35 days (This is the median)
Sale 3: 35 Paul Street, Waiwhetu - 33 days
The percentage difference is calculated by comparing the current 180-day period with the previous 180-day period. For example, Dec 2022 - Jun 2022 VS Jun 2022 - Jan 2022.
This data is updated daily.
What is median sale price?
The median price properties similar to yours have sold for. We only use the sale prices from council-confirmed sales as these are public record. For example, you claim a 3 bed, 2 bath townhouse in Waiwhetu. Based on the four relevant sales in the ...
Why is median sale price in market insights different from my HomesEstimate?
The median sale price and the HomesEstimate are two different numbers calculated in different ways. The median sale price is simply the middle value in a range of other values. For example, you claim a 3 bed, 2 bath townhouse in Waiwhetu. Based on ...
Why should I claim my home on Homes.co.nz?
Once you claim a home on homes.co.nz, you can: Get more data for your property Understand the days to sell and median sold price for properties like yours so you know what's happening in the market. Track your home’s value Stay informed about the ...
Is a HomesEstimate a formal valuation?
Absolutely not. The HomesEstimate is not a formal valuation and you won't be able to use it in place of a valuation, though you can certainly share it with real estate professionals. It is a computer-generated estimate of the worth of a house today, ...
If you have received a recent CMA from a Real Estate Agent or a formal valuation report
If you have received a formal valuation report from a registered valuer or a recent comparative market analysis (CMA) from a Real Estate Agent, you can help us improve the accuracy of your HomesEstimate. To update your HomesEstime using a formal ...