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 area this would be the median:
Sale 1: 12 Mark Street, Waiwhetu - $1,000,000
Sale 2: 67 Sam Street, Waiwhetu - $950,000 (This is the median)
Sale 3: 35 Paul Street, Waiwhetu - $850,000
Sale 4: 99 Andrew Street, Waiwhetu - TBC (This sale price is not public record yet and to be confirmed by the council so will be ignored when establishing the median).
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.
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 ...
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 ...
How do I claim or unclaim a sale?
Real Estate Agents that have an active Premium Agent profile on homes.co.nz have the ability to associate themselves with a historical sales record on a property. This process is referred to as "Claiming a sale". When an agent has claimed a sale and ...
What is total for sale properties?
The total number of properties that are currently for sale like yours. We include all current properties listed as for sale on homes.co.nz in the count, regardless of when they were listed. For example, you claim a 3 bed, 2 bath townhouse in ...
What are the various Council sales types?
According to Local Government (Rating) Act 2002 all sales transactions needs to be notified to the relevant Territorial Authority (Local Council) as these sales records form part of the next Rating Valuation assessment. Also note that the sale data ...