What is the Median Price in San Mateo County?
Let’s say three homes sold last month. One sold for $180,000, one for $550,000 and one for $1,200,000. The median price for that month would be $550,000. The median isn’t an average, but simply the middle number in a set of numbers, meaning that half the homes sold in San Mateo County sold for less than the median number. In June 2009, the median price in San Mateo County was $765,000. The median price just two months ago was $610,000 (April 2009) and in January 2009, the median price was at a low of $553,750. Since January, we’ve been on a steady upswing as the graph above shows. What is the Average Price in San Mateo County? The average price in San Mateo County is quite a bit higher this month, at $945,717. But again, that doesn’t mean every home costs $945,717, or even close to it. In fact, the most expensive home sold last month in San Mateo County sold for $5,500,000 in Atherton and the least expensive home sold for $150,000 in East Palo Alto. The mathematical average is calculat
