2 Comments
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Jason Finn
Nice tidbit! Fun stuff.
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Thanks, Jason! If nothing else, it’s a good example of how misleading monthly median sale prices can be.
While working on my monthly real estate newsletter, “Maximizing Equity“, one statistic really caught my attention. The median sale price for houses in Lincoln Square for January 2010 was $1.3M! As shown below, it’s well above the monthly median sales prices in Lincoln Square for the past 2 years.

Lincoln Square Monthly Median House Sale Prices January 2008 to January 2010
A closer look revealed that only one Lincoln Square house sale closed in January, 2310 W. Sunnyside, which sold for, you guessed it, $1.3M. Lincoln Square typically has between 4 and 12 house sales each month. January just happened to be an unusual month.
What’s also unusual is that 2310 W. Sunnyside sold well above the asking price of $1.25M. Multiple offers still happen!
Search Lincoln Square Houses For Sale
2 Comments
Nice tidbit! Fun stuff.
Thanks, Jason! If nothing else, it’s a good example of how misleading monthly median sale prices can be.