MARKET STUDY All analysis covers resale homes only. New construction appears once, in its own section. Click any dot on the map for that sale.
Resale sales, 365 days
36
single-family resale homes
Median net sale price
$506,500
average $529,555
Median net price per SF
$275
average $275
Median days on market
47 days
average 84 days
1. SummaryResale homes · 36 sales · October 26, 2025 – October 25, 2026
This study looks at the 36 resale homes sold in Apache Shores in the 365 days to October 25, 2026. A full year is used because only 22 resale homes sold in the last 180 days. New construction is left out and shown on its own in section 7. The homes are compared four ways: by price, by living area, by year built and with or without a view. The first three are split into four equal groups (quartiles), each named by its range.
Each comparison has its own section (3–6) with everything about it in one place: the key differences, a table of every measure at a glance, the charts and the numbers.
2. Where the resale homes sold36 resale homes · colored by price range
Each dot is one resale home, colored by its price range. Use the buttons to show one price range at a time. Click a dot for that sale: address, close date, original and last list price, net sale price, living area, net sale per SF and days on market. Scroll or pinch to zoom.
3. Quartiles by net sale priceResale homes · 36 sales · October 26, 2025 – October 25, 2026
Sales ranked by net sale price and cut into four equal groups. This is the usual way to read a market by price.
Bottom line
Homes over $580K are about 830 SF (53%) larger than homes under $456K.
Homes over $580K are about 14 years newer than homes under $456K.
3.1 Key differences
The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.
Under $456K$456K–$505K$508K–$580KOver $580K
Higher-priced homes Over $580K
Are much larger.
Tend to be newer.
Lower-priced homes Under $456K
Are much smaller.
Tend to be older.
3.2 At a glance
Shaded rows are real differences; the darkest cell is the highest. Gray rows show no clear difference. Prices are averages; days on market and year built are medians.
Under $456K
$456K–$505K
$508K–$580K
Over $580K
Real difference?
Net price per SF
$258 per SF
$280 per SF
$267 per SF
$294 per SF
unclear
Living area
1,580 SFSmallest
1,722 SF
2,009 SF
2,410 SFLargest
✓ large
Year built
2002Oldest
2003
2008
2016Newest
✓ large
Days on market
83 days
58 days
33 days
30 days
unclear
Discount from original list
9.1%
6.3%
4.6%
4.3%
unclear
Price cut before sale
44%
44%
33%
22%
unclear
Seller paid closing costs or repairs
44%
78%
67%
44%
unclear
Has a view
44%
89%
67%
89%
unclear
How to read this section. Each heading gives the finding. The gold box says whether the gap is real (✓, with its size) or could be chance (–). The section ends with its numbers; the tests are in section 8.3.
3.3 Net price per SF: no clear difference
The average is $294 per SF for homes over $580K and $258 per SF for homes under $456K. It does not move in a straight line; homes over $580K are highest. Defined in 8.1.2.
– No clear difference · could be chance
3.4 Homes over $580K are about 830 SF (53%) larger than homes under $456K
The average is 2,410 SF for homes over $580K and 1,580 SF for homes under $456K. It rises step by step from the lowest range to the highest. Defined in 8.1.3.
✓ Real difference · large
3.5 Homes over $580K are about 14 years newer than homes under $456K
The median is 2016 for homes over $580K and 2002 for homes under $456K. It rises step by step from the lowest range to the highest. Defined in 8.1.4.
✓ Real difference · large
3.6 Days on market: no clear difference
The median is 30 days for homes over $580K and 83 days for homes under $456K. It falls step by step from the lowest range to the highest. Defined in 8.1.5.
– No clear difference · could be chance
3.7 Discount from original list: no clear difference
The average is 4.3% for homes over $580K and 9.1% for homes under $456K. It falls step by step from the lowest range to the highest. Defined in 8.1.6.
– No clear difference · could be chance
3.8 How often: price cut before sale, seller paid closing costs or repairs, has a view
Each bar is the share of homes in the group, in percent.
22% of homes over $580K had a price cut before sale, against 44% of homes under $456K. Defined in 8.1.7.
44% of homes over $580K had the seller pay closing costs or repairs, against 44% of homes under $456K. Defined in 8.1.8.
89% of homes over $580K have a view, against 44% of homes under $456K. Defined in 8.1.9.
Price cut before sale: – No clear difference · could be chance
Seller paid closing costs or repairs: – No clear difference · could be chance
Has a view: – No clear difference · could be chance
3.9 The numbers: price and size
Under $456K9 sales
$456K–$505K9 sales
$508K–$580K9 sales
Over $580K9 sales
All36 sales
Real difference?
Net sale price average
$400,811
$479,095
$533,160
$705,156
$529,555
by design
Net price per SF average
$258
$280
$267
$294
$275
unclear
Living area average
1,580
1,722
2,009
2,410
1,930
✓ large
Year built median
2002
2003
2008
2016
2005
✓ large
3.10 The numbers: selling
Under $456K9 sales
$456K–$505K9 sales
$508K–$580K9 sales
Over $580K9 sales
All36 sales
Real difference?
Days on market median
83
58
33
30
47
unclear
Discount from original list average
9.1%
6.3%
4.6%
4.3%
6.1%
unclear
Price cut before sale
44%
44%
33%
22%
36%
unclear
Seller paid closing costs or repairs
44%
78%
67%
44%
58%
unclear
Has a view
44%
89%
67%
89%
72%
unclear
Prices, price per SF, living area and discount are averages; days on market and year built are medians. The test behind each verdict is in 8.3.1.
4. Quartiles by living areaResale homes · 36 sales · October 26, 2025 – October 25, 2026
Sales ranked by living area and cut into four equal groups, from the smallest homes to the largest.
Bottom line
Homes over 2,153 SF sell for about $247K (56%) more than homes under 1,688 SF.
Homes over 2,153 SF are about 13 years newer than homes under 1,688 SF.
4.1 Key differences
The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.
Under 1,688 SF1,688–1,871 SF1,913–2,153 SFOver 2,153 SF
Larger homes Over 2,153 SF
Sell for much more.
Tend to be newer.
Smaller homes Under 1,688 SF
Sell for much less.
Tend to be older.
4.2 At a glance
Shaded rows are real differences; the darkest cell is the highest. Gray rows show no clear difference. Prices are averages; days on market and year built are medians.
Under 1,688 SF
1,688–1,871 SF
1,913–2,153 SF
Over 2,153 SF
Real difference?
Net sale price
$440KLowest
$455K
$537K
$686KHighest
✓ large
Net price per SF
$295 per SF
$258 per SF
$266 per SF
$281 per SF
unclear
Year built
2003
2002Oldest
2008
2016Newest
✓ large
Days on market
58 days
68 days
50 days
30 days
unclear
Discount from original list
9.4%
4.3%
6.4%
4.3%
unclear
Price cut before sale
44%
33%
33%
33%
unclear
Seller paid closing costs or repairs
56%
78%
56%
44%
unclear
Has a view
56%
67%
89%
78%
unclear
4.3 Homes over 2,153 SF sell for about $247K (56%) more than homes under 1,688 SF
The average is $686K for homes over 2,153 SF and $440K for homes under 1,688 SF. It rises step by step from the lowest range to the highest. Defined in 8.1.1.
✓ Real difference · large
4.4 Net price per SF: no clear difference
The average is $281 per SF for homes over 2,153 SF and $295 per SF for homes under 1,688 SF. It does not move in a straight line; homes under 1,688 SF are highest. Defined in 8.1.2.
– No clear difference · could be chance
4.5 Homes over 2,153 SF are about 13 years newer than homes under 1,688 SF
The median is 2016 for homes over 2,153 SF and 2003 for homes under 1,688 SF. It does not move in a straight line; homes over 2,153 SF are highest. Defined in 8.1.4.
✓ Real difference · large
4.6 Days on market: no clear difference
The median is 30 days for homes over 2,153 SF and 58 days for homes under 1,688 SF. It does not move in a straight line; homes 1,688–1,871 SF are highest. Defined in 8.1.5.
– No clear difference · could be chance
4.7 Discount from original list: no clear difference
The average is 4.3% for homes over 2,153 SF and 9.4% for homes under 1,688 SF. It does not move in a straight line; homes under 1,688 SF are highest. Defined in 8.1.6.
– No clear difference · could be chance
4.8 How often: price cut before sale, seller paid closing costs or repairs, has a view
Each bar is the share of homes in the group, in percent.
33% of homes over 2,153 SF had a price cut before sale, against 44% of homes under 1,688 SF. Defined in 8.1.7.
44% of homes over 2,153 SF had the seller pay closing costs or repairs, against 56% of homes under 1,688 SF. Defined in 8.1.8.
78% of homes over 2,153 SF have a view, against 56% of homes under 1,688 SF. Defined in 8.1.9.
Price cut before sale: – No clear difference · could be chance
Seller paid closing costs or repairs: – No clear difference · could be chance
Has a view: – No clear difference · could be chance
4.9 The numbers: price and size
Under 1,688 SF9 sales
1,688–1,871 SF9 sales
1,913–2,153 SF9 sales
Over 2,153 SF9 sales
All36 sales
Real difference?
Net sale price average
$439,688
$455,496
$536,771
$686,267
$529,555
✓ large
Net price per SF average
$295
$258
$266
$281
$275
unclear
Living area average
1,490
1,767
2,023
2,440
1,930
by design
Year built median
2003
2002
2008
2016
2005
✓ large
4.10 The numbers: selling
Under 1,688 SF9 sales
1,688–1,871 SF9 sales
1,913–2,153 SF9 sales
Over 2,153 SF9 sales
All36 sales
Real difference?
Days on market median
58
68
50
30
47
unclear
Discount from original list average
9.4%
4.3%
6.4%
4.3%
6.1%
unclear
Price cut before sale
44%
33%
33%
33%
36%
unclear
Seller paid closing costs or repairs
56%
78%
56%
44%
58%
unclear
Has a view
56%
67%
89%
78%
72%
unclear
Prices, price per SF, living area and discount are averages; days on market and year built are medians. The test behind each verdict is in 8.3.2.
5. Quartiles by year builtResale homes · 36 sales · October 26, 2025 – October 25, 2026
Sales ranked by year built and cut into four groups, from the oldest to the newest. Homes built in the same year always stay in the same group, so group sizes can differ a little.
Bottom line
Homes built after 2008 sell for about $184K (39%) more than homes built before 2002.
Homes built after 2008 are about 390 SF (22%) larger than homes built before 2002.
5.1 Key differences
The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.
Before 20022002–20042005–2008After 2008
Newer homes After 2008
Sell for much more.
Are much larger.
Older homes Before 2002
Sell for much less.
Are much smaller.
5.2 At a glance
Shaded rows are real differences; the darkest cell is the highest. Gray rows show no clear difference. Prices are averages; days on market and year built are medians.
Before 2002
2002–2004
2005–2008
After 2008
Real difference?
Net sale price
$470K
$463KLowest
$525K
$654KHighest
✓ large
Net price per SF
$263 per SF
$278 per SF
$259 per SF
$301 per SF
unclear
Living area
1,785 SF
1,676 SFSmallest
2,053 SF
2,178 SFLargest
✓ large
Days on market
63 days
46 days
49 days
33 days
unclear
Discount from original list
8.9%
5.5%
5.7%
4.6%
unclear
Price cut before sale
25%
56%
40%
22%
unclear
Seller paid closing costs or repairs
38%
67%
70%
56%
unclear
Has a view
62%
67%
90%
67%
unclear
5.3 Homes built after 2008 sell for about $184K (39%) more than homes built before 2002
The average is $654K for homes built after 2008 and $470K for homes built before 2002. It does not move in a straight line; homes built after 2008 are highest. Defined in 8.1.1.
✓ Real difference · large
5.4 Net price per SF: no clear difference
The average is $301 per SF for homes built after 2008 and $263 per SF for homes built before 2002. It does not move in a straight line; homes built after 2008 are highest. Defined in 8.1.2.
– No clear difference · could be chance
5.5 Homes built after 2008 are about 390 SF (22%) larger than homes built before 2002
The average is 2,178 SF for homes built after 2008 and 1,785 SF for homes built before 2002. It does not move in a straight line; homes built after 2008 are highest. Defined in 8.1.3.
✓ Real difference · large
5.6 Days on market: no clear difference
The median is 33 days for homes built after 2008 and 63 days for homes built before 2002. It does not move in a straight line; homes built before 2002 are highest. Defined in 8.1.5.
– No clear difference · could be chance
5.7 Discount from original list: no clear difference
The average is 4.6% for homes built after 2008 and 8.9% for homes built before 2002. It does not move in a straight line; homes built before 2002 are highest. Defined in 8.1.6.
– No clear difference · could be chance
5.8 How often: price cut before sale, seller paid closing costs or repairs, has a view
Each bar is the share of homes in the group, in percent.
22% of homes built after 2008 had a price cut before sale, against 25% of homes built before 2002. Defined in 8.1.7.
56% of homes built after 2008 had the seller pay closing costs or repairs, against 38% of homes built before 2002. Defined in 8.1.8.
67% of homes built after 2008 have a view, against 62% of homes built before 2002. Defined in 8.1.9.
Price cut before sale: – No clear difference · could be chance
Seller paid closing costs or repairs: – No clear difference · could be chance
Has a view: – No clear difference · could be chance
5.9 The numbers: price and size
Before 20028 sales
2002–20049 sales
2005–200810 sales
After 20089 sales
All36 sales
Real difference?
Net sale price average
$469,725
$463,499
$525,260
$653,567
$529,555
✓ large
Net price per SF average
$263
$278
$259
$301
$275
unclear
Living area average
1,785
1,676
2,053
2,178
1,930
✓ large
Year built median
1986
2003
2007
2016
2005
by design
5.10 The numbers: selling
Before 20028 sales
2002–20049 sales
2005–200810 sales
After 20089 sales
All36 sales
Real difference?
Days on market median
63
46
49
33
47
unclear
Discount from original list average
8.9%
5.5%
5.7%
4.6%
6.1%
unclear
Price cut before sale
25%
56%
40%
22%
36%
unclear
Seller paid closing costs or repairs
38%
67%
70%
56%
58%
unclear
Has a view
62%
67%
90%
67%
72%
unclear
Prices, price per SF, living area and discount are averages; days on market and year built are medians. The test behind each verdict is in 8.3.3.
6. View and no viewResale homes · 36 sales · October 26, 2025 – October 25, 2026
Sales where the MLS lists a view (greenbelt or park, trees, golf course, hill country, water and similar) against those listing none or only the neighborhood. 1 sales whose MLS view entry is only “See Remarks” are left out.
Bottom line: no measure differs enough between the groups to rule out chance.
6.1 Key differences
The top group against the bottom group: no measure differs enough to rule out chance.
6.2 At a glance
Shaded rows are real differences; the darkest cell is the highest. Gray rows show no clear difference. Prices are averages; days on market and year built are medians.
View
No view
Real difference?
Net sale price
$554K
$489K
unclear
Net price per SF
$279 per SF
$276 per SF
unclear
Living area
1,990 SF
1,784 SF
unclear
Year built
2006
2004
unclear
Days on market
48 days
32 days
unclear
Discount from original list
5.5%
7.1%
unclear
Price cut before sale
31%
56%
unclear
Seller paid closing costs or repairs
58%
67%
unclear
6.3 Net sale price: no clear difference
The average is $554K for homes with a view and $489K for homes without a view. Defined in 8.1.1.
– No clear difference · could be chance
6.4 Net price per SF: no clear difference
The average is $279 per SF for homes with a view and $276 per SF for homes without a view. Defined in 8.1.2.
– No clear difference · could be chance
6.5 Living area: no clear difference
The average is 1,990 SF for homes with a view and 1,784 SF for homes without a view. Defined in 8.1.3.
– No clear difference · could be chance
6.6 Year built: no clear difference
The median is 2006 for homes with a view and 2004 for homes without a view. Defined in 8.1.4.
– No clear difference · could be chance
6.7 Days on market: no clear difference
The median is 48 days for homes with a view and 32 days for homes without a view. Defined in 8.1.5.
– No clear difference · could be chance
6.8 Discount from original list: no clear difference
The average is 5.5% for homes with a view and 7.1% for homes without a view. Defined in 8.1.6.
– No clear difference · could be chance
6.9 How often: price cut before sale, seller paid closing costs or repairs
Each bar is the share of homes in the group, in percent.
31% of homes with a view had a price cut before sale, against 56% of homes without a view. Defined in 8.1.7.
58% of homes with a view had the seller pay closing costs or repairs, against 67% of homes without a view. Defined in 8.1.8.
Price cut before sale: – No clear difference · could be chance
Seller paid closing costs or repairs: – No clear difference · could be chance
6.10 The numbers: price and size
View26 sales
No view9 sales
All35 sales
Real difference?
Net sale price average
$553,888
$488,656
$537,114
unclear
Net price per SF average
$279
$276
$278
unclear
Living area average
1,990
1,784
1,937
unclear
Year built median
2006
2004
2005
unclear
6.11 The numbers: selling
View26 sales
No view9 sales
All35 sales
Real difference?
Days on market median
48
32
46
unclear
Discount from original list average
5.5%
7.1%
5.9%
unclear
Price cut before sale
31%
56%
37%
unclear
Seller paid closing costs or repairs
58%
67%
60%
unclear
Prices, price per SF, living area and discount are averages; days on market and year built are medians. The test behind each verdict is in 8.3.4.
7. New constructionBasic statistics · 2 sales · October 26, 2025 – October 25, 2026
Homes sold new by the builder in the same 365 days. They are left out of every other section and shown here as basic figures only: 2 sales, no groups, no tests.
Note: these are only the new-construction sales reported in ABOR MLS. Builders often sell homes without listing them in the MLS, so these figures do not necessarily represent all new-construction sales in Apache Shores.
Measure
Average
Median
Sales
2
Net sale price
$1,799,750
$1,799,750
Net price per SF
$723
$723
Living area (SF)
2,424
2,424
Days on market
114
114
Discount from original list
13.1%
13.1%
Price cut before sale
50% of sales
Seller paid closing costs or repairs
50% of sales
Year built
2024–2025
Same definitions as the rest of the study (section 8). New construction = NewConstructionYN true, or PropertyCondition “New Construction” or “Under Construction”.
8. AppendixMeasures, methods and tests
Each measure and method three ways: in plain words, as statistics, and with the data from this study.
8.1 Measures
8.1.1 Net sale price
In simple terms
What the seller actually kept: the closing price, less money the seller gave back to the buyer for closing costs or repairs. It is the truest price for comparing homes.
Statistically
Net = ClosePrice − ACTRIS_BuyersClsgCostPdbySell − ACTRIS_RepairsAmount (a blank counts as $0). Summarized by the arithmetic mean in the slices.
The data
36 resale sales. Average $529,555; median $506,500; standard deviation $125,005; middle half (25th–75th percentile) $451,625–$585,000; lowest $265,000, highest $830,000. 21 sales had a seller payment; their median payment was $10,000.
8.1.2 Net price per SF
In simple terms
Net sale price divided by the heated and cooled square feet. It puts homes of different sizes on the same footing: did buyers pay more for each square foot, not just for more square feet?
Statistically
psf = Net ÷ LivingArea, per sale; summarized by the mean of the per-sale ratios.
The data
36 resale sales. Average $275; median $275; standard deviation $38; middle half (25th–75th percentile) $255–$292; lowest $157, highest $377.
8.1.3 Living area
In simple terms
The heated and cooled space, as listed in the MLS. Garages and porches are not counted.
Statistically
RESO LivingArea, in square feet. Sales under 400 SF are treated as entry errors and left out.
The data
36 resale sales. Average 1,930; median 1,892; standard deviation 379; middle half (25th–75th percentile) 1,682–2,158; lowest 1,271, highest 2,947.
8.1.4 Year built
In simple terms
The year the home was finished, as listed in the MLS. It shows whether a group leans to older or newer phases of the community.
Statistically
RESO YearBuilt; summarized by the median, with the 25th–75th percentile (middle half) on the charts.
The data
36 resale sales. Average 2003; median 2005; standard deviation 12; middle half (25th–75th percentile) 2002–2009; lowest 1970, highest 2020.
8.1.5 Days on market
In simple terms
How many days the home was on the market before the buyer's offer was accepted, counting any earlier listing periods (relists). This is the days on market agents and clients quote.
Statistically
CDOM = max(CumulativeDaysOnMarket, DaysOnMarket, PurchaseContractDate − ListingContractDate). The MLS counter can freeze at a price change, so the contract-date gap is a floor. Summarized by the median, because a few homes that sat for months pull an average up.
The data
36 resale sales. Average 84; median 47; standard deviation 126; middle half (25th–75th percentile) 20–92; lowest 2, highest 658. 0 sales went under contract on their listing date (0 days).
8.1.6 Discount from original list
In simple terms
How far below the first asking price the home sold, after seller payments. It measures how much negotiating room sellers gave up. A negative figure means the home sold above its first asking price.
Statistically
Discount % = (OriginalListPrice − Net) ÷ OriginalListPrice × 100, per sale; summarized by the mean.
The data
36 resale sales. Average 6.1%; median 4.0%; standard deviation 5.5%; middle half (25th–75th percentile) 3.0%–7.5%; lowest −2.6%, highest 23.6%. 2 sales closed above their first asking price.
8.1.7 Price cut before sale
In simple terms
The asking price was lowered at least once before the home went under contract.
Statistically
Indicator: ListPrice at close < OriginalListPrice. Reported as the share of sales (%).
The data
13 of 36 resale sales (36.1%).
8.1.8 Seller paid closing costs or repairs
In simple terms
The seller paid some of the buyer's closing costs or repairs.
Statistically
Indicator: ACTRIS_BuyersClsgCostPdbySell + ACTRIS_RepairsAmount > 0. Reported as the share of sales (%).
The data
21 of 36 resale sales (58.3%).
8.1.9 Has a view
In simple terms
The MLS says the home looks over something: a greenbelt or park, trees, golf course, hill country, water and similar.
Statistically
View = the View field holds any entry other than “None”, “Neighborhood” or “See Remarks”. No view = only “None” and/or “Neighborhood”. A record whose only entry is “See Remarks” cannot be classified and is left out of the view slice.
The data
26 sales with a view, 9 without, 1 unclassified. Most common View entries: Hill Country 18, Trees/Woods 16, Panoramic 9, None 7, Neighborhood 7, Park/Greenbelt 5, Canyon 3, Lake 3.
8.2 Methods
8.2.1 Data source
In simple terms
Every figure comes from the Austin Board of REALTORS® MLS, read live by ALEX. No figure is estimated or typed in.
Statistically
Bridge Interactive RESO Web API (OData), ABOR dataset, every field returned. Filter: StandardStatus = Closed, PropertyType = Residential, City = Austin, SubdivisionName contains any of “apache shores” (case-insensitive). A record is kept when its subdivision name belongs to the Apache Shores family, the same rule comparable sales use.
The data
Pulled October 26, 2026: 38 closed Apache Shores records over the prior year, in ZIP 78734. 11 subdivision spellings kept: Apache Shores Sec 02 (9); Apache Shores 01 Instl (9); Apache Shores Sec 07 (6); Apache Shores Sec 03 Amd (3); Apache Shores (3); Apache Shores Sec 06 (2); Apache Shores Sec 05 (2); APACHE SHORES (1); Apache Shores Sec 04 (1); Apache Shores, Sec 03 (1); Apache Shores Sec 3 (1). No other names were found by the search.
8.2.2 Study window
In simple terms
The most recent 365 days of closed sales: recent enough to describe today's market, long enough to give each group plenty of sales. The usual window is 180 days; it holds only 22 resale sales here (under 80), so the full year is used.
Statistically
CloseDate from October 26, 2025 to October 25, 2026 inclusive.
The data
38 single-family sales in the window: 36 resale, 2 new construction.
8.2.3 Resale and new construction
In simple terms
A resale home was previously owned. New construction is sold by the builder and behaves differently, so it is kept out of every analysis and reported once on its own.
Statistically
New construction = NewConstructionYN true, or PropertyCondition contains “New Construction” or “Under Construction”. Everything else is resale.
The data
36 resale; 2 new construction.
8.2.4 Sales left out
In simple terms
A few records cannot be used as entered and are left out before any analysis.
Statistically
Excluded: PropertySubType other than Single Family Residence; no OriginalListPrice; LivingArea under 400 SF; seller payments above 10% of ClosePrice (treated as entry errors).
The data
None in this window.
8.2.5 Quartiles and groups
In simple terms
Sales lined up from lowest to highest and cut into four groups of about equal size. Each group is named by its range, for example “Under $456K”.
Statistically
Sort by the slicing variable; cut k sits at round(nk/4), k = 1…3. A cut that would split tied values moves to the nearer edge of the tie. A group under 3 sales merges into its smaller neighbor. Range names use the next group's lowest value (“Under”) and the previous group's highest value (“Over”/“After”).
The data
Quartiles by net sale price: Under $456K: $265,000–$440,000 (9 sales); $456K–$505K: $455,500–$505,000 (9 sales); $508K–$580K: $508,000–$580,000 (9 sales); Over $580K: $600,000–$830,000 (9 sales) Quartiles by living area: Under 1,688 SF: 1,271–1,664 SF (9 sales); 1,688–1,871 SF: 1,688–1,871 SF (9 sales); 1,913–2,153 SF: 1,913–2,153 SF (9 sales); Over 2,153 SF: 2,171–2,947 SF (9 sales) Quartiles by year built: Before 2002: 1970–2000 (8 sales); 2002–2004: 2002–2004 (9 sales); 2005–2008: 2005–2008 (10 sales); After 2008: 2011–2020 (9 sales) View and no view: View: MLS lists a view (26 sales); No view: None or Neighborhood (9 sales)
8.2.6 Average and median
In simple terms
The average adds the values and divides by how many; one very expensive home can pull it up. The median is the middle value, with half above and half below.
Statistically
Mean x̄ = (1/n) Σ xᵢ; median = 50th percentile. Price, price per SF, living area and discount use the mean; days on market and year built use the median (skewed or whole-year values).
The data
Net sale price: average $529,555, median $506,500. Days on market: average 84, median 47: the average is pulled up by a few long listings.
8.2.7 Kruskal–Wallis test
In simple terms
Checks whether a measure really differs across the four groups of a slice. It uses each sale's rank, not its value, so a few extreme sales cannot drive the answer.
Statistically
H = [12/(n(n+1))] Σ Rⱼ²/nⱼ − 3(n+1), compared with χ² on k − 1 degrees of freedom (Kruskal & Wallis, 1952). Effect size ε² = H/(n − 1): ≥ .01 small, ≥ .06 medium, ≥ .14 large (Tomczak & Tomczak, 2014). A slice is tested only when every group has at least 5 sales; smaller groups are described, not tested.
The data
Run on every measure in sections 3–5; each result is in 8.3.
8.2.8 Mann–Whitney U test
In simple terms
The same check when there are only two groups: view against no view.
Statistically
Two-sided U test (Mann & Whitney, 1947). Effect size = rank-biserial correlation |1 − 2U/(n₁n₂)|: ≥ .10 small, ≥ .30 medium, ≥ .50 large (Kerby, 2014; Cohen, 1988).
The data
Run on every measure in section 6; results in 8.3.
8.2.9 Chi-square test
In simple terms
Checks whether a yes/no share (price cut, seller payment, view) differs between groups more than chance would.
Statistically
Pearson χ² on the 2 × k table of counts, no continuity correction (Pearson, 1900). Effect size Cramér's V = √(χ²/n): ≥ .10 small, ≥ .30 medium, ≥ .50 large (Cramér, 1946).
The data
Run on the three shares in every slice; results in 8.3.
8.2.10 Real difference (significance)
In simple terms
“Real difference” means a gap this large would be very unlikely if the groups were really alike. Because many measures are checked in each slice, the bar is set higher than usual.
Statistically
Significant when p < 0.05 ÷ m, where m is the number of measures tested in that slice (Bonferroni; Dunn, 1961). The slicing variable itself differs by design and is not tested.
The data
Quartiles by net sale price: m = 8, threshold p < 0.0063; Quartiles by living area: m = 8, threshold p < 0.0063; Quartiles by year built: m = 8, threshold p < 0.0063; View and no view: m = 8, threshold p < 0.0063
8.2.11 Size of a difference
In simple terms
A difference can be real but small. The size word (small, medium, large) says how much the groups pull apart.
Statistically
ε² for Kruskal–Wallis, rank-biserial r for Mann–Whitney, Cramér's V for chi-square, with the thresholds above; below the small threshold the size is “negligible”.
The data
6 real differences across the four slices; sizes are listed in 8.3.
8.2.12 Rounding in the text
In simple terms
Headings and sentences round figures so they read easily; the tables at the end of each section give them in full.
Statistically
Prices in headings round to the nearest $1K; price per SF and days on market to the nearest whole number; living area to the nearest 10 SF; shares and percentage gaps to whole percents.
The data
Days on market is always shown in days.
8.3 Test results
Every test behind every gold box. Statistic, degrees of freedom (df), p-value, the threshold it must beat, and the size of the difference.
8.3.1 Quartiles by net sale price
Measure
Test
Statistic
df
p-value
Threshold
Real difference?
Effect size
Size
Net price per SF
Kruskal–Wallis
H = 3.20
3
0.3618
p < 0.0063
Unclear
ε² = 0.091
medium
Living area
Kruskal–Wallis
H = 25.98
3
< 0.0001
p < 0.0063
Yes
ε² = 0.742
large
Year built
Kruskal–Wallis
H = 16.99
3
0.0007
p < 0.0063
Yes
ε² = 0.485
large
Days on market
Kruskal–Wallis
H = 3.71
3
0.2951
p < 0.0063
Unclear
ε² = 0.106
medium
Discount from original list
Kruskal–Wallis
H = 3.83
3
0.2801
p < 0.0063
Unclear
ε² = 0.110
medium
Price cut before sale
Chi-square
χ² = 1.32
3
0.7233
p < 0.0063
Unclear
Cramér’s V = 0.192
small
Seller paid closing costs or repairs
Chi-square
χ² = 3.09
3
0.3786
p < 0.0063
Unclear
Cramér’s V = 0.293
small
Has a view
Chi-square
χ² = 6.09
3
0.1072
p < 0.0063
Unclear
Cramér’s V = 0.411
medium
8.3.2 Quartiles by living area
Measure
Test
Statistic
df
p-value
Threshold
Real difference?
Effect size
Size
Net sale price
Kruskal–Wallis
H = 23.94
3
< 0.0001
p < 0.0063
Yes
ε² = 0.684
large
Net price per SF
Kruskal–Wallis
H = 8.64
3
0.0345
p < 0.0063
Unclear
ε² = 0.247
large
Year built
Kruskal–Wallis
H = 16.30
3
0.0010
p < 0.0063
Yes
ε² = 0.466
large
Days on market
Kruskal–Wallis
H = 1.94
3
0.5853
p < 0.0063
Unclear
ε² = 0.055
small
Discount from original list
Kruskal–Wallis
H = 2.71
3
0.4389
p < 0.0063
Unclear
ε² = 0.077
medium
Price cut before sale
Chi-square
χ² = 0.36
3
0.9481
p < 0.0063
Unclear
Cramér’s V = 0.100
small
Seller paid closing costs or repairs
Chi-square
χ² = 2.17
3
0.5376
p < 0.0063
Unclear
Cramér’s V = 0.246
small
Has a view
Chi-square
χ² = 2.77
3
0.4286
p < 0.0063
Unclear
Cramér’s V = 0.277
small
8.3.3 Quartiles by year built
Measure
Test
Statistic
df
p-value
Threshold
Real difference?
Effect size
Size
Net sale price
Kruskal–Wallis
H = 16.66
3
0.0008
p < 0.0063
Yes
ε² = 0.476
large
Net price per SF
Kruskal–Wallis
H = 8.22
3
0.0417
p < 0.0063
Unclear
ε² = 0.235
large
Living area
Kruskal–Wallis
H = 13.78
3
0.0032
p < 0.0063
Yes
ε² = 0.394
large
Days on market
Kruskal–Wallis
H = 1.51
3
0.6793
p < 0.0063
Unclear
ε² = 0.043
small
Discount from original list
Kruskal–Wallis
H = 0.43
3
0.9331
p < 0.0063
Unclear
ε² = 0.012
small
Price cut before sale
Chi-square
χ² = 2.72
3
0.4367
p < 0.0063
Unclear
Cramér’s V = 0.275
small
Seller paid closing costs or repairs
Chi-square
χ² = 2.27
3
0.5175
p < 0.0063
Unclear
Cramér’s V = 0.251
small
Has a view
Chi-square
χ² = 2.23
3
0.5262
p < 0.0063
Unclear
Cramér’s V = 0.249
small
8.3.4 View and no view
Measure
Test
Statistic
df
p-value
Threshold
Real difference?
Effect size
Size
Net sale price
Mann–Whitney U
U = 151.00
—
0.2060
p < 0.0063
Unclear
rank-biserial r = 0.291
small
Net price per SF
Mann–Whitney U
U = 116.00
—
0.9849
p < 0.0063
Unclear
rank-biserial r = 0.009
negligible
Living area
Mann–Whitney U
U = 155.50
—
0.1515
p < 0.0063
Unclear
rank-biserial r = 0.329
medium
Year built
Mann–Whitney U
U = 113.50
—
0.9097
p < 0.0063
Unclear
rank-biserial r = 0.030
negligible
Days on market
Mann–Whitney U
U = 153.00
—
0.1802
p < 0.0063
Unclear
rank-biserial r = 0.308
medium
Discount from original list
Mann–Whitney U
U = 100.00
—
0.5334
p < 0.0063
Unclear
rank-biserial r = 0.145
small
Price cut before sale
Chi-square
χ² = 1.76
1
0.1847
p < 0.0063
Unclear
Cramér’s V = 0.224
small
Seller paid closing costs or repairs
Chi-square
χ² = 0.22
1
0.6357
p < 0.0063
Unclear
Cramér’s V = 0.080
negligible
8.4 Data notes
Left out of the analysis: 2 new-construction sales (basic statistics only, section 7); nothing else. Statistics: Python, NumPy 2.5.3, SciPy 1.18.1.
8.5 References
Cohen, J. (1988). Statistical Power Analysis for the Behavioral Sciences (2nd ed.). Erlbaum.
Cramér, H. (1946). Mathematical Methods of Statistics. Princeton University Press.
Dunn, O. J. (1961). Multiple comparisons among means. JASA, 56(293), 52–64.
Kerby, D. S. (2014). The simple difference formula: an approach to teaching nonparametric correlation. Comprehensive Psychology, 3, 11.IT.3.1.
Kruskal, W. H., & Wallis, W. A. (1952). Use of ranks in one-criterion variance analysis. JASA, 47(260), 583–621.
Mann, H. B., & Whitney, D. R. (1947). On a test of whether one of two random variables is stochastically larger than the other. Annals of Mathematical Statistics, 18(1), 50–60.
Pearson, K. (1900). On the criterion that a given system of deviations… Philosophical Magazine, 50(302), 157–175.
Tomczak, M., & Tomczak, E. (2014). The need to report effect size estimates revisited. Trends in Sport Sciences, 21(1), 19–25.