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
32
single-family resale homes
Median net sale price
$387,513
average $389,002
Median net price per SF
$177
average $174
Median days on market
42 days
average 75 days
1. SummaryResale homes · 32 sales · November 8, 2025 – November 7, 2026
This study looks at the 32 resale homes sold in Star Ranch in the 365 days to November 7, 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 sold32 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 · 32 sales · November 8, 2025 – November 7, 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 $412K are about 760 SF (41%) larger than homes under $363K.
3.1 Key differences
The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.
Under $363K$363K–$385K$390K–$412KOver $412K
Higher-priced homes Over $412K
Are much larger.
Lower-priced homes Under $363K
Are much smaller.
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 $363K
$363K–$385K
$390K–$412K
Over $412K
Real difference?
Net price per SF
$174 per SF
$177 per SF
$170 per SF
$173 per SF
unclear
Living area
1,883 SFSmallest
2,115 SF
2,417 SF
2,646 SFLargest
✓ large
Year built
2018
2016
2016
2016
unclear
Days on market
37 days
22 days
116 days
13 days
unclear
Discount from original list
9.1%
4.8%
9.3%
6.5%
unclear
Price cut before sale
75%
38%
75%
50%
unclear
Seller paid closing costs or repairs
88%
75%
50%
100%
unclear
Has a view
0%
25%
12%
12%
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 $173 per SF for homes over $412K and $174 per SF for homes under $363K. It does not move in a straight line; homes $363K–$385K are highest. Defined in 8.1.2.
– No clear difference · could be chance
3.4 Homes over $412K are about 760 SF (41%) larger than homes under $363K
The average is 2,646 SF for homes over $412K and 1,883 SF for homes under $363K. It rises step by step from the lowest range to the highest. Defined in 8.1.3.
✓ Real difference · large
3.5 Year built: no clear difference
The median is 2016 for homes over $412K and 2018 for homes under $363K. It falls step by step from the lowest range to the highest. Defined in 8.1.4.
– No clear difference · could be chance
3.6 Days on market: no clear difference
The median is 13 days for homes over $412K and 37 days for homes under $363K. It does not move in a straight line; homes $390K–$412K are highest. Defined in 8.1.5.
– No clear difference · could be chance
3.7 Discount from original list: no clear difference
The average is 6.5% for homes over $412K and 9.1% for homes under $363K. It does not move in a straight line; homes $390K–$412K are 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.
50% of homes over $412K had a price cut before sale, against 75% of homes under $363K. Defined in 8.1.7.
100% of homes over $412K had the seller pay closing costs or repairs, against 88% of homes under $363K. Defined in 8.1.8.
12% of homes over $412K have a view, against 0% of homes under $363K. 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 $363K8 sales
$363K–$385K8 sales
$390K–$412K8 sales
Over $412K8 sales
All32 sales
Real difference?
Net sale price average
$323,806
$374,639
$403,434
$454,128
$389,002
by design
Net price per SF average
$174
$177
$170
$173
$174
unclear
Living area average
1,883
2,115
2,417
2,646
2,265
✓ large
Year built median
2018
2016
2016
2016
2017
unclear
3.10 The numbers: selling
Under $363K8 sales
$363K–$385K8 sales
$390K–$412K8 sales
Over $412K8 sales
All32 sales
Real difference?
Days on market median
37
22
116
13
42
unclear
Discount from original list average
9.1%
4.8%
9.3%
6.5%
7.4%
unclear
Price cut before sale
75%
38%
75%
50%
59%
unclear
Seller paid closing costs or repairs
88%
75%
50%
100%
78%
unclear
Has a view
0%
25%
12%
12%
12%
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 · 32 sales · November 8, 2025 – November 7, 2026
Sales ranked by living area and cut into four equal groups, from the smallest homes to the largest.
Bottom line
Homes over 2,473 SF sell for about $118K (35%) more than homes under 2,016 SF.
4.1 Key differences
The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.
Under 2,016 SF2,016–2,172 SF2,191–2,473 SFOver 2,473 SF
Larger homes Over 2,473 SF
Sell for much more.
Smaller homes Under 2,016 SF
Sell for much less.
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 2,016 SF
2,016–2,172 SF
2,191–2,473 SF
Over 2,473 SF
Real difference?
Net sale price
$335KLowest
$382K
$380K
$453KHighest
✓ large
Net price per SF
$184 per SF
$182 per SF
$166 per SF
$162 per SF
unclear
Year built
2017
2014
2018
2016
unclear
Days on market
49 days
19 days
70 days
70 days
unclear
Discount from original list
7.1%
4.3%
9.9%
8.8%
unclear
Price cut before sale
71%
56%
62%
50%
unclear
Seller paid closing costs or repairs
86%
78%
62%
88%
unclear
Has a view
0%
33%
12%
0%
unclear
4.3 Homes over 2,473 SF sell for about $118K (35%) more than homes under 2,016 SF
The average is $453K for homes over 2,473 SF and $335K for homes under 2,016 SF. It does not move in a straight line; homes over 2,473 SF are highest. Defined in 8.1.1.
✓ Real difference · large
4.4 Net price per SF: no clear difference
The average is $162 per SF for homes over 2,473 SF and $184 per SF for homes under 2,016 SF. It falls step by step from the lowest range to the highest. Defined in 8.1.2.
– No clear difference · could be chance
4.5 Year built: no clear difference
The median is 2016 for homes over 2,473 SF and 2017 for homes under 2,016 SF. It does not move in a straight line; homes 2,191–2,473 SF are highest. Defined in 8.1.4.
– No clear difference · could be chance
4.6 Days on market: no clear difference
The median is 70 days for homes over 2,473 SF and 49 days for homes under 2,016 SF. It does not move in a straight line; homes over 2,473 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 8.8% for homes over 2,473 SF and 7.1% for homes under 2,016 SF. It does not move in a straight line; homes 2,191–2,473 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.
50% of homes over 2,473 SF had a price cut before sale, against 71% of homes under 2,016 SF. Defined in 8.1.7.
88% of homes over 2,473 SF had the seller pay closing costs or repairs, against 86% of homes under 2,016 SF. Defined in 8.1.8.
0% of homes over 2,473 SF have a view, against 0% of homes under 2,016 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 2,016 SF7 sales
2,016–2,172 SF9 sales
2,191–2,473 SF8 sales
Over 2,473 SF8 sales
All32 sales
Real difference?
Net sale price average
$334,929
$381,800
$380,146
$453,275
$389,002
✓ large
Net price per SF average
$184
$182
$166
$162
$174
unclear
Living area average
1,825
2,092
2,281
2,830
2,265
by design
Year built median
2017
2014
2018
2016
2017
unclear
4.10 The numbers: selling
Under 2,016 SF7 sales
2,016–2,172 SF9 sales
2,191–2,473 SF8 sales
Over 2,473 SF8 sales
All32 sales
Real difference?
Days on market median
49
19
70
70
42
unclear
Discount from original list average
7.1%
4.3%
9.9%
8.8%
7.4%
unclear
Price cut before sale
71%
56%
62%
50%
59%
unclear
Seller paid closing costs or repairs
86%
78%
62%
88%
78%
unclear
Has a view
0%
33%
12%
0%
12%
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 · 32 sales · November 8, 2025 – November 7, 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: no measure differs enough between the groups to rule out chance.
5.1 Key differences
The top group against the bottom group: no measure differs enough to rule out chance.
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 2014
2014–2016
2017–2019
After 2019
Real difference?
Net sale price
$404K
$383K
$387K
$378K
unclear
Net price per SF
$170 per SF
$178 per SF
$177 per SF
$170 per SF
unclear
Living area
2,425 SF
2,160 SF
2,188 SF
2,252 SF
unclear
Days on market
118 days
85 days
25 days
58 days
unclear
Discount from original list
6.8%
6.8%
5.1%
11.3%
unclear
Price cut before sale
56%
83%
44%
62%
unclear
Seller paid closing costs or repairs
89%
67%
78%
75%
unclear
Has a view
11%
17%
11%
12%
unclear
5.3 Net sale price: no clear difference
The average is $378K for homes built after 2019 and $404K for homes built before 2014. It does not move in a straight line; homes built before 2014 are highest. Defined in 8.1.1.
– No clear difference · could be chance
5.4 Net price per SF: no clear difference
The average is $170 per SF for homes built after 2019 and $170 per SF for homes built before 2014. It does not move in a straight line; homes built 2014–2016 are highest. Defined in 8.1.2.
– No clear difference · could be chance
5.5 Living area: no clear difference
The average is 2,252 SF for homes built after 2019 and 2,425 SF for homes built before 2014. It does not move in a straight line; homes built before 2014 are highest. Defined in 8.1.3.
– No clear difference · could be chance
5.6 Days on market: no clear difference
The median is 58 days for homes built after 2019 and 118 days for homes built before 2014. It does not move in a straight line; homes built before 2014 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 11.3% for homes built after 2019 and 6.8% for homes built before 2014. It does not move in a straight line; homes built after 2019 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.
62% of homes built after 2019 had a price cut before sale, against 56% of homes built before 2014. Defined in 8.1.7.
75% of homes built after 2019 had the seller pay closing costs or repairs, against 89% of homes built before 2014. Defined in 8.1.8.
12% of homes built after 2019 have a view, against 11% of homes built before 2014. 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 20149 sales
2014–20166 sales
2017–20199 sales
After 20198 sales
All32 sales
Real difference?
Net sale price average
$404,433
$382,817
$387,222
$378,283
$389,002
unclear
Net price per SF average
$170
$178
$177
$170
$174
unclear
Living area average
2,425
2,160
2,188
2,252
2,265
unclear
Year built median
2012
2016
2017
2022
2017
by design
5.10 The numbers: selling
Before 20149 sales
2014–20166 sales
2017–20199 sales
After 20198 sales
All32 sales
Real difference?
Days on market median
118
85
25
58
42
unclear
Discount from original list average
6.8%
6.8%
5.1%
11.3%
7.4%
unclear
Price cut before sale
56%
83%
44%
62%
59%
unclear
Seller paid closing costs or repairs
89%
67%
78%
75%
78%
unclear
Has a view
11%
17%
11%
12%
12%
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 · 32 sales · November 8, 2025 – November 7, 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: too few sales to test.
6.1 Key differences
The top group against the bottom group: no measure differs enough to rule out chance.
6.3 Net sale price: described, not tested
The average is $390K for homes with a view and $388K for homes without a view. Defined in 8.1.1.
Not tested: too few sales.
6.4 Net price per SF: described, not tested
The average is $180 per SF for homes with a view and $172 per SF for homes without a view. Defined in 8.1.2.
Not tested: too few sales.
6.5 Living area: described, not tested
The average is 2,172 SF for homes with a view and 2,284 SF for homes without a view. Defined in 8.1.3.
Not tested: too few sales.
6.6 Year built: described, not tested
The median is 2016 for homes with a view and 2017 for homes without a view. Defined in 8.1.4.
Not tested: too few sales.
6.7 Days on market: described, not tested
The median is 32 days for homes with a view and 49 days for homes without a view. Defined in 8.1.5.
Not tested: too few sales.
6.8 Discount from original list: described, not tested
The average is 5.3% for homes with a view and 7.6% for homes without a view. Defined in 8.1.6.
Not tested: too few sales.
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.
50% of homes with a view had a price cut before sale, against 59% of homes without a view. Defined in 8.1.7.
100% of homes with a view had the seller pay closing costs or repairs, against 74% of homes without a view. Defined in 8.1.8.
Price cut before sale: Not tested: too few sales.
Seller paid closing costs or repairs: Not tested: too few sales.
6.10 The numbers: price and size
View4 sales
No view27 sales
All31 sales
Net sale price average
$389,506
$388,316
$388,470
Net price per SF average
$180
$172
$173
Living area average
2,172
2,284
2,270
Year built median
2016
2017
2017
6.11 The numbers: selling
View4 sales
No view27 sales
All31 sales
Days on market median
32
49
49
Discount from original list average
5.3%
7.6%
7.3%
Price cut before sale
50%
59%
58%
Seller paid closing costs or repairs
100%
74%
77%
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 · 0 sales · November 8, 2025 – November 7, 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: 0 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 Star Ranch.
No new-construction sales were reported in ABOR MLS in this window.
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
32 resale sales. Average $389,002; median $387,513; standard deviation $53,168; middle half (25th–75th percentile) $359,750–$412,081; lowest $277,000, highest $530,000. 25 sales had a seller payment; their median payment was $5,000.
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
32 resale sales. Average $174; median $177; standard deviation $18; middle half (25th–75th percentile) $167–$184; lowest $126, highest $204.
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
32 resale sales. Average 2,265; median 2,182; standard deviation 395; middle half (25th–75th percentile) 2,016–2,497; lowest 1,715, highest 3,357.
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
32 resale sales. Average 2016; median 2017; standard deviation 5; middle half (25th–75th percentile) 2013–2019; lowest 2003, highest 2022.
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
32 resale sales. Average 75; median 42; standard deviation 77; middle half (25th–75th percentile) 12–120; lowest 2, highest 240. 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
32 resale sales. Average 7.4%; median 6.0%; standard deviation 7.0%; middle half (25th–75th percentile) 3.0%–10.7%; lowest −2.4%, highest 28.1%. 3 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
19 of 32 resale sales (59.4%).
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
25 of 32 resale sales (78.1%).
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
4 sales with a view, 27 without, 1 unclassified. Most common View entries: None 19, Neighborhood 9, Golf Course 1, See Remarks 1, Park/Greenbelt 1, Trees/Woods 1, Panoramic 1.
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
ABOR MLS via secure APIs, read from ALEX's copy of the MLS (refreshed every 15 minutes; this pull as of 2026-11-08 13:00 UTC), every field. Filter: StandardStatus = Closed, PropertyType = Residential, City = Hutto, SubdivisionName contains any of “star ranch” (case-insensitive). A record is kept when its subdivision name belongs to the Star Ranch family, the same rule comparable sales use.
The data
Pulled November 8, 2026: 33 closed Star Ranch records over the prior year, in ZIP 78634. 15 subdivision spellings kept, the most common: Star Ranch (15); Star Ranch Ph 7 Sec 7 (3); Star Ranch Ph 2 Sec 7 (2); Star Ranch Sec 7 Ph 5 (2); Star Ranch Ph 4 Sec 7 (1); STAR RANCH (1); Star Ranch Ph Ib Sec 7 (1); Star Ranch Sec 7 Ph 4 (1); STAR RANCH SEC 7 PH 6 (1); Star Ranch Sec 5 Ph 2 (1); Star Ranch Ph 5 Sec 7 (1); Star Ranch Ph 1A Sec 7 (1); and 3 more (3 records). Names found by the search but not part of Star Ranch, left out: Villas/Star Ranch Sec 22 (1); Star Ranch Prcl 23 (1); Villas/Star Ranch (1); Villas/Star Ranch Condos (1); Villas/Star Ranch Condos Sec 2 (1); Villas/Star Ranch Condos Ph 3 (1).
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 November 8, 2025 to November 7, 2026 inclusive.
The data
32 single-family sales in the window: 32 resale, 0 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
32 resale; 0 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
1 sale(s) with concessions above 10% of price
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 $363K”.
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 $363K: $277,000–$350,000 (8 sales); $363K–$385K: $363,000–$385,000 (8 sales); $390K–$412K: $390,026–$412,000 (8 sales); Over $412K: $412,325–$530,000 (8 sales) Quartiles by living area: Under 2,016 SF: 1,715–2,009 SF (7 sales); 2,016–2,172 SF: 2,016–2,172 SF (9 sales); 2,191–2,473 SF: 2,191–2,473 SF (8 sales); Over 2,473 SF: 2,568–3,357 SF (8 sales) Quartiles by year built: Before 2014: 2003–2013 (9 sales); 2014–2016: 2014–2016 (6 sales); 2017–2019: 2017–2019 (9 sales); After 2019: 2020–2022 (8 sales) View and no view: View: MLS lists a view (4 sales); No view: None or Neighborhood (27 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 $389,002, median $387,513. Days on market: average 75, median 42: 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
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
2 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 = 0.11
3
0.9912
p < 0.0063
Unclear
ε² = 0.003
negligible
Living area
Kruskal–Wallis
H = 19.69
3
0.0002
p < 0.0063
Yes
ε² = 0.635
large
Year built
Kruskal–Wallis
H = 0.25
3
0.9693
p < 0.0063
Unclear
ε² = 0.008
negligible
Days on market
Kruskal–Wallis
H = 2.83
3
0.4192
p < 0.0063
Unclear
ε² = 0.091
medium
Discount from original list
Kruskal–Wallis
H = 1.91
3
0.5904
p < 0.0063
Unclear
ε² = 0.062
medium
Price cut before sale
Chi-square
χ² = 3.50
3
0.3210
p < 0.0063
Unclear
Cramér’s V = 0.331
medium
Seller paid closing costs or repairs
Chi-square
χ² = 6.40
3
0.0937
p < 0.0063
Unclear
Cramér’s V = 0.447
medium
Has a view
Chi-square
χ² = 2.29
3
0.5153
p < 0.0063
Unclear
Cramér’s V = 0.267
small
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 = 21.25
3
< 0.0001
p < 0.0063
Yes
ε² = 0.686
large
Net price per SF
Kruskal–Wallis
H = 9.10
3
0.0280
p < 0.0063
Unclear
ε² = 0.294
large
Year built
Kruskal–Wallis
H = 5.58
3
0.1342
p < 0.0063
Unclear
ε² = 0.180
large
Days on market
Kruskal–Wallis
H = 1.89
3
0.5962
p < 0.0063
Unclear
ε² = 0.061
medium
Discount from original list
Kruskal–Wallis
H = 2.32
3
0.5093
p < 0.0063
Unclear
ε² = 0.075
medium
Price cut before sale
Chi-square
χ² = 0.80
3
0.8495
p < 0.0063
Unclear
Cramér’s V = 0.158
small
Seller paid closing costs or repairs
Chi-square
χ² = 1.79
3
0.6169
p < 0.0063
Unclear
Cramér’s V = 0.237
small
Has a view
Chi-square
χ² = 5.71
3
0.1264
p < 0.0063
Unclear
Cramér’s V = 0.423
medium
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 = 0.99
3
0.8034
p < 0.0063
Unclear
ε² = 0.032
small
Net price per SF
Kruskal–Wallis
H = 0.42
3
0.9361
p < 0.0063
Unclear
ε² = 0.014
small
Living area
Kruskal–Wallis
H = 1.46
3
0.6917
p < 0.0063
Unclear
ε² = 0.047
small
Days on market
Kruskal–Wallis
H = 2.87
3
0.4119
p < 0.0063
Unclear
ε² = 0.093
medium
Discount from original list
Kruskal–Wallis
H = 1.81
3
0.6129
p < 0.0063
Unclear
ε² = 0.058
small
Price cut before sale
Chi-square
χ² = 2.35
3
0.5037
p < 0.0063
Unclear
Cramér’s V = 0.271
small
Seller paid closing costs or repairs
Chi-square
χ² = 1.12
3
0.7729
p < 0.0063
Unclear
Cramér’s V = 0.187
small
Has a view
Chi-square
χ² = 0.13
3
0.9884
p < 0.0063
Unclear
Cramér’s V = 0.063
negligible
8.3.4 View and no view
Too few sales in a group to test.
8.4 Data notes
Left out of the analysis: 0 new-construction sales (basic statistics only, section 7); 1 sale(s) with concessions above 10% of price. 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.