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
31
single-family resale homes
Median net sale price
$360,000
average $396,095
Median net price per SF
$170
average $172
Median days on market
64 days
average 102 days
1. SummaryResale homes · 31 sales · October 26, 2025 – October 25, 2026
This study looks at the 31 resale homes sold in Santa Rita Ranch South in the 365 days to October 25, 2026. A full year is used because only 16 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 sold31 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 · 31 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 $422K are about 1,600 SF (94%) larger than homes under $313K.
3.1 Key differences
The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.
Under $313K$313K–$360K$366K–$422KOver $422K
Higher-priced homes Over $422K
Are much larger.
Lower-priced homes Under $313K
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 $313K
$313K–$360K
$366K–$422K
Over $422K
Real difference?
Net price per SF
$168 per SF
$180 per SF
$174 per SF
$169 per SF
unclear
Living area
1,692 SFSmallest
1,852 SF
2,312 SF
3,291 SFLargest
✓ large
Year built
2020
2018
2020
2020
unclear
Days on market
68 days
47 days
150 days
50 days
unclear
Discount from original list
7.2%
7.5%
13.9%
7.8%
unclear
Price cut before sale
62%
50%
83%
56%
unclear
Seller paid closing costs or repairs
75%
38%
83%
67%
unclear
Has a view
12%
12%
33%
11%
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 $169 per SF for homes over $422K and $168 per SF for homes under $313K. It does not move in a straight line; homes $313K–$360K are highest. Defined in 8.1.2.
– No clear difference · could be chance
3.4 Homes over $422K are about 1,600 SF (94%) larger than homes under $313K
The average is 3,291 SF for homes over $422K and 1,692 SF for homes under $313K. 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 2020 for homes over $422K and 2020 for homes under $313K. It does not move in a straight line; homes under $313K are highest. Defined in 8.1.4.
– No clear difference · could be chance
3.6 Days on market: no clear difference
The median is 50 days for homes over $422K and 68 days for homes under $313K. It does not move in a straight line; homes $366K–$422K 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 7.8% for homes over $422K and 7.2% for homes under $313K. It does not move in a straight line; homes $366K–$422K 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.
56% of homes over $422K had a price cut before sale, against 62% of homes under $313K. Defined in 8.1.7.
67% of homes over $422K had the seller pay closing costs or repairs, against 75% of homes under $313K. Defined in 8.1.8.
11% of homes over $422K have a view, against 12% of homes under $313K. 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 $313K8 sales
$313K–$360K8 sales
$366K–$422K6 sales
Over $422K9 sales
All31 sales
Real difference?
Net sale price average
$280,376
$331,262
$396,232
$556,494
$396,095
by design
Net price per SF average
$168
$180
$174
$169
$172
unclear
Living area average
1,692
1,852
2,312
3,291
2,317
✓ large
Year built median
2020
2018
2020
2020
2020
unclear
3.10 The numbers: selling
Under $313K8 sales
$313K–$360K8 sales
$366K–$422K6 sales
Over $422K9 sales
All31 sales
Real difference?
Days on market median
68
47
150
50
64
unclear
Discount from original list average
7.2%
7.5%
13.9%
7.8%
8.8%
unclear
Price cut before sale
62%
50%
83%
56%
61%
unclear
Seller paid closing costs or repairs
75%
38%
83%
67%
65%
unclear
Has a view
12%
12%
33%
11%
16%
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 · 31 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 2,748 SF sell for about $263K (88%) more than homes under 1,797 SF.
4.1 Key differences
The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.
Under 1,797 SF1,797–2,033 SF2,073–2,748 SFOver 2,748 SF
Larger homes Over 2,748 SF
Sell for much more.
Smaller homes Under 1,797 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 1,797 SF
1,797–2,033 SF
2,073–2,748 SF
Over 2,748 SF
Real difference?
Net sale price
$300KLowest
$314K
$409K
$563KHighest
✓ large
Net price per SF
$185 per SF
$167 per SF
$170 per SF
$167 per SF
unclear
Year built
2020
2018
2018
2020
unclear
Days on market
141 days
68 days
121 days
57 days
unclear
Discount from original list
7.9%
8.4%
10.5%
8.6%
unclear
Price cut before sale
75%
38%
71%
62%
unclear
Seller paid closing costs or repairs
100%
25%
57%
75%
unclear
Has a view
12%
12%
29%
12%
unclear
4.3 Homes over 2,748 SF sell for about $263K (88%) more than homes under 1,797 SF
The average is $563K for homes over 2,748 SF and $300K for homes under 1,797 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 $167 per SF for homes over 2,748 SF and $185 per SF for homes under 1,797 SF. It does not move in a straight line; homes under 1,797 SF are highest. Defined in 8.1.2.
– No clear difference · could be chance
4.5 Year built: no clear difference
The median is 2020 for homes over 2,748 SF and 2020 for homes under 1,797 SF. It does not move in a straight line; homes under 1,797 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 57 days for homes over 2,748 SF and 141 days for homes under 1,797 SF. It does not move in a straight line; homes under 1,797 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 8.6% for homes over 2,748 SF and 7.9% for homes under 1,797 SF. It does not move in a straight line; homes 2,073–2,748 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.
62% of homes over 2,748 SF had a price cut before sale, against 75% of homes under 1,797 SF. Defined in 8.1.7.
75% of homes over 2,748 SF had the seller pay closing costs or repairs, against 100% of homes under 1,797 SF. Defined in 8.1.8.
12% of homes over 2,748 SF have a view, against 12% of homes under 1,797 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 1,797 SF8 sales
1,797–2,033 SF8 sales
2,073–2,748 SF7 sales
Over 2,748 SF8 sales
All31 sales
Real difference?
Net sale price average
$300,130
$314,196
$408,699
$562,931
$396,095
✓ large
Net price per SF average
$185
$167
$170
$167
$172
unclear
Living area average
1,621
1,884
2,419
3,358
2,317
by design
Year built median
2020
2018
2018
2020
2020
unclear
4.10 The numbers: selling
Under 1,797 SF8 sales
1,797–2,033 SF8 sales
2,073–2,748 SF7 sales
Over 2,748 SF8 sales
All31 sales
Real difference?
Days on market median
141
68
121
57
64
unclear
Discount from original list average
7.9%
8.4%
10.5%
8.6%
8.8%
unclear
Price cut before sale
75%
38%
71%
62%
61%
unclear
Seller paid closing costs or repairs
100%
25%
57%
75%
65%
unclear
Has a view
12%
12%
29%
12%
16%
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 · 31 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: 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 2018
2018–2019
2020
After 2020
Real difference?
Net sale price
$356K
$461K
$414K
$353K
unclear
Net price per SF
$175 per SF
$191 per SF
$159 per SF
$168 per SF
unclear
Living area
2,048 SF
2,381 SF
2,643 SF
2,143 SF
unclear
Days on market
35 days
50 days
90 days
165 days
unclear
Discount from original list
5.1%
5.6%
11.6%
12.6%
unclear
Price cut before sale
50%
43%
67%
86%
unclear
Seller paid closing costs or repairs
50%
57%
67%
86%
unclear
Has a view
12%
29%
11%
14%
unclear
5.3 Net sale price: no clear difference
The average is $353K for homes built after 2020 and $356K for homes built before 2018. It does not move in a straight line; homes built 2018–2019 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 $168 per SF for homes built after 2020 and $175 per SF for homes built before 2018. It does not move in a straight line; homes built 2018–2019 are highest. Defined in 8.1.2.
– No clear difference · could be chance
5.5 Living area: no clear difference
The average is 2,143 SF for homes built after 2020 and 2,048 SF for homes built before 2018. It does not move in a straight line; homes built 2020 are highest. Defined in 8.1.3.
– No clear difference · could be chance
5.6 Days on market: no clear difference
The median is 165 days for homes built after 2020 and 35 days for homes built before 2018. It rises step by step from the lowest range to the highest. Defined in 8.1.5.
– No clear difference · could be chance
5.7 Discount from original list: no clear difference
The average is 12.6% for homes built after 2020 and 5.1% for homes built before 2018. It rises step by step from the lowest range to the 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.
86% of homes built after 2020 had a price cut before sale, against 50% of homes built before 2018. Defined in 8.1.7.
86% of homes built after 2020 had the seller pay closing costs or repairs, against 50% of homes built before 2018. Defined in 8.1.8.
14% of homes built after 2020 have a view, against 12% of homes built before 2018. 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 20188 sales
2018–20197 sales
20209 sales
After 20207 sales
All31 sales
Real difference?
Net sale price average
$356,271
$461,307
$414,033
$353,334
$396,095
unclear
Net price per SF average
$175
$191
$159
$168
$172
unclear
Living area average
2,048
2,381
2,643
2,143
2,317
unclear
Year built median
2017
2018
2020
2021
2020
by design
5.10 The numbers: selling
Before 20188 sales
2018–20197 sales
20209 sales
After 20207 sales
All31 sales
Real difference?
Days on market median
35
50
90
165
64
unclear
Discount from original list average
5.1%
5.6%
11.6%
12.6%
8.8%
unclear
Price cut before sale
50%
43%
67%
86%
61%
unclear
Seller paid closing costs or repairs
50%
57%
67%
86%
65%
unclear
Has a view
12%
29%
11%
14%
16%
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 · 31 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
$422K
$374K
unclear
Net price per SF
$185 per SF
$168 per SF
unclear
Living area
2,318 SF
2,260 SF
unclear
Year built
2019
2020
unclear
Days on market
53 days
79 days
unclear
Discount from original list
9.4%
8.9%
unclear
Price cut before sale
80%
60%
unclear
Seller paid closing costs or repairs
100%
60%
unclear
6.3 Net sale price: no clear difference
The average is $422K for homes with a view and $374K 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 $185 per SF for homes with a view and $168 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 2,318 SF for homes with a view and 2,260 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 2019 for homes with a view and 2020 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 53 days for homes with a view and 79 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 9.4% for homes with a view and 8.9% 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.
80% of homes with a view had a price cut before sale, against 60% 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 60% 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
View5 sales
No view25 sales
All30 sales
Real difference?
Net sale price average
$421,628
$373,832
$381,798
unclear
Net price per SF average
$185
$168
$171
unclear
Living area average
2,318
2,260
2,270
unclear
Year built median
2019
2020
2020
unclear
6.11 The numbers: selling
View5 sales
No view25 sales
All30 sales
Real difference?
Days on market median
53
79
72
unclear
Discount from original list average
9.4%
8.9%
9.0%
unclear
Price cut before sale
80%
60%
63%
unclear
Seller paid closing costs or repairs
100%
60%
67%
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 · 0 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: 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 Santa Rita Ranch South.
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
31 resale sales. Average $396,095; median $360,000; standard deviation $132,221; middle half (25th–75th percentile) $312,333–$425,000; lowest $255,000, highest $825,000. 20 sales had a seller payment; their median payment was $7,803.
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
31 resale sales. Average $172; median $170; standard deviation $24; middle half (25th–75th percentile) $156–$190; lowest $125, highest $220.
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
31 resale sales. Average 2,317; median 2,033; standard deviation 727; middle half (25th–75th percentile) 1,778–2,776; lowest 1,404, highest 3,827.
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
31 resale sales. Average 2019; median 2020; standard deviation 2; middle half (25th–75th percentile) 2018–2020; lowest 2015, highest 2023.
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
31 resale sales. Average 102; median 64; standard deviation 97; middle half (25th–75th percentile) 30–150; lowest 4, highest 316. 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
31 resale sales. Average 8.8%; median 8.0%; standard deviation 7.4%; middle half (25th–75th percentile) 3.3%–11.9%; lowest −7.8%, highest 27.0%. 1 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 31 resale sales (61.3%).
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
20 of 31 resale sales (64.5%).
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
5 sales with a view, 25 without, 1 unclassified. Most common View entries: None 14, Neighborhood 12, Park/Greenbelt 2, Pasture 2, Trees/Woods 2, City 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
Bridge Interactive RESO Web API (OData), ABOR dataset, every field returned. Filter: StandardStatus = Closed, PropertyType = Residential, City = Liberty Hill, SubdivisionName contains any of “santa rita ranch south” (case-insensitive). A record is kept when its subdivision name belongs to the Santa Rita Ranch South family, the same rule comparable sales use.
The data
Pulled October 26, 2026: 34 closed Santa Rita Ranch South records over the prior year, in ZIP 78642. 15 subdivision spellings kept, the most common: Santa Rita Ranch South Sec 16 (5); Santa Rita Ranch South (5); Santa Rita Ranch South Sec 17 (4); Santa Rita Ranch South Sec 12 (4); Santa Rita Ranch South Sec 9A (3); Santa Rita Ranch South Sec 4B (2); SANTA RITA RANCH SOUTH (2); Santa Rita Ranch South Sec 11 (2); Santa Rita Ranch South Sec 5A (1); Santa Rita Ranch South Sec 13 (1); Santa Rita Ranch South Sec 15 (1); Santa Rita Ranch South Sec 7C (1); and 3 more (3 records). 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 16 resale sales here (under 80), so the full year is used.
Statistically
CloseDate from October 26, 2025 to October 25, 2026 inclusive.
The data
31 single-family sales in the window: 31 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
31 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
3 sale(s) other than single-family homes (condo, townhome and similar)
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 $313K”.
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 $313K: $255,000–$311,366 (8 sales); $313K–$360K: $313,300–$360,000 (8 sales); $366K–$422K: $366,500–$422,500 (6 sales); Over $422K: $425,000–$825,000 (9 sales) Quartiles by living area: Under 1,797 SF: 1,404–1,760 SF (8 sales); 1,797–2,033 SF: 1,797–2,033 SF (8 sales); 2,073–2,748 SF: 2,073–2,748 SF (7 sales); Over 2,748 SF: 2,805–3,827 SF (8 sales) Quartiles by year built: Before 2018: 2015–2017 (8 sales); 2018–2019: 2018–2019 (7 sales); 2020: 2020–2020 (9 sales); After 2020: 2021–2023 (7 sales) View and no view: View: MLS lists a view (5 sales); No view: None or Neighborhood (25 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 $396,095, median $360,000. Days on market: average 102, median 64: 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
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 = 1.36
3
0.7147
p < 0.0063
Unclear
ε² = 0.045
small
Living area
Kruskal–Wallis
H = 23.69
3
< 0.0001
p < 0.0063
Yes
ε² = 0.790
large
Year built
Kruskal–Wallis
H = 2.69
3
0.4427
p < 0.0063
Unclear
ε² = 0.090
medium
Days on market
Kruskal–Wallis
H = 5.59
3
0.1333
p < 0.0063
Unclear
ε² = 0.186
large
Discount from original list
Kruskal–Wallis
H = 3.48
3
0.3231
p < 0.0063
Unclear
ε² = 0.116
medium
Price cut before sale
Chi-square
χ² = 1.79
3
0.6175
p < 0.0063
Unclear
Cramér’s V = 0.240
small
Seller paid closing costs or repairs
Chi-square
χ² = 3.88
3
0.2746
p < 0.0063
Unclear
Cramér’s V = 0.354
medium
Has a view
Chi-square
χ² = 1.64
3
0.6512
p < 0.0063
Unclear
Cramér’s V = 0.230
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 = 23.95
3
< 0.0001
p < 0.0063
Yes
ε² = 0.798
large
Net price per SF
Kruskal–Wallis
H = 3.71
3
0.2951
p < 0.0063
Unclear
ε² = 0.124
medium
Year built
Kruskal–Wallis
H = 6.64
3
0.0843
p < 0.0063
Unclear
ε² = 0.221
large
Days on market
Kruskal–Wallis
H = 1.46
3
0.6911
p < 0.0063
Unclear
ε² = 0.049
small
Discount from original list
Kruskal–Wallis
H = 0.59
3
0.8987
p < 0.0063
Unclear
ε² = 0.020
small
Price cut before sale
Chi-square
χ² = 2.85
3
0.4153
p < 0.0063
Unclear
Cramér’s V = 0.303
medium
Seller paid closing costs or repairs
Chi-square
χ² = 10.41
3
0.0154
p < 0.0063
Unclear
Cramér’s V = 0.579
large
Has a view
Chi-square
χ² = 1.03
3
0.7928
p < 0.0063
Unclear
Cramér’s V = 0.183
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 = 1.37
3
0.7127
p < 0.0063
Unclear
ε² = 0.046
small
Net price per SF
Kruskal–Wallis
H = 5.93
3
0.1153
p < 0.0063
Unclear
ε² = 0.198
large
Living area
Kruskal–Wallis
H = 1.48
3
0.6860
p < 0.0063
Unclear
ε² = 0.049
small
Days on market
Kruskal–Wallis
H = 5.01
3
0.1708
p < 0.0063
Unclear
ε² = 0.167
large
Discount from original list
Kruskal–Wallis
H = 5.57
3
0.1346
p < 0.0063
Unclear
ε² = 0.186
large
Price cut before sale
Chi-square
χ² = 3.30
3
0.3474
p < 0.0063
Unclear
Cramér’s V = 0.326
medium
Seller paid closing costs or repairs
Chi-square
χ² = 2.29
3
0.5135
p < 0.0063
Unclear
Cramér’s V = 0.272
small
Has a view
Chi-square
χ² = 1.06
3
0.7857
p < 0.0063
Unclear
Cramér’s V = 0.185
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 = 76.00
—
0.4694
p < 0.0063
Unclear
rank-biserial r = 0.216
small
Net price per SF
Mann–Whitney U
U = 94.00
—
0.0846
p < 0.0063
Unclear
rank-biserial r = 0.504
large
Living area
Mann–Whitney U
U = 64.00
—
0.9556
p < 0.0063
Unclear
rank-biserial r = 0.024
negligible
Year built
Mann–Whitney U
U = 61.50
—
0.9773
p < 0.0063
Unclear
rank-biserial r = 0.016
negligible
Days on market
Mann–Whitney U
U = 76.00
—
0.4694
p < 0.0063
Unclear
rank-biserial r = 0.216
small
Discount from original list
Mann–Whitney U
U = 73.00
—
0.5888
p < 0.0063
Unclear
rank-biserial r = 0.168
small
Price cut before sale
Chi-square
χ² = 0.72
1
0.3969
p < 0.0063
Unclear
Cramér’s V = 0.155
small
Seller paid closing costs or repairs
Chi-square
χ² = 3.00
1
0.0833
p < 0.0063
Unclear
Cramér’s V = 0.316
medium
8.4 Data notes
Left out of the analysis: 0 new-construction sales (basic statistics only, section 7); 3 sale(s) other than single-family homes (condo, townhome and similar). 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.