Understanding Median Price Calculation The median price is the value separating the higher half from the lower half of a dataset. When calculating the median house or unit price, all sale prices within a specific period are arranged in ascending order—from the lowest to the highest. The median is the price at the middle position in this list.

For example, if there are 11 sales, the median is the sale price of the sixth property, leaving five prices below and five above it. If there is an even number of sales, the median is typically calculated as the average of the two middle values. This method provides a more accurate representation of typical sale prices in an area, as it is less likely to be skewed by extremely high or low sale prices compared to the average.

What the Numbers Mean
The difference between house and unit prices in Boroondara reflects the suburb’s property diversity and demand profile. While house values have soared, units remain more accessible, supporting a variety of buyers from families to investors. Understanding the median price—and how it is calculated—allows buyers and sellers to gauge the market realistically without being misled by outliers. For anyone considering property in Boroondara, these figures serve as both a benchmark and a guide for market expectations.
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