The average listing price is the arithmetic mean of the asking prices of every home for sale in an area. Unlike the median, it is influenced by outliers, so a few luxury listings can pull it well above the typical home.
Sum of active listing prices / number of active listings
Compare the average to the median: when the average sits far above the median, the market has a long tail of high-end inventory. For a sense of what a typical buyer faces, the median is usually the better guide.
See average listing price for any state, metro, county, or ZIP code in the Reatlas Market Explorer.
Explore the dataSource: Reatlas analysis of U.S. Census American Community Survey (ACS), Realtor.com, and Zillow market data.