Confusion about the market

[Cory Sanders]

Hello All!

I am a newbie in real estate and have even taken steps to become a licensed real estate agent in the state of Texas. I really want to focus on fix and flip to begin with then possibly move to buy and hold later. I analyze deals regularly but I get confused about the list price versus what an app like Trulia or Zillow will say is the median market price for a neighborhood. Example: List $49,500 Median list price for the neighborhood $89,000. Maybe I am thinking too hard but any help would be welcome. Thank you!

[Stewart Vargas-Sosa]

The median price is just that, a median. Perhaps the particular house you are looking at is one that is located within the neighborhood yet is on the lower end of the median range. If the house checks out you may have a deal on your hands considering what the other houses in the area are going for. You'd want to run proper comps to make sure though.