Top School Districts Lift Home Prices

Homes within highly rated school districts tend to have a higher median sales price, sell for a greater percentage over the list price, and sell faster, according to a new study by the real estate brokerage Redfin. Highly rated public schools were found to have homes with a median sales price of $474, 900 compared to $290, 000 in an average-rated school zone. Redfin researchers also found that homes in top school districts are more likely to sell for 30 percent above the list price versus 23 percent.
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