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Median Sale Price
Just curious when you see eBay suggest "Median Sale Price" does that suggested price include shipping?
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Just curious when you see eBay suggest "Median Sale Price" does that suggested price include shipping?
crawfordcollects
·1 year agoTo answer the question... NO.
mr_lincoln
·2 years agoHi @mkhtreasures2
I think it is easier for eBay to generate a Median price for items since it represents the mid point between the high and low item price that was sold. That's only 2 numbers their system has to deal with opposed to trying to calculate an Average price which would include almost every one of the millions or even billions of items sold on the venue.
It might point to whether or not an item is valuable more then a number used to list a similar item for sale. Seeing a Median price of $ 150 is a whole lot different then one at say $ 15 ...
I do my own sold search research despite any pricing eBay offers ... the reason for that is I have no clue what listings eBay used for calculation purposes and in the world of Vintage collectibles quality may heavily influence pricing more than anything else and that is the unknown part of the equation.
bashort
·2 years agoThe only way that median price can be fairly accurately determined over time is go to terapeak and do your search then go through each result and eliminate the ones that are not comparable to what you are selling,
tobaccocardyahoo
·2 years agoAuction phenomena are more complex in price records.
Typically, a rare item which has little history of sales will yield a price at auction which will never be seen again.
The high price it yields will draw other examples of the item out of attics and closets, and it will be more common and have fewer bids.
Or there were only two bidders for the item, one now has one and the one remaining bidder gets a bargain at the next opportunity.
Or an item sells for a pathetic price and some bidder takes it as a single bid bargain. Worthpoint or terapeak repeats that price for 20 years, devaluing the item online. In the meantime, offline sales show a much higher price for the item.
dbfolks166mt
·2 years agoAuction phenomena are more complex in price records.
Typically, a rare item which has little history of sales will yield a price at auction which will never be seen again.
The high price it yields will draw other examples of the item out of attics and closets, and it will be more common and have fewer bids.
Or there were only two bidders for the item, one now has one and the one remaining bidder gets a bargain at the next opportunity.
Or an item sells for a pathetic price and some bidder takes it as a single bid bargain. Worthpoint or terapeak repeats that price for 20 years, devaluing the item online. In the meantime, offline sales show a much higher price for the item.
I would tend to agree that there is no logic, rhyme or reason to auction outcomes. I was at a live physical gun auction once and among the items were two WWI 1911 Colt 45 automatic pistols. Both were almost identical in every way, condition, accessories.... but of course different serial numbers. They were auctioned off separately. When the first one was auctioned there were a LOT of initial bidders but of course that thinned down as the price increased. It came down to 2 buyers, call them A and B. Buyer A purchased the first one for around $5,000.00. The same situation took place with the second one as far as the initial bidders and it coming down to the same 2 final bidders A and B. Buyer A also purchased the second one but the final bid was around $6,500.00 for that one.
I just sat there and shook my head in amazement wondering what a third one would have brought if they had had one. You can never predict what people may do.
frankenhobbit
·2 years agoI'm not an expert by any means, but I have found throwing darts blindfolded at a dartboard to give a better indication of a selling price than that 'median sale price'. Shipping or no shipping.
But, to answer the question, as shipping is variable by location/method, I would imagine it is without shipping.
tobaccocardyahoo
·2 years agoMedian sale price includes shipping for items sold by sellers who offer free shipping.
Median sale price includes items in a wide range of conditions without differentiating them.
Median sale price includes items from sellers with varying knowledge and IQs.
It can be useful, but not as often as some sellers who let it influence them think.
lisa5768
·2 years ago@mkhtreasures2
Be careful with relying on eBay's suggested or median selling prices. The price you see is based on similar keywords to yours that the algorithm then uses to get that range. It can be useful when selling new commodity items but for used, vintage, and in demand items it may not be very accurate. I prefer to do my own research to find good matching sold items.
ltldpr
·2 years agoKeywords being "similar" and "algorithm". It definitely doesn't take into account you selling a lot of 4 vs another seller of a single item - your 4 item lot should be the same price or lower of the single item listing according to the suggestions. Sometimes, they're not even the same material, or item type.
Unfortunately, I watched a video where the person asked one of the Cassini developers how to actually show up on the eBay search algorithm, and one of the points was using the suggested prices from eBay. I still ignore them, though.
sumsum70
·2 years agoIgnore that nonsense and do your own price research. The results are skewed due to scenarios like this:
1) Widget routinely sells via BIN for about $100
2) Dumb seller lists 6 widgets in auction format listings
3) Bargain hunter buyers or competitors win the auctions for $20 each
dbfolks166mt
·2 years agoIgnore that nonsense and do your own price research. The results are skewed due to scenarios like this:
1) Widget routinely sells via BIN for about $100
2) Dumb seller lists 6 widgets in auction format listings
3) Bargain hunter buyers or competitors win the auctions for $20 each
Or the opposite of 2 & 3 happen and seller lists 6 widgets in auction format and auction fanatics get into a bidding war and the 6 widgets are bid up and sell for $150+ each. I have sold a number of items on auction format that have exceeded what bidders could have purchased the same item for at a BIN price.
One thing is for sure with BIN you will NEVER get more than your asking price unless it is a scam attempt.
mkhtreasures2
OP2 years agoI normally do my own research on my items, I was just more curious than anything.
Thank you for your input though, I appreciate it
Happy Selling
dbfolks166mt
·2 years agoUnsure if it includes shipping or not. I never look at the suggested price, or at a lot of other things eBay suggests.
sextons-sweet-deals
·2 years agoIgnore!
Do your research and list at the price you decide on.
Remember! You are the owner! Not eBay.
inhawaii
·2 years agoNo, it does not.
stainlessenginecovers
·2 years agoNo; but when searching for an item, once a buyer inputs the keywords 'blue jump rope', they can then 'easily' sort by 'lowest price including shipping, first' so overall, you really want to be the lowest price (also eBay scrolls 'other similar items' right in your listing and if it shows someone else's item that is lower priced, you probably just lost a sale)