Percentile Distribution

Percentile Distribution

Percentiles represent values on a scale of 100, showing where a particular observation lies in relation to a larger data set. In PriceLabs, percentiles help you understand how your property's prices compare to others in the market.

Before You Start

  • Percentiles are visible in the Neighborhood Data tab under the overview table
  • Most helpful when comparing listings of similar configurations (e.g., 2BR properties)

Benefits of Using Percentiles

  • Helps determine competitive pricing by showing where your price stands in the market
  • Aids in aligning pricing strategy with listing quality
  • Makes it easier to analyze market trends across property types

How to Check:

Overlay Your Prices

  1. Go to Pricing Dashboard → Review Prices on your listing.
  2. Navigate to the Neighborhood Data tab.
  3. You will find the Percentile Distribution under the Future Price graph.

Median Prices for Each Percentile

  1. Go to Pricing Dashboard → Review Prices on your listing.
  2. Navigate to the Neighborhood Data tab.
  3. Scroll down to Market Overview.

Which is the Right Percentile for Your Listing?

We prefer using these percentiles with respect to the quality  of your listing:
  • 25th Percentile: Best for listings with minimal amenities or few reviews
  • 50th Percentile: Ideal for average-quality listings—safe and market-aligned pricing
  • 75th Percentile: Suitable for high-end listings or when demand is high
  • Above 75th Percentile: Consider if your listing is performing very well or stands out in the market

Notes:

  • Percentiles vary based on the selected date range, bedroom type, and neighborhood
  • Higher percentiles reflect premium pricing and may reduce booking volume if demand is low
  • Use in conjunction with other tools like Market Dashboards and Comp Sets for optimal pricing decisions

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