What's a Median-Priced Home in Piedmont?

According to the website trulia.com, the median price for a home sold in Piedmont from mid-October to mid-December was $1.2 million.

The average price for homes now for sale is listed at $455,000. There's, of course, a difference between median and average.

What can you get for this price? Here's an example.

A four-bedroom, two-bath home at 15 Crest Road is listed at $1,150,000. 

The home, built in 1951, has 1,873 square feet and needs some work.