Multiple Conditions In MS Excel Array

Question

I'm trying to find the median price (SP) of existing homes ( NewCon="No" ) for each month in my spreadsheet. For some reason, I get an error using each of the two formulas:

{=MEDIAN(IF(DATE(YEAR(Closing_Date),1,1)=$G2,IF(NewCon="No",SP)))}

Have also tried:

{=MEDIAN(IF(DATE(YEAR(Closing_Date),1,1)=$G2*(NewCon="No"),SP))}

Any help is greatly appreciated.

Expected Outcome:

Answer 1

Use this regular formula:

=AGGREGATE(17,6,SP/((YEAR(Closing_Date)=$G2)*(NewCon="No")),2)

Or you can use your array entered formula:

=MEDIAN(IF((YEAR(Closing_Date)=$G2)*(NewCon="No"),SP))

With Ctrl-Shift-Enter.