Python 3.4 has statistics.median:

Return the median (middle value) of numeric data.

When the number of data points is odd, return the middle data point. When the number of data points is even, the median is interpolated by taking the average of the two middle values:

>>> median([1, 3, 5])
3
>>> median([1, 3, 5, 7])
4.0

Usage:

import statistics

items = [6, 1, 8, 2, 3]

statistics.median(items)
#>>> 3

It's pretty careful with types, too:

statistics.median(map(float, items))
#>>> 3.0

from decimal import Decimal
statistics.median(map(Decimal, items))
#>>> Decimal('3')