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Calculating Price Per Square Foot

Price per square foot normalizes property values so you can make fair comparisons between homes of different sizes.

Formula

Price Per Sq Ft = Property Price / Total Square Footage

When to Use

  • Comparing similar properties in the same neighborhood
  • Determining if a listing price is reasonable
  • Estimating the value of an addition or renovation
  • Esempio Risolto

    A home is listed at $350,000 and has 1,800 square feet of living space.

    1. Property price: $350,000
    2. Square footage: 1,800 sq ft
    3. Price per sq ft = $350,000 / 1,800 = $194.44 per sq ft
    4. Price per 100 sq ft = $194.44 x 100 = $19,444