Definition
Sale price divided by square footage—allows comparing homes of different sizes. A $400,000 home with 2,000 sq ft sells for $200 per square foot. Useful for quick comparison but doesn't account for condition or features.
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Price per square foot allows comparing properties of different sizes. Used in pricing, market analysis, and valuation. Can vary significantly by property condition and features.
Pro Tip
Use price per square foot to compare but also consider condition, location, and features.
Example
A $400,000 home with 2,000 sf selling for $200 per square foot.