Price Per Sqft Calculator
Calculate and compare property values using price per square foot analysis
Calculate Price Per Square Foot
Total purchase price
Livable floor space area
Calculation Results
Unit Conversions
Value Analysis
Property Comparison
Example Comparison
Property A
Price: $290,000
Size: 1,400 sqft
Per sqft: $207.14
Property B
Price: $310,000
Size: 1,200 sqft
Per sqft: $258.33
Property C ✓ Best Value
Price: $400,000
Size: 2,400 sqft
Per sqft: $166.67
Market Insights
National median: ~$150-200/sqft
Urban areas: $200-500/sqft
Luxury markets: $500-1,000+/sqft
Rural areas: $80-150/sqft
Property Tips
Compare similar properties in the same area
Consider property condition and age
Factor in location and amenities
Use livable space, not total lot size
Research local market trends
Understanding Price Per Square Foot
What is Price Per Square Foot?
Price per square foot is a standardized metric used in real estate to compare property values. It's calculated by dividing the total price (or rent) by the livable floor space in square feet, giving you a cost per unit of space.
Why Use This Metric?
- •Compare properties of different sizes fairly
- •Identify value opportunities in the market
- •Evaluate if a property is overpriced or underpriced
- •Make informed investment decisions
Calculation Formula
Price per Sqft = Total Price ÷ Square Footage
Example: $500,000 ÷ 2,000 sqft = $250/sqft
Important Considerations
Livable Space Only
Use finished, livable square footage, not garages or unfinished basements
Location Matters
Compare properties in similar neighborhoods and school districts
Property Condition
Factor in age, condition, and recent renovations
Market Context
High-Cost Markets
- • San Francisco: $800-1,500/sqft
- • Manhattan: $1,000-2,000+/sqft
- • Los Angeles: $400-800/sqft
- • Boston: $300-600/sqft
Moderate-Cost Markets
- • Chicago: $150-350/sqft
- • Dallas: $120-250/sqft
- • Atlanta: $100-200/sqft
- • Phoenix: $120-220/sqft