Price Per Square Foot Calculator
Calculate $/sqft instantly, reverse-engineer an offer price from a target rate, and benchmark a property against up to three comparable sales.
Reverse: Implied Price from a Target $/sqft
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How to Use Price Per Square Foot to Value a Home
Price per square foot is the simplest way to normalize home prices for size: divide the sale price by the finished square footage. It's most useful as a comparison tool — pull three or more recently sold comps in the same neighborhood, average their $/sqft, and see whether your subject property is priced above or below the local market. A subject above the comp average may be overpriced; below could signal a deal.
That said, $/sqft is a blunt instrument. It ignores lot size, condition, finishes, layout, views, and location quality — all of which move value. Smaller homes often carry a higher $/sqft than larger ones because the kitchen and bathrooms (the most expensive rooms) are spread over fewer feet. Use $/sqft to screen and benchmark, then lean on a full comparative market analysis or appraisal for the final number.
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Frequently Asked Questions
How do I calculate price per square foot?
Divide the property's price by its finished square footage. For example, a $450,000 home with 2,000 square feet is $450,000 ÷ 2,000 = $225 per square foot. Use the home's livable, finished area for the most accurate and comparable figure.
What is a good price per square foot?
There is no universal good price per square foot — it depends entirely on location, neighborhood, condition, and market conditions. A figure that's a bargain in one city could be expensive in another. The best benchmark is the average $/sqft of recently sold comparable homes in the same area.
Is price per square foot a good way to value a home?
Price per square foot is a useful screening and comparison tool, but it shouldn't be the only metric. It ignores lot size, condition, finishes, layout, views, and location quality. Smaller homes often have a higher $/sqft because kitchens and bathrooms are spread over fewer feet. Use it alongside a full comparative market analysis.