1. What is Price per Square Foot?

Price per square foot is a common measurement used in real estate to compare properties of different sizes by standardizing the price to a per-unit area.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Total Price — The complete purchase price or value of the property in USD
• Square Footage — The total area of the property in square feet

Explanation: This calculation normalizes property prices to allow for apples-to-apples comparisons regardless of size differences.

3. Importance of Price per Square Foot

Details: Price per square foot helps buyers compare properties, assess market value, and identify good deals. It's especially useful when comparing similar properties in the same area.

4. Using the Calculator

Tips: Enter the total price in USD and the square footage in sqft. Both values must be positive numbers. The calculator will automatically compute the price per square foot.

5. Frequently Asked Questions (FAQ)

Q1: What's a good price per square foot?
A: This varies dramatically by location, property type, and market conditions. Compare with similar recent sales in the area.

Q2: Does price per square foot include land?
A: Typically yes, unless you're calculating building-only price per sqft for improvement comparisons.

Q3: Why do smaller homes often have higher price per square foot?
A: Fixed costs (like kitchens and bathrooms) are spread over fewer square feet in smaller homes.

Q4: Should I use price per square foot for renovations?
A: Yes, it's useful for estimating renovation costs and comparing contractor bids.

Q5: Are there limitations to price per square foot?
A: It doesn't account for layout efficiency, lot characteristics, or premium features that affect value.