Tool
Price Per Square Foot Calculator
Calculate price per square foot from property price and square footage.
Real Estate Calculators
What this tool does
Normalize property prices by size to compare listings, neighborhoods, and asset classes on a common basis.
How to use
- Enter the property price or offer amount.
- Enter finished square footage used in the listing.
- Review price per square foot and compare with nearby comps.
Formula
price per square foot = property price ÷ square footage
Examples
Single-family listing
Input: Price: $450,000, Square footage: 1,800
Output: Price per square foot: $250.00
450,000 ÷ 1,800 = $250 per square foot.
Assumptions
- Square footage matches the basis used in comparable listings.
- Price includes the full purchase amount before credits or concessions.
- Metric is a comparison aid, not a valuation or appraisal.
Common use cases
- Compare similar listings in one neighborhood
- Screen overpriced or underpriced properties
- Summarize comp metrics for investors
FAQ
Should I use living area or total area?
Use the same square footage basis as your comps, usually above-grade living area.
Does this include lot value?
Price per square foot reflects the full purchase price, including land and improvements.
Can I compare different markets?
Use caution. Location, condition, and product type strongly affect $/sq ft benchmarks.
Source notes
- Price per square foot is a common normalization metric in residential comps.
- Pair with cap rate and ROI tools for investment screening.
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Last reviewed: 2026-05-23