Price Per Square Foot Calculator: Instantly Determine Property Value Ratio
Enter a property’s price and size; the calculator instantly outputs its price per square foot—simply divide dollars by square feet. U.S. homes averaged $222 per sq ft in 2023 (Redfin Data Center, 2023).
Price Per Square Foot Calculator
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How to use the tool
Input market value. Type the asking price—for instance 420000 or 587500 USD.
Input square footage. Enter the size, e.g., 2100 sq ft or 1765 sq ft.
Press “Calculate”. The tool shows your price per square foot instantly.
Compare results. Lower numbers signal better value relative to local benchmarks.
Formula
$$
\text{Price Per Square Foot}= \text{Market Value (USD)} \;/\; \text{Square Footage (sq ft)}
$$
Example calculations
Home A: $420 000 ÷ 2 100 sq ft = $200.00/sq ft.
Home B: $350 000 ÷ 1 400 sq ft = $250.00/sq ft.
Quick-Facts
Median U.S. residential price per sq ft: $222 in 2023 (Redfin Data Center, 2023).
Average new-build cost: $153 per sq ft (National Association of Home Builders, 2022).
Commercial office rent: $38.50 per sq ft in Q4 2022 (CBRE U.S. MarketFlash, 2023).
“Appraisers adjust ±1% for every 10 sq ft variance” (Fannie Mae Selling Guide B4-1.3-03, 2022).
FAQ
What is price per square foot?
Price per square foot standardizes property cost by dividing the sale price by its area, letting you compare differently sized properties on equal footing (Appraisal Institute, 2020).
Why does location affect this metric so strongly?
Land scarcity, zoning, and amenity access raise urban dollars-per-sq ft; suburban areas with abundant land trend lower (Urban Land Institute, 2023).
How accurate is the calculator?
It’s mathematically exact; accuracy depends on your input measurements and current market prices verified by recent sales data (CoreLogic Housing Insights, 2023).
Can I use it for commercial real estate?
Yes—investors routinely quote office rents and warehouse deals in dollars per square foot to benchmark against market averages (JLL U.S. Outlook, 2023).
Does a higher figure always mean overpricing?
No. High-rise condos may exceed $1 000 / sq ft due to premium views and amenities despite fair market value (Knight Frank Global Cities Report, 2022).
How often should I recalculate?
Update monthly in volatile markets; quarterly suffices in stable regions, mirroring practices recommended by the National Association of Realtors (NAR, 2023).
What other factors should I check?
Condition, age, energy efficiency, and school zoning also shift value—price per square foot is one piece of the appraisal puzzle (FHFA Valuation Guidelines, 2022).
Is it suitable for metric measurements?
Yes—enter price in local currency and area in square metres; convert by multiplying result by 10.763 to display sq ft equivalent (ISO 9836, 2017).
Important Disclaimer
The calculations, results, and content provided by our tools are not guaranteed to be accurate, complete, or reliable. Users are responsible for verifying and interpreting the results. Our content and tools may contain errors, biases, or inconsistencies. We reserve the right to save inputs and outputs from our tools for the purposes of error debugging, bias identification, and performance improvement. External companies providing AI models used in our tools may also save and process data in accordance with their own policies. By using our tools, you consent to this data collection and processing. We reserve the right to limit the usage of our tools based on current usability factors. By using our tools, you acknowledge that you have read, understood, and agreed to this disclaimer. You accept the inherent risks and limitations associated with the use of our tools and services.
