Price per Square Foot Calculator
Calculate price per square foot from your own entered figures.
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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.
What this tool does
Calculate price per square foot from your own entered figures. User-entered property figures only. Estimates exclude costs not entered and are not investment advice. Use finished, above-grade living area consistently for every home you compare; garages, unfinished basements and lot value distort the comparison.
How to use the Price per Square Foot Calculator
- Enter or select home price.
- Enter or select living area (sq ft).
- Enter or select comparison home area (sq ft).
- Read the calculated result; change any measurement to compare alternatives.
Formula
price per square foot=price/living area; comparison home estimate=price per square foot×comparison area
- price
- Home price
- area
- Living area (sq ft)
- altArea
- Comparison home area (sq ft)
User-entered property figures only. Estimates exclude costs not entered and are not investment advice. Use finished, above-grade living area consistently for every home you compare; garages, unfinished basements and lot value distort the comparison.
Worked example
For price per square foot calculator, the following measurements illustrate the exact method: Home price: 450000; Living area (sq ft): 2000; Comparison home area (sq ft): 2500.
Inputs
- Home price450000
- Living area (sq ft)2000
- Comparison home area (sq ft)2500
Result
- Price per square foot225
- Estimated price of comparison home at the same price per sq ft$562,500.00
- Total price entered$450,000.00
Results explained
- Price per square foot
- Price per square foot from the formula above. User-entered property figures only. Estimates exclude costs not entered and are not investment advice. Use finished, above-grade living area consistently for every home you compare; garages, unfinished basements and lot value distort the comparison.
- Estimated price of comparison home at the same price per sq ft
- Estimated price of comparison home at the same price per sq ft from the formula above. User-entered property figures only. Estimates exclude costs not entered and are not investment advice. Use finished, above-grade living area consistently for every home you compare; garages, unfinished basements and lot value distort the comparison.
- Total price entered
- Total price entered from the formula above. User-entered property figures only. Estimates exclude costs not entered and are not investment advice. Use finished, above-grade living area consistently for every home you compare; garages, unfinished basements and lot value distort the comparison.
Frequently asked questions
Divide the price by the finished living area. A $450,000 home with 2,000 sq ft costs $225 per square foot. Use the same area definition for every home or the comparison is meaningless.
Finished, heated, above-grade living area — the figure listings and appraisals normally report. Including a garage or unfinished basement inflates the area and makes the price per square foot look artificially low.
Fixed costs like kitchens, bathrooms, land and permits are spread over fewer square feet, and land value does not shrink with the house. Price per square foot therefore tends to fall as homes get bigger in the same neighbourhood.
No. It ignores condition, age, lot, layout and location within a neighbourhood. Use it as a first screen, then adjust for the differences an appraiser would price.
Multiply a benchmark price per square foot by another home's area to estimate its price at the same rate — the comparison-home output does exactly this. It is a sanity check, not an appraisal.