The Median Sales Price per Square Foot has risen steadily over the last several years: $10/sqft/year recently to a robust $169.94/sqft last month.
What does that mean in terms of real dollars? A quick back-of-the-napkin calculation says a 2,200 sqft home, selling at the median price per square foot of $170, will cost $374,000. Say goodbye to the days of starter homes and cheap housing in this neck of the woods...
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.