Here's how to calculate the price per Sq. Ft. on your home

Get your calculators out!

Let’s say your home is 2,000 square feet and you want to sell it for $1,000,000.

To figure out your home’s price per square foot at that selling price is easy.

Plug into the calculator 1,000,000 (the asking price of the home) and divide it by 2,000 (the square footage of the home).

That equation equals 500 ($500 per square foot for the home).

Therefore, if your 2,000 square foot home sells at $1,000,000, the price per square foot for your home is $500.

How to calculate square footage cost

If you live in a condo, take a look at the price per square foot other units in your building have recently sold for.

That is one way to figure out what your unit is currently worth.

It's not as easy with a single-family home.

Unlike a condo, with a single-family home, you have to take the lot size into consideration as well.