Real Estate Glossary > P > Price/Square Foot ($/Sq. Ft.) Definition

This is the list or the sale price of the home divided by the number of finished square feet. It determines how much a buyer will pay for a square foot of space and is helpful when comparing the sold prices of several homes of similar size. For every city, county, zip-code and neighborhood, Redfin graphs both the median The center value of an ordered set of data. When looking at a neighborhood's home prices, the median price is usually the best reflection of a typical price since it won't be affected by a few very expensive or cheap homes in the sample. listing $/sq.ft. for homes active on the market in the week ending on the date shown on the graph, as well as the median sold $/sq.ft., expressed as a 90-day moving value.