How does Price Per Square Foot vary based on the age of a home?
Scott P. Rogers
As you'd expect, newer homes sell at a higher price per square foot.
As shown above, the Median Price Per Square Foot of single family homes varies based on the age of the home.
- New homes are selling at a median of $142/SF -- having risen 9% over the past four years.
- Non-new homes built since 1970 are selling at a median of $118/SF -- having risen 11% over the past four years.
- Homes built prior to 1970 are selling at a median of $103/SF -- having risen 11% over the past four years.
