Appraisers use $/sqft to quickly compare similar properties. A wide spread between comps can indicate square footage adjustments are needed.
Buyer due diligence
Compare a listing's $/sqft against recent sales in the same neighborhood to gauge whether it's priced fairly. Watch for MLS square footage accuracy issues that can skew the number.
Know the limits
Price per sqft ignores lot size, condition, amenities, and location within a neighborhood. Learn more about how square footage affects home value beyond $/sqft.