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Price per Square Foot Formula

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Price per Square Foot quantifies the cost of a property relative to its size. Check FAQs

P sqf = \frac{PSP}{T sqf}

P_sqf - Price per Square Foot?PSP - Property Sale Price?T_sqf - Total Square Footage?

Price per Square Foot Example

With values

With units

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Here is how the Price per Square Foot equation looks like with Values.

Here is how the Price per Square Foot equation looks like with Units.

Here is how the Price per Square Foot equation looks like.

7500 = \frac{450000}{60}

7500 = \frac{450000}{60}

7500 = \frac{450000}{60}

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Price per Square Foot Solution

Follow our step by step solution on how to calculate Price per Square Foot?

FIRST Step Consider the formula

P sqf = \frac{PSP}{T sqf}

Next Step Substitute values of Variables

∴

P sqf = \frac{450000}{60}

Next Step Prepare to Evaluate

∴

P sqf = \frac{450000}{60}

LAST Step Evaluate

∴

P sqf = 7500

Price per Square Foot Formula Elements

Variables

Price per Square Foot

Price per Square Foot quantifies the cost of a property relative to its size.

Symbol: P_sqf

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Price per Square Foot

Property Sale Price

Property Sale Price refers to the amount of money exchanged between the buyer and seller in a real estate transaction.

Symbol: PSP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Property Sale Price

Total Square Footage

Total Square Footage refers to the entire area enclosed within the boundaries of a property, typically measured in square feet.

Symbol: T_sqf

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Square Footage

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How to Evaluate Price per Square Foot?

Price per Square Foot evaluator uses Price per Square Foot = Property Sale Price/Total Square Footage to evaluate the Price per Square Foot, Price per Square Foot is a common metric used in real estate to evaluate the value of properties, particularly in residential and commercial sectors. Price per Square Foot is denoted by P_sqf symbol.

How to evaluate Price per Square Foot using this online evaluator? To use this online evaluator for Price per Square Foot, enter Property Sale Price (PSP) & Total Square Footage (T_sqf) and hit the calculate button.

FAQs on Price per Square Foot

What is the formula to find Price per Square Foot?

The formula of Price per Square Foot is expressed as Price per Square Foot = Property Sale Price/Total Square Footage. Here is an example- 7500 = 450000/60.

How to calculate Price per Square Foot?

With Property Sale Price (PSP) & Total Square Footage (T_sqf) we can find Price per Square Foot using the formula - Price per Square Foot = Property Sale Price/Total Square Footage.

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Price per Square Foot Formula

Price per Square Foot Example

Price per Square Foot Solution

Price per Square Foot Formula Elements

Other formulas in Important Formulas of Mortgage and Real Estate category

How to Evaluate Price per Square Foot?

FAQs on Price per Square Foot

Variable Name