02/11/2026
“If it only costs $200 per square foot to build… why are new homes selling for $325?”
Fair question.
Let’s use a real Park County example:
1,700 sq ft
3 bed | 2 bath
3-car garage
At $325 per sq ft, that home sells for about:
1,700 × $325 = $552,500
So, where’s the gap?
The $200 per sq ft number usually covers the structure only:
1,700 × $200 = $340,000
But building doesn’t stop there.
You also have:
• Lot: ~$55,000-$70,000
• Site work & utilities: ~$30,000
• Construction loan interest: ~$20,000
• Permits, insurance, contingency
• Realtor commissions when it sells
Now you’re realistically in the:
$445,000–$475,000+ range before margin
And builders take real risk:
• Market shifts
• Weather delays
• Material swings
• Holding costs
When you look at full replacement cost — not just framing and drywall — pricing around $325 per sq ft in today’s Park County market can start to make sense in many situations.
If you’re considering building, buying new construction, or wondering what your current home is worth in today’s market, I’m always available to run the numbers and give you a clear picture.
No pressure — just good math.
— Jason Frank
RE/MAX Elevation
Lic # RE-17353
Cody, WY
