09/06/2026
Price per square foot can be a helpful shorthand. It is not a final answer.
A number only means something when the homes are truly comparable. Fannie Mae’s appraisal guidance identifies several context points appraisers consider when comparing sales: site, room count, finished area, style, condition, and market area. 1
That is why a lower number should lead to a better question—not a snap conclusion:
What context is missing?
Comment PSF for the comparison worksheet.
Created with AI-assisted visuals. General education only—not appraisal, legal, tax, financial, lending, pricing, inspection, condition, or transaction advice. No property value, decision, buyer-interest, appraisal, price, savings, or outcome is promised.
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