Great answer, Wendy!!! :)

It depends on what you're buying. A lot of bank repos are selling for as little as $40-50 psf. New construction is running about $100 psf, unless the builder is going under. You can get an excellent deal from a builder that is going out of business, but they won't be around to take care of your one-year warranty. For those builders that are weathering the market, they do not have as much room to play on their price, but they will be there after the sale to take care of any problems you may have. Some bank repos require a lot of work, others are in really good shape. Typically, if you're getting a bargain in terms of square footage, you can plan on putting more money into the home.

Good morning Gretta,

There are numerous things that factor into a home's price that can affect cost/square ft. Upgrades, age of home, location, and more can all significantly influence a home's price. I'm assuming you're looking for average cost/square foot for sold properties. For 65714, it is $74.94 for homes sold in the past year. For homes in the 65721 zip code, it is $57.53 for homes sold in the past year. Keep in mind that homes that sold for a lot more or less than the other properties will affect these values quite a bit.

If you're trying to determine a home's value, it would be much more accurate to have a real estate agent do a market analysis for you. Make sure they are using comps of similar style, age and location and making adjustments for differences between the properties. If you're looking for information on area trends, there are several different ways to look at that as well.

I would be happy to answer any questions you have or look at a more specific area or type of home for you. Please feel free to email me at wendyu1836@yahoo.com.