What Is the Average Price Per Square Foot for a Home? | realtor.com 21 Oct 2016 ... If you're hoping to buy a house, the very first dollar figure you'll want to know is the home's price, of course. But a close second is its price per square footand the average price per square foot for a home in that neighborhood (or the median price, which is actually a better representative of the middle ground). Here's what you should know about these numbers, and how to use them to your advantage as you shop for a home.