Real estate question

[sonrisa]

What does a 2000 sqft single family home in good condition go for in your town/area? (not necessarily fancy or updated for style, but not needing renovation beyond simple things like a new coat of paint)

We are trying to decide between renovating and selling/buying something with more space. Bay Area real estate has gone from bad to crazy (SF apt rentals have cratered while home sales in surrounding towns are insane. Whether a school system is back or not, whether it's a PGE blackout prone zone, etc all seem to affect sales.)

I need some perspective on whether we should just get out of dodge to somewhere sane or if everything is insane now.

[calamity]

Around $400k

[penguingrrl]

$600-800K, and taxes will run $12-15K/yr. we’re in northern coastal NJ, a decent commute to parts of Manhattan (difficult to other parts) with decent but not stellar public transportation.

[redpanda]

Oct 27, 2020 16:49:38 GMT -5 calamity said:

Around $400k

Same

[sookiestjames]

1.5mil

[redredwine]

Around $500k; PNW area.

[snipsnsnails]

There's a little fluctuation just between the different surrounding towns, but, generally, starting at $550k or $600k and going up to $800k or $900k.

Oh yeah, I am in NYC metro area, but you know that. ;-p

[Patsy Baloney]

I just did a search for my area and it looks like about $175-$250k, depending on age and location in the town.

We’re pretty LCOL Illinois, obviously.

[arehopsveggies]

We paid $170,000 but it was not updated at all.
Maybe $200-250 for something newer/nicer.

Rural area though. We get by on less than $40,000/year

[orangello]

$550k - $950k. I am in a weird market however, lots of historic homes of all different sizes and update levels, and it’s block by block what the average would be. Very close in Chicago suburb. Here, reno’ing would 100% be the smart move, lots of people with money who dont want to spend the time doing the work, so they’d rather pay for a finished product.

[cereal K]

In my immediate area, around $250k-500k. The STL area is a weird patchwork though, with a ton of towns and cities carved out of relatively small areas. Going a mile in any direction could change home cost and value a lot. Also, while I’m not sure I believe this, I’ve heard from people that have moved to the area in the past that housing prices are “high” compared to other similarly sized/similar COL areas.

[devonpow]

Over 1 million. Around 1.5 - 1.75 likely for that square footage. We are right outside of Boston.

[jackie011]

My house is about $300,000 and it’s pretty average. You could get a much nicer home, closer in to the heart of the city for $350,000-$400,000.

[tripleshot]

$225-250k

[anonymous]

In my zip code, about 650-750k right now. DC suburb on MD side. Same town but different zip would be more or less, depending on the zip.

[wildrice]

Apparently the real estate market here is such that there is almost nothing listed as far as single family homes right now. Odd!

I would guess a SFH like that would be between 400-500k, perhaps a bit more if there is something really desirable about it. Maybe a little less if it needs a lot of work. We are in a Baltimore/DC metro area suburb.

[TR]

In my zip code it looks like $350,000 - $500,000 depending on neighborhood. I'm north of Dallas, TX.

[HRH Queen Dick I, Orphan]

Don't do this to yourself. You know the answers.

[Cappy]

$250k 

[nsl]

$400K-$600K depending on the zip code within my little city.

[lust2hart]

Around $215,000

[juliachild]

About $300k. Real estate is sane. The people are not...

[gretchenindisguise]

Under 2k attached townhouse in our neighborhood are 800-850k.

To get a sfh, you're at 1mil to stay in our school district.

We may rent forever.

[jwright]

In my neighborhood- around $600k. With a wider radius it could be $350 - $1M. Although, I’m not sure what you could get for $350k, probably fair condition if not worse.

[bronxgirl]

Roughly around 1 million or so.

[sproctopus]

Where I am in CT, about 250-300. But like...1 town over is around 180 and the other side is 500.

It's all made-up.

[sadlebred]

In my Atlanta suburb, $275,000-400,000. It varies by street, neighborhood, and school district.

[Whitecaps]

Probably $180k to $220k in my specific neighborhood.

[al dente]

800-few mil.

A lot of SFH are smaller then 2,000 sq ft and they might be in the mid 700s.

[ellipses84]

$800k in one of the last affordable centrally located neighborhoods of a SoCal city. Although 2k SF houses are hard to find, so there’s lots of 1200-1600 SF houses for $600-700k. Prices have skyrocketed in the past year and we can’t even find a 3 bedroom 2 bath rental available. They are like $3k/month and we are having to put applications in sight unseen with multiple other applicants. With so many people WFH, everyone wants a house and yard.