Compare homes by what you would actually get for the price. When a smaller property has a higher price per square foot, examine its condition and features before deciding whether it belongs on your shortlist.
For Colonie single-family homes and condos, townhouses and apartments, the latest market report lists a typical sale price of $285,000 for homes that sold. The typical price per square foot among those sold homes was $262. In the report's separate recent activity group, 10 properties closed. That recent activity group had a typical closed price of $280,000.
These sale figures offer context, but none assigns a value to a home you are considering. Price per square foot can be a useful check, not a substitute for comparing condition, layout and features. The best comparison is a review of recent sales of similar homes, alongside a clear view of your own priorities.
Choose must-have features before touring so an appealing detail does not obscure a poor fit. For each serious candidate, compare its size, condition and features with similar homes that sold. Ask about repair needs and arrange an inspection before committing to a decision that depends on the home's condition.
