How much are average house prices where you live?

[Chaotic42]

Land is pretty cheap around here...bough 20 acres with a massive barn (needed work though, pretty now) for $180k in 2004.

http://www.crab453.com/atot/IMG_0522.JPG

I'm jealous. I want at least 20 acres of woods plus a few for the house.

 

[I Saw OJ]

OP, what are the size of the houses in your area? 800k average price is insane unless they are mansion type houses.

 

[GWestphal]

225K will get you 2000 sqft in a decent neighborhood.

 

[PrinceofWands]

About 150k, but it's artificial...that's 30k higher than 5 years ago. We expect prices to stabilize around 135k soon.

 

[sjwaste]

$646,900 is the average for SFH in my area (defined as non-condo, non-townhouse). But we're right near the metro in Arlington, VA, so when you factor in the huge number of condos and THs, it's $437,300. Those are for my neighborhood.

Factoring in the entire county, its $520,700 for all homes, $654,100 for SFH only.

We got very lucky when we bought, managed to time the market right at the bottom and actually find a place in a desirable neighborhood -- listings were very thin. Our house is near the metro and cost significantly less than those medians. So no, I definitely don't have a 600k house.

 

[DannyLove]

It depends, but I would say 500k median and then you get into the rich/hilly areas down the street and you're talking 800k+

 

[DrPizza]

Land is pretty cheap around here...bough 20 acres with a massive barn (needed work though, pretty now) for $180k in 2004.

http://www.crab453.com/atot/IMG_0522.JPG

Ouch! Only 18 acres, but it's adjacent to 8500 acres of state land, completely refurbished barn (new board & batton siding, new roof), plus a 3-4 bedroom house; 42k 2005