You’re entirely welcome. It’s always nice to communicate with Eye on Housing readers.

Thank you! I was thinking averages! This was helpful 🙂

1. That was, in fact, a typo in the sentence. It should read $547,000 agreeing with the table. $472,000 was the median price in 2021. We have corrected the typo. Thank you for calling it to our attention.

2. Your calculation is dividing one median by another, an illegitimate mathematical operation that doesn’t yield a median or any other result with a meaningful interpretation. Below is a simple example of three homes with a median price of $537,000, a median size of 2,300 square ft, and a median price per square foot of $180.

House Price / Sq Ft / Price per Sq Ft
$250,000 / 2,000 / $125
$900,000 / 5,000 / $180
$547,000 / 2,300 / $238

1. Where you say
“Another trend that has continued is the one toward higher house prices. The median price of a new, age-restricted single family home started in 2022 and built for sale was $472,000—$75,000 higher than it was a year earlier and considerably above the $461,000 median price of non-age-restricted homes started in 2022.”

In the chart, the $472k shows to be $547k. do you have typo in the sentence or am i reading this wrong?

2. In the chart it shows Price per SF of $180. When you take $547,000/2,300 sf = $237. Am i missing something here?