Thes prices are on new single family homes. I am a bit surprised at the differences and it is interesting to see, yet a big piece of the picture is missing which is the price of the developed land.
The South Region had the least expensive spec homes, with median sales prices per square foot ranging from $78 in the East South Central division to $87 in the West South Central division.
“Typically, contractor-built custom homes are more expensive per square foot than spec homes after excluding improved lot values, suggesting that new custom home buyers are not only willing to wait longer to move into a new home but also pay extra for more expensive features and materials,”
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