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What is the price of a "starter home" in your area?
Posted on 3/8/24 at 3:27 pm
Posted on 3/8/24 at 3:27 pm
What is the square footage?
Posted on 3/8/24 at 3:54 pm to L1C4
$275,000
1,650 SF
3BR 2BA
https://www.dsldhomes.com/communities/louisiana/baton-rouge
1,650 SF
3BR 2BA
https://www.dsldhomes.com/communities/louisiana/baton-rouge
This post was edited on 3/8/24 at 3:55 pm
Posted on 3/9/24 at 10:35 am to L1C4
Within 5 miles of my neighborhood
$600k
2200 sqft
3 bed 3 bath
New Construction is more like $700-800k 1800-2400sqft and on a tiny lot (less than 9000sqft).
$600k
2200 sqft
3 bed 3 bath
New Construction is more like $700-800k 1800-2400sqft and on a tiny lot (less than 9000sqft).
Posted on 3/9/24 at 3:28 pm to L1C4
Across the bay from Mobile, AL starter homes that did not need a bunch of work were in the $175,000 range. The past 3 years they just keep going up. The same homes are $300,000+ now.
I wouldn’t buy a home right now. Today sure has a 2008 feeling to it. I’m not saying the economy is going to collapse, but I believe the housing market will correct itself and pricing will go down. This kind of pricing is not sustainable for the lower middle class with these kind of interest rates. I paid $265,000 for my home 7 years ago. It’s nothing fancy. Just a 2,500 Sq Ft semi custom built home in a good area if you have kids. My neighbor took a job out of state and sold his home for $420,000. Look, I like my neighborhood but that house in no way, shape, or form is worth that much money. The neighbor on the other side retired, downsized, and sold his home for $480,000, but that house has a pool. Since you can’t get a pool built in a timely manner around here right now, pools are actually paying for themselves because families with kids are scarfing them up. I think when the market corrects itself there will be some serious bargains out there.
I wouldn’t buy a home right now. Today sure has a 2008 feeling to it. I’m not saying the economy is going to collapse, but I believe the housing market will correct itself and pricing will go down. This kind of pricing is not sustainable for the lower middle class with these kind of interest rates. I paid $265,000 for my home 7 years ago. It’s nothing fancy. Just a 2,500 Sq Ft semi custom built home in a good area if you have kids. My neighbor took a job out of state and sold his home for $420,000. Look, I like my neighborhood but that house in no way, shape, or form is worth that much money. The neighbor on the other side retired, downsized, and sold his home for $480,000, but that house has a pool. Since you can’t get a pool built in a timely manner around here right now, pools are actually paying for themselves because families with kids are scarfing them up. I think when the market corrects itself there will be some serious bargains out there.
This post was edited on 3/9/24 at 3:30 pm
Posted on 3/9/24 at 3:46 pm to L1C4
Around $600k for a basic new build 3/2. Fredericksburg, TX
Posted on 3/9/24 at 4:43 pm to L1C4
$279,000, 2000 square feet, Livingston Parish. It’s my house and i bought it for $192,000 in 2010. I’m glad i’m not trying to buy it today. ETA it’s in a desirable location for LP and was originally built as a “finisher house”, where retirees would downsize. But as they, well, move on, the neighborhood is taken over by young families starting out.
This post was edited on 3/9/24 at 4:56 pm
Posted on 3/9/24 at 9:38 pm to Rick9Plus
I don't want to talk about it
But then again I'm in Nashville.
But then again I'm in Nashville.
Posted on 3/10/24 at 7:28 pm to L1C4
Probably around $320k-$400k.
Around 2400+sqft.
Around 2400+sqft.
Posted on 3/10/24 at 9:19 pm to i am dan
quote:
Probably around $320k-$400k.
Around 2400+sqft.
Good lord. To me a starter home is 1 or 2 bedrooms.
Posted on 3/10/24 at 9:54 pm to DownshiftAndFloorIt
quote:Yep. A starter home was a 1,200-1,500 sq ft home in the past. People’s ideas of starter homes have changed drastically.
To me a starter home is 1 or 2 bedrooms
Posted on 3/10/24 at 10:59 pm to AFtigerFan
A home to raise 4 kids in and grow old and die in used to be a 2 bedroom 1500 Sq ft house.
Posted on 3/11/24 at 6:15 am to DownshiftAndFloorIt
quote:
Good lord. To me a starter home is 1 or 2 bedrooms.
Don't think they build many starter homes around here.
Only types of neighborhood around here are more expensive single family homes.
Not sure you can find anything under $300,000 around here. A bunch are over $400k. These are just nice, middle of the road homes with inflation thrown in.
Posted on 3/11/24 at 6:33 am to L1C4
550-600. 1300-1500 sqft 3 bed 1 bath.
This post was edited on 3/11/24 at 6:33 am
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