Looking at the markets around the country gives you a better indication of what you should truly be paying in your market. Here are the prices of three bedroom homes in some of the benchmark cities in the US and some of the local characteristics that may affect that price.
What can I expect to pay for a three bedroom house in San Diego?
As a cultural center for college kids, up-and-coming professionals, and established tycoons of various industries, San Diego needs to have something for everybody. The resulting price for a three bedroom house is surprisingly low for a beachfront city. You can get into San Diego for $349,000. This will give you around 1800 square feet and some yardspace to play with. The school districts in the city are some of the best in the US, so families can move into the suburban areas with confidence.
What can I expect to pay for a three bedroom house in New York?
When you talk about New York, you are talking about the biggest melting pot that the US has to offer. From immigrants to heads of international corporations, New York has it all, and this is reflected in the housing prices. Depending on how close you want to be to the center of the action, you can get a 2000 square foot, three bedroom home for $164,000 or $16,400,000. In order to calculate a true average price for New York housing, you should really drill down into the borough and neighborhood that catches your eye. However, you should only do this on top flight real estate sites with up to date listings.
What can I expect to pay for a three bedroom house in Baltimore?
Baltimore gives you more three bedroom luxury than any major city for your money. You can get full granite countertops, wood grain floors, and new appliances for less than $200,000. Depending on the neighborhood, you can actually get into Baltimore for less than $150,000. With all of the economic opportunity that is available in the area, young families can definitely find a great life here.
What can I expect to pay for a three bedroom house in Birmingham?
Birmingham continues to be one of the most underrated metropolitan cities in the US. The housing market in the area reflects this, and Birmingham may be one of the cities to look to for investment in the future as well as residence for the present. You can get into a three bedroom home in the city for around $240,000.
What can I expect to pay for a three bedroom house in Chicago?
Chicago continues to be a center of commerce and investment property. Whether you are looking at a primary residence or an investment property, Chicago is a great city for real estate. Its architecture is unique to the area: You will only find the Chicago bungalow in Chicago. The pricing, however, is cheaper than you might think. You can get into Chicago for $250,000, with most of the housing hovering around $325,000. However, you can also take a trip down luxury lane along the Magnificent Mile or West Town neighborhoods and easily pay $1 million for a three bedroom.
What can I expect to pay for a three bedroom house in Seattle?
As one of the most expensive cities in the US, Seattle continues to be a hub of commerce for established families who are looking for a safe, upscale, residential lifestyle. A Seattle three bedroom will set you back around $450,000 for 2000 square feet.
What can I expect to pay for a three bedroom house in San Francisco?
As the number one most expensive city in the US, San Francisco is the benchmark for the domestic US market. If you see another three bedroom home anywhere near the prices of a San Francisco home without a San Francisco zip code, you should immediately know that something is wrong. This city will run you around $600,000 for a three bedroom house in a reputable neighborhood, which is to say a neighborhood in the proximity of open social climbers, because there are really no bad neighborhoods in San Francisco.
What can I expect to pay for a three bedroom house in Austin?
Austin is beginning to see a slight prbium on its best housing as commercial interests start to capitalize on the burgeoning talent and opportunity in the city. With the growth of commerce comes the growth of residential areas, and a good three bedroom house in Austin will cost you around $375,000 for 2000 square feet, give or take a dozen steps. Some of the better neighborhoods or communities nearer to centers of commerce, like Sixth Street will be higher – in the neighborhood of $550,000.
What can I expect to pay for a three bedroom house in Detroit?
With all of the political and economic unrest around the state of Michigan, one would expect a dip in the real estate around cities like Flint and Detroit. Families are leaving the area; however, commercial interests are eyeing it for a rebirth. Case in point: Contrary to any news propaganda, downtown Detroit continues to be one of the greatest and cleanest centers of commerce in the US. The result for Detroit is a volatile but slightly depressed housing market that may be ripe for taking profit. A three bedroom in Detroit will cost you $250,000 in a good neighborhood.
2 Point Highlight
As the number one most expensive city in the US, San Francisco is the benchmark for the domestic US market.
The result for Detroit is a volatile but slightly depressed housing market that may be ripe for taking profit.
