Question

Marty is selling her 2,950 square foot house and wants to list it for the average price per square foot for houses stills in her area. Based on the table that shows the last five houses sold, at what price will Marty list her house? (Round to nearest hundreds)

Answer 1

516

Explanation:

Answer 2

From the table, 5 houses sold.
The total price is
548,000 + 480,200 + 650,500 +,488,000 +,578,000 = $2,744,700
The total area is
3200 + 3100 + 3350 + 3225 + 2800 = 15,675 ft²
The price per square feet is
2744700/15675 = $175.1005 per sq. ft.

Marty's house 2950 ft².
On the basis of area, Marty's house should sell for
(2950 ft²)*(175.1005 $/ft²) = $516,546.41 = $516,500 (nearest hundredth)

Answer: $516,500 (nearest hundredth)