this post was submitted on 09 Oct 2024
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Because that's what houses in that area were going for on the high end. Cost of living where I am now is redonk
Idk, $350k for a 3 bed isn't all that high. In my area, houses (and I use that term loosely) start at $400k or so, and a 3-bed would probably be $500k, and I'm not in some posh area either. I'd have to move quite far away to see anything under $400k that was anywhere near worth moving into.
That said, we bought our house for $250k, and it has more than doubled. It's a 4 bed, 3 bath (2 3/4 baths) with a garage and a decent lot (1/4 acre), so I'm guessing where you lived wasn't so different from where we bought 10-ish years ago. Houses have just gotten a lot more expensive, and if I moved next door, I'd have to offer at least $600k just to be taken seriously. If I looked anywhere remotely urban, I'd have to double it and drop the lot size.
So $350k is honestly pretty decent price for much of the country, assuming you're within commute distance of an urban area. And that's still nuts to me, because I thought $250k for our house was a little high at the time...