I also question the quality of materials you're getting for that price, as well as the architecture of the house. In the same area, I've seen 4000 sq ft. houses sell for $150,000 and 4000 sq ft. houses sell for over a million in the same area. All materials and building plans are not equal, so it's still more than just land.
I also wonder how much house flipping (or people having to update their own house before selling) has pushed prices up.
I also question the quality of materials you're getting for that price, as well as the architecture of the house. In the same area, I've seen 4000 sq ft. houses sell for $150,000 and 4000 sq ft. houses sell for over a million in the same area. All materials and building plans are not equal, so it's still more than just land.
I also wonder how much house flipping (or people having to update their own house before selling) has pushed prices up.