Would it be better to go by $/sq. ft. when making offers (i.e. evaluating what is reasonable to pay)?[/quote]
I recommend using Redfin as a source for researching. Yes, sq ft is am important measure for comps (comparables), which you will see on their website. Be careful with their quick comp data. They suggest you do your own CMA (comparative market analysis), and show you how to do it, using their data. It’s a very useful, informative website for those who want to do their homework before buying.