Median home price $1,779,388 for my city of 25,000 in the suburbs of Seattle.
The city is appraising almost all the value on the land, which are 1/4 acres.
That calculates to ~~$6M/acre. That is government fantasy. The market price would be more like $4M/acre.
The city building department adds so much cost to building a new house, that typically all an old house is torn down but the rear foundation wall, and it is called a "remodel".
10 years ago it took $30k in permits for my neigbor to repair his house after it was hit by a tree. Imagine what they would charge now.
