Wholesaling how to calculate ARV if no rehabs in the area?

[Wendy Busa]

This may be a newbie stupid question, I located a property that I want to analyze to wholesale. It is in a small town, so there are not any rehabbed properties to see what an ARV would be. All homes sold in the last 6 months where sold in the same condition as this property. I like the location because the town is only 40 minutes from 2 major cities.

According to Redfin market insights, the median price per square foot is $140, should I base my ARV on that?

Thank you.