Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in the United States (MEDSQUFEEUS) from Jul 2016 to Oct 2025 about square feet, median, and USA.

In 2024, the average size of a single-family home built for sale in the United States amounted to ***** square feet. Although in the past five years American homes have been shrinking, since 1975, they have almost doubled in size. This trend towards larger homes seems illogical given that the average size of families has shrunk over the same period. Why are American homes so large? Homes in the U.S. are among the largest in the world, only surpassed by Australia. There are thought to be several reasons for this, including the concentration of wealth in the country and the deeply engrained driving culture, which means that cheaper land outside city centers is easily accessible. Where are the largest homes located? The size of homes also varies regionally, with the largest homes being located in wealthy, urban areas and in the South. Large homes, or McMansions as they’re often called, are especially popular in Texas. In 2024, Milwaukee and Omaha had the largest average home size.

Between July 2023 and July 2024, the average size of luxury homes sold in North America decreased. In 2024, the average size of a single-family home was ***** square feet, while the average size of an attached home was ***** square feet.

In 2018, the average home size in the United States was ***** square feet, and the size of the average home is set to fall to ***** square feet by 2023.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in New Jersey (MEDSQUFEENJ) from Jul 2016 to Oct 2025 about square feet, NJ, median, and USA.

Prices for luxury housing in July 2024 were slightly lower than the market peak in 2021 and 2022. Luxury single-family properties had a median square footage price of *** U.S. dollars in July 2024, down from *** U.S. dollars in July 2022. Attached houses, on the other hand, had a median price of *** U.S. dollars per square foot, down from *** U.S. dollars in July 2021.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Missouri (MEDSQUFEEMO) from Jul 2016 to Oct 2025 about square feet, MO, median, and USA.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting ****** U.S. dollars per square foot in 2024. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in San Francisco County/city, CA (MEDSQUFEE6075) from Jul 2016 to Oct 2025 about San Francisco County/City, CA; square feet; median; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Florida (MEDLISPRIPERSQUFEEFL) from Jul 2016 to Oct 2025 about square feet, FL, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Salt Lake City, UT (CBSA) (MEDSQUFEE41620) from Jul 2016 to Oct 2025 about Salt Lake City, UT, square feet, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Chicago-Naperville-Elgin, IL-IN-WI (CBSA) (MEDSQUFEE16980) from Jul 2016 to Oct 2025 about Chicago, square feet, WI, IN, IL, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Lexington-Fayette, KY (CBSA) (MEDSQUFEE30460) from Jul 2016 to Oct 2025 about Lexington, square feet, KY, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Oregon (MEDSQUFEEOR) from Jul 2016 to Oct 2025 about OR, square feet, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in North Carolina (MEDSQUFEENC) from Jul 2016 to Oct 2025 about square feet, NC, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Des Moines-West Des Moines, IA (CBSA) (MEDSQUFEE19780) from Jul 2016 to Oct 2025 about Des Moines, IA, square feet, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Los Angeles County, CA (MEDSQUFEE6037) from Jul 2016 to Oct 2025 about Los Angeles County, CA; Los Angeles; square feet; CA; median; and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in California (MEDSQUFEECA) from Jul 2016 to Oct 2025 about square feet, CA, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Massachusetts (MEDSQUFEEMA) from Jul 2016 to Oct 2025 about MA, square feet, median, and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Houston-the Woodlands-Sugar Land, TX (CBSA) (MEDSQUFEE26420) from Jul 2016 to Oct 2025 about Houston, square feet, TX, median, and USA.