Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in the United States (MEDSQUFEEUS) from Jul 2016 to Jun 2025 about square feet, 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 2022. 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.

In 2018, the average home size in the United States was 6,295 square feet, and the size of the average home is set to fall to 6,121 square feet by 2023.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Florida (MEDSQUFEEFL) from Jul 2016 to Jun 2025 about square feet, FL, median, and USA.

House prices in the second most populous state in the United States, Texas have doubled since 2011. In 2023, the average house price reached 174.3 U.S. dollars per square foot, up from approximately 141 U.S. dollars in 2020. Despite the increase, the median home price was still below the national average.

In 2023, 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 2023, Milwaukee and Omaha had the largest average home size.

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

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.

Housing Inventory: Median Listing Price per Square Feet in Virginia was 235.00000 U.S. $ in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in Virginia reached a record high of 235.00000 in May of 2025 and a record low of 131.00000 in December of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet in Virginia - last updated from the United States Federal Reserve on July of 2025.

Housing Inventory: Median Home Size in Square Feet in Vermont was 1984.00000 Level in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet in Vermont reached a record high of 2074.00000 in September of 2023 and a record low of 1845.00000 in April of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Home Size in Square Feet in Vermont - last updated from the United States Federal Reserve on July of 2025.

In 2022, San Mateo, San Francisco, and Santa Clara were the most expensive districts for housing in the San Francisco Bay Area. In San Francisco, the average square footage price of single-family homes exceeded 1,000 U.S. dollars per square foot. Housing in Solano, on the other hand, was most affordable, with the average square footage price for single family homes at 370 U.S. dollars.

How expensive is buying a home in San Francisco? Few metros in the U.S. are more expensive than San Francisco, CA. In 2022, the median sales price of existing single-family homes in San Francisco was about 1.4 million U.S. dollars, making it the second priciest market in the U.S. House prices in the Golden City, were not always so high: in 2014, a two-bedroom house in the Bay Area would sell for less than 500,000 U.S. dollars but since then, the median price has more than doubled.

How much does renting an apartment cost? Despite rents falling in 2020, renting in San Francisco is still far from cheap. Renting a two-bedroom apartment cost close to 4,000 U.S. dollars in 2021. California is one of the least affordable states for renters. In fact, to afford to rent such an apartment, a household needs approximately three full time jobs at minimum wage or two full time jobs at mean wage.

Between 2020 and 2022, the average square footage price of one-to-three family homes in Queens, New York increased. Existing condo prices, on the other hand, fell from ***** U.S. dollars per square foot in the ********************* to *** U.S. dollars per square foot in the *********************.

Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Maine was 0.04% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Maine reached a record high of 3.46 in January of 2023 and a record low of -3.70 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Maine - last updated from the United States Federal Reserve on July of 2025.

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

In 2024, the average square footage price of condos and new development condos in Brooklyn, NY declined slightly. Prices of one-to-three family homes, on the other hand, increased from *** U.S. dollars per square foot in the third quarter of 2023 to *** U.S. dollars in the third quarter of 2024.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet Year-Over-Year in New York (MEDSQUFEEYYNY) from Jul 2017 to May 2025 about square feet, NY, median, and USA.

Housing Inventory: Median Home Size in Square Feet in Louisiana was 1848.00000 Level in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet in Louisiana reached a record high of 1988.00000 in September of 2020 and a record low of 1820.00000 in January of 2025. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Home Size in Square Feet in Louisiana - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for New Privately Owned Housing Completions in the United States, Median Square Feet of Floor Area for One-Family Units (COMPSFLAM1FQ) from Q1 1987 to Q1 2025 about floor area, privately owned, 1-unit structures, family, new, median, housing, and USA.

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