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 the United States (MEDSQUFEEUS) from Jul 2016 to May 2025 about square feet, median, and USA.

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.

In 2017, Australia had the largest homes out of the countries surveyed. Australian homes measured, on average, 2,032 square feet, and were closely followed by U.S. homes at 1,901 square feet. Canadian homes were also quite large at 1,792 square feet.

Among the 50 largest cities by population in the United States, Milwaukee, WI, had the largest homes in 2023. The average size of a home was over 2,000 square feet, while in Portland, OR, the average home was 1070 square feet. Since 1975, U.S. homes have grown substantially bigger.

In 2018, the average attached single-family home size in the United States was 1,772 square feet, and the size of the average home is set to stay the same until 2023.

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

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In 2023, the average size per dwelling in Japan was 90.86 square meters. When broken down by prefecture, Toyama stood out as the prefecture with the largest average floor area per housing unit, while Tokyo had the smallest average floor area in the same year. Real estate in Japan The real estate industry is an important pillar of the Japanese economy and ranked as the third-largest industry in Japan in terms of value added in 2022. Despite this, the number of unoccupied dwellings in Japan has been steadily increasing for over thirty years. Many unoccupied homes are empty and abandoned. This trend can be attributed to two primary factors: the aging of the population and the challenges faced by empty house owners in managing and utilizing properties, as most of these homes are either managed by older individuals or family inheritance. Housing in Tokyo The monthly residential property price index in Tokyo Prefecture has experienced a significant upward trend in the past years. Tokyo holds the largest population in Japan, with approximately 14 million inhabitants, making it the world’s largest urban agglomeration. The city’s appeal lies in its many renowned universities and corporate headquarters, which draws migrants from other prefectures, particularly young individuals. However, Japan is currently experiencing an investment boom in real estate, fueled by overseas investment. This has resulted in central Tokyo apartments becoming less affordable for many people.

The majority of home buyers in the United States in 2024 across all age groups purchased a home between 1,501 and 2,500 square feet in size. 32 percent of the young millennials (26 to 34 years old) and 38 percent of the silent generation (79 to 99 years old) purchased a home about the same feet in size.

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 1,084 U.S. dollars per square foot in the third quarter of 2020 to 844 U.S. dollars per square foot in the third quarter of 2022.

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.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in Los Angeles County, CA (MEDSQUFEE6037) from Jul 2016 to Dec 2024 about Los Angeles County, CA; Los Angeles; square feet; CA; median; and USA.

Median price paid for residential property in England and Wales, for all property types by lower layer super output area. Annual data..

In 2020, the average price for a house between 250 and 300 square meters in Pondok Indah, Jakarta in Indonesia amounted to 12.8 billion Indonesian rupiah or around 901 thousand U.S. dollars. In comparison, the price for the same-size house in East Jakarta, Cibubur amounted to 2.9 billion Indonesian rupiah. Pondok Indah is one of the most prestigious residential areas in Indonesia which is also located close to the central business district of Jakarta, the capital city.

Toyama was the Japanese prefecture with the largest average floor area per dwelling in 2023. Compared to an average floor space of around 140 square meters in Toyama Prefecture, the average dwelling in Tokyo covered a floor area of about 64 square meters.

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 June of 2025.

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.

Housing Inventory: Median Home Size in Square Feet in Virginia was 2023.00000 Level in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet in Virginia reached a record high of 2173.00000 in June of 2020 and a record low of 1858.00000 in November of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Home Size in Square Feet in Virginia - last updated from the United States Federal Reserve on June of 2025.