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 168 U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded 500,000 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 12 percent year-on-year, and in 2022, the increase was even higher, at close to 17 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 three 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 Listing Price per Square Feet in Bucyrus, OH (CBSA) (MEDLISPRIPERSQUFEE15340) from Jul 2016 to Feb 2025 about Bucyrus, square feet, OH, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Columbus, OH (CBSA) (MEDLISPRIPERSQUFEEMM18140) from Jul 2017 to Feb 2025 about Columbus, square feet, OH, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Cuyahoga County, OH (MEDLISPRIPERSQUFEEYY39035) from Jul 2017 to Feb 2025 about Cuyahoga County, OH; Cleveland; square feet; OH; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Cleveland-Elyria, OH (CBSA) (MEDLISPRIPERSQUFEEMM17460) from Jul 2017 to Dec 2024 about Cleveland, square feet, OH, listing, median, price, and USA.

The average rent for warehouses and distribution centers in Cleveland, Ohio, soared in 2023. In the first quarter of 2024, the average rent amounted to 4.57 U.S. dollars per square foot. Despite the increase, that was significantly lower than the average warehouse rent in the United States.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Medina County, OH (MEDLISPRIPERSQUFEE39103) from Jul 2016 to Feb 2025 about Medina County, OH; Cleveland; square feet; OH; listing; median; price; and USA.

The average annual rent for manufacturing space in Cleveland, Ohio, soared in 2023. In the first quarter of 2024, the rental cost rose even higher, hitting amounted to nearly 4.44 U.S. dollars per square foot. Despite the increase, below the average rent for manufacturing space in the United States.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Mansfield, OH (CBSA) (MEDLISPRIPERSQUFEEYY31900) from Jul 2017 to Feb 2025 about Mansfield, square feet, OH, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Dayton, OH (CBSA) (MEDLISPRIPERSQUFEEMM19380) from Jul 2017 to Aug 2022 about Dayton, square feet, OH, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Franklin County, OH (MEDLISPRIPERSQUFEE39049) from Jul 2016 to Feb 2025 about Franklin County, OH; Columbus; square feet; OH; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Columbiana County, OH (MEDLISPRIPERSQUFEEYY39029) from Jul 2017 to Feb 2025 about Columbiana County, OH; square feet; OH; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Cincinnati, OH-KY-IN (CBSA) (MEDLISPRIPERSQUFEEYY17140) from Jul 2017 to Feb 2025 about Cincinnati, square feet, OH, IN, KY, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Wood County, OH (MEDLISPRIPERSQUFEE39173) from Jul 2016 to Feb 2025 about Wood County, OH; Toledo; square feet; OH; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Akron, OH (CBSA) (MEDLISPRIPERSQUFEE10420) from Jul 2016 to Feb 2025 about Akron, square feet, OH, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Athens, OH (CBSA) (MEDLISPRIPERSQUFEEYY11900) from Jul 2017 to Feb 2025 about Athens, square feet, OH, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Summit County, OH (MEDLISPRIPERSQUFEE39153) from Jul 2016 to Feb 2025 about Summit County, OH; Akron; square feet; OH; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Huntington-Ashland, WV-KY-OH (CBSA) (MEDLISPRIPERSQUFEEMM26580) from Jul 2017 to Feb 2025 about Huntington, square feet, WV, OH, KY, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Hamilton County, OH (MEDLISPRIPERSQUFEE39061) from Jul 2016 to Feb 2025 about Hamilton County, OH; Cincinnati; square feet; OH; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Wheeling, WV-OH (CBSA) (MEDLISPRIPERSQUFEE48540) from Jul 2016 to Feb 2025 about Wheeling, square feet, WV, OH, listing, median, price, and USA.