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.

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.

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.

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.

House prices in the second most populous state in the United States, Texas have doubled since 2011. In 2023, the average house price reached ***** U.S. dollars per square foot, up from approximately *** 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 Listing Price per Square Feet in Texas (MEDLISPRIPERSQUFEETX) from Jul 2016 to Oct 2025 about square feet, TX, listing, median, price, and USA.

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 *** 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 *** 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 ******* 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 ***** 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 ***** full time jobs at minimum wage or *** full time jobs at mean wage.

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

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

Housing Inventory: Median Home Size in Square Feet in Vermont was 1992.00000 Level in October 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 December of 2025.

Housing Inventory: Median Home Size in Square Feet in Manatee County, FL was 1805.00000 Level in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet in Manatee County, FL reached a record high of 2050.00000 in September of 2016 and a record low of 1758.00000 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 Manatee County, FL - last updated from the United States Federal Reserve on December of 2025.

Housing Inventory: Median Home Size in Square Feet in Santa Fe County, NM was 2257.00000 Level in September of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet in Santa Fe County, NM reached a record high of 2766.00000 in February of 2022 and a record low of 2051.00000 in March 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 Santa Fe County, NM - last updated from the United States Federal Reserve on November of 2025.

Housing Inventory: Median Home Size in Square Feet in Michigan was 1595.00000 Level in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet in Michigan reached a record high of 1768.00000 in July of 2020 and a record low of 1500.00000 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 in Michigan - last updated from the United States Federal Reserve on December of 2025.

Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Orange County, FL was 0.84% in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Orange County, FL reached a record high of 8.95 in May of 2022 and a record low of -18.46 in March 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 Year-Over-Year in Orange County, FL - last updated from the United States Federal Reserve on December of 2025.

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.

Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Tangipahoa Parish, LA was -0.64% in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Tangipahoa Parish, LA reached a record high of 6.80 in May of 2022 and a record low of -7.09 in October of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Tangipahoa Parish, LA - last updated from the United States Federal Reserve on December of 2025.

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 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 Oregon (MEDSQUFEEOR) from Jul 2016 to Oct 2025 about OR, 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.