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.

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.

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

The average price for residential real estate in Manhattan, New York increased for luxury, new developments, and condos. Conversely, prices for re-sale and co-op properties declined slightly. In the third quarter of 2024, the average square footage price for a re-sale property was 1,404 U.S. dollars per square foot.

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.

Housing Inventory: Median Listing Price per Square Feet in Philadelphia County/city, PA was 225.00000 U.S. $ in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in Philadelphia County/city, PA reached a record high of 245.00000 in October of 2020 and a record low of 124.00000 in January of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet in Philadelphia County/city, PA - 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 Month-Over-Month in Anchorage Borough/municipality, AK (MEDLISPRIPERSQUFEEMM2020) from Jul 2017 to Jun 2025 about Anchorage Borough/Municipality, AK; square feet; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in San Francisco County/city, CA (MEDLISPRIPERSQUFEE6075) from Jul 2016 to Jun 2025 about San Francisco County/City, CA; square feet; listing; median; price; and USA.

Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Philadelphia County/city, PA was 1.89% in April of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Philadelphia County/city, PA reached a record high of 23.89 in October of 2020 and a record low of -10.13 in December of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Philadelphia County/city, PA - last updated from the United States Federal Reserve on May of 2025.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Philadelphia County/city, PA was 3.46% in April of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Philadelphia County/city, PA reached a record high of 4.33 in July of 2020 and a record low of -3.55 in June of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Philadelphia County/city, PA - last updated from the United States Federal Reserve on May of 2025.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Salt Lake County, UT (MEDLISPRIPERSQUFEE49035) from Jul 2016 to Jun 2025 about Salt Lake County, UT; Salt Lake City; UT; square feet; listing; median; price; and USA.

United States Price per Square: sa: New Construction: Condo/Co-op data was reported at 356.000 USD in Jan 2021. This records an increase from the previous number of 334.000 USD for Dec 2020. United States Price per Square: sa: New Construction: Condo/Co-op data is updated monthly, averaging 261.000 USD from Jan 2012 (Median) to Jan 2021, with 109 observations. The data reached an all-time high of 374.000 USD in Sep 2016 and a record low of 190.000 USD in Nov 2013. United States Price per Square: sa: New Construction: Condo/Co-op data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB115: Median Home Sale Price per Square Foot.

Housing Inventory: Median Listing Price per Square Feet in San Francisco County/city, CA was 962.00000 U.S. $ in December of 2024, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in San Francisco County/city, CA reached a record high of 1159.00000 in February of 2020 and a record low of 924.00000 in August 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 San Francisco County/city, CA - last updated from the United States Federal Reserve on July of 2025.

Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in San Francisco County/city, CA was -3.41% in December of 2024, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in San Francisco County/city, CA reached a record high of 4.55 in July of 2020 and a record low of -9.36 in February of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in San Francisco County/city, CA - last updated from the United States Federal Reserve on May of 2025.

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

The average sales price per square foot for retail properties in the United States varied between shopping centers and regular shops in 2020. Regular shops were more expensive, averaging at 294 U.S. dollars per square foot. In comparison, shopping centers didn't amount to half of this number, averaging at 127 U.S. dollars.

In the second quarter of 2020, retail vacancy rates in the United States rose drastically from nine percent to 20 percent, a change that can be explained by the effects of the COVID-19 pandemic.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in San Diego-Carlsbad, CA (CBSA) (MEDLISPRIPERSQUFEE41740) from Jul 2016 to Jun 2025 about San Diego, square feet, CA, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Raleigh, NC (CBSA) (MEDLISPRIPERSQUFEEYY39580) from Jul 2017 to Jun 2025 about Raleigh, square feet, NC, listing, median, price, and USA.

Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Bay City, MI (CBSA) was -4.01% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Bay City, MI (CBSA) reached a record high of 35.50 in May of 2021 and a record low of -6.66 in July of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Bay City, MI (CBSA) - last updated from the United States Federal Reserve on July of 2025.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Salt Lake City, UT (CBSA) was -0.25% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Salt Lake City, UT (CBSA) reached a record high of 5.78 in July of 2020 and a record low of -3.50 in March of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Salt Lake City, UT (CBSA) - last updated from the United States Federal Reserve on July of 2025.