Sellers are finding more creative ways to attract buyers in this changing market. The most obvious move is to simply lower the price - great for the buyer, but not so great for the seller. But
Home Size Trending Down
Dated: December 23 2022
Is it just your imagination, or are houses in the U.S. getting smaller?
As a matter of fact, the average size of a single-family home has decreased. Based on U.S. Census data, the average size has fallen from 2,700 square feet in 2015 to 2,500 in 2022.
According to EyeOnHousing.org, "Home size rose from 2009 to 2015 as entry-level new construction was constrained." In 2016, starter home construction began to increase resulting in lower average square footage.
While American still want space to work and study from home, a smaller house with a space-maximizing floor plan might be a wise choice. And despite the recent decline in home size, today's average newly built property is closer to 1,000 square feet larger than its 1970s-built counterpart.
Executive Vice President of Sales Experienced Realtor, Karin Waterschoot-Perez, currently serves buyers and sellers located in and around Franklin County. With over 19 years of experience in the re....
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