National Real Estate Insights December 2024

New Single-Family-Home Values by Region New-Construction Median $/Sq.Ft. Values by Region since 1992

2023

$225

South Midwest

West

Northeast

On a dollar per square foot basis, the South region of the U.S. has the most affordable new single-family homes, and the Northeast the most expensive.

$200

$175

Median Size of New Houses Built in 2023 • Northeast: 2478 sq.ft. • South: 2270 sq.ft. • West: 2126 sq.ft. • Midwest: 2102 sq.ft.

$150

$125

2005-2007

$100

$75

$50

$25

*Data per U.S. Census, Characteristics of New Housing: https://www.census.gov/construction/chars/index.html. U.S. new single-family dwellings sold. All numbers approximate, may contain errors and subject to revision.

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