Photo: David Sawyer/Flickr
The Great American home is getting a little bit smaller. A new survey from RealtyTrac points to a shift in single-family housing in the United States. Looking at annual sales data for single-family homes sized between 1,000 and 5,000 square feet, the real estate data company found the average footprint of a house sold in 2015 is now 1,803 square feet.
Looking back to 2000, the average size of single-family houses within the sample range was 1,772 square feet. Aside from some ups and down, sizes largely expanded after the turn of the century, eventually peaking in 2012 at 1,863 square feet. However, in 2011 the National Association of Home Builders (NAHB) predicted homes would start shrinking.
RealtyTrac noted in their report that the “rebounding economy buoyed the housing market and optimistic buyers drove square footage to its peak” in 2012. Afterward, the size of homes began a downward trend, just as NAHB had anticipated. In 2013, the average was 1,840 square feet, declining to 1,799 in 2014 and then 1,803 more recently.
We looked at data supplied by RealtyTrac to see the average sizes for single-family homes in each individual state. Complete state-by-state data is available up to 2014 (the 2015 national average is from weighted averages based on the amount of properties in each state). South Dakota was home to the smallest average at 1,225 square feet. Interestingly, its neighbour Wyoming had the biggest average at 3,104.
Take a look: