![]() The average price per square foot of a new house grew significantly from 2012 to 2022, increasing by 95.1% nationally.Nationwide, buyers can expect to spend an average of $143.80 per square foot. Cost per square foot is the second-highest in the Northeast at $185.70, while the Midwest and South are the most cost-effective at $139.60 and $130.40 per square foot. Homes out West are the most expensive per square foot, where a new house will cost an average of $193.90 per square foot.On the flip side, the average square footage of homes in the Northeast (2,829 square feet) and South (2,584 square feet) is bigger than the national average. Homes tend to be a bit smaller than the national average in the West and Midwest, where they’re an average of 2,487 and 2,367 square feet, respectively. is anything but tiny, at 2,544 square feet. Though homes may be getting smaller in some areas, the average square footage for a new house sold in the U.S.Regionally, average square footage shrunk by 3.3% and 2.0% in the South and Midwest, but it increased by 8.0% and 1.6% in the Northeast and West. The average square footage of new single-family houses sold in the U.S. ![]() Key findings, as highlighted by Channel include: Census Bureau Characteristics of new housing data, homes have shrunk slightly since 2012, but average price per square foot have nearly doubled. On the other hand, while new homes cost considerably more per square foot than in 2012 have not gotten any bigger on a national scale in fact, according to a LendingTree analysis of U.S. All Rights Reserved.According to a new blog post authored by Jacob Channel, LendingTree’s Chief Economist, home prices have retreated from pandemic highs, especially when compared to 10 years earlier, but some of the extra money people are putting into their homes didn’t' exist 11 years ago, like super-energy efficent refrigerators, or easy to set up security cameras. © 2023 Central Wisconsin Board of REALTORS®, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is provided in part by the IDX program of the Central Wisconsin Multiple Listing Service. ![]() Copyright 2023 MetroMLS - All Rights Reserved Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Neither listing broker nor First Weber REALTORS nor RANW MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. All properties are subject to prior sale, change, or withdrawal. All information deemed reliable, but not guaranteed and should be independently verified. Information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ![]()
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