Ahead of the Memorial Day weekend’s launch into the summer season, Realtor.com has released a new data analysis that determined the share of listings featuring swimming pools reached an all-time high this April.
According to Realtor.com, the price premium for a home with a pool stood at 54% last month while the share of listings with pools reached an all-time high of 24.4%, with 333,000 homes featuring a pool, the highest number since March 2019. Although this premium was down from the peak in January 2022, when the typical home with a pool boasted a 61% price premium.
Currently, the typical for-sale home with a pool is about 32.4%, or 600 square feet, larger than one without. The median price- per-square- foot of a home with a pool was $247, compared to $204 for a home without a pool. Realtor.com acknowledged that homes with pools are generally larger than those without.
Swimming pools tend to be most popular in warmer weather markets – Miami, Phoenix, Orlando, Austin, and Tampa have the highest share of homes listed with a swimming pool. Las Vegas, Houston, Nashville, Indianapolis, and Miami have seen the biggest increases in pool listings since 2019.
“During the pandemic, people were looking for ways to get more enjoyment out of their homes, and this surge in demand for features like pools, translated into a substantial ‘pool premium,’ where homes featuring a pool commanded significantly higher asking prices compared to their pool-less counterparts,” said Hannah Jones, senior economic research analyst at Realtor.com. “This trend peaked in January 2022, and although price premiums have normalized, the presence of a pool continues to drive a premium and be a popular item to include in listings as a home or community feature.”
