Source: Point2 —
The end of March marked the beginning of a new era in home prices: After a whopping 26.5% year-over-year jump, the median listing price landed at $405,000. Also on the rise is the average square footage of new single-family homes. According to the National Association of Home Builders, the pandemic reversed the previously downward trend in home size: The average square footage for new single-family homes increased to 2,561.
Existing homes, however, cannot grow in size to accommodate their owners’ growing needs. That’s why homebuyers looking for their dream home have to choose wisely. And, with remote work becoming more widely accepted, many have the chance to do just that by finding a place that offers more space.
So where in the U.S. do you get the most and least space for the new median home price? To answer this question, we looked at how many square feet $400,000 would buy in the nation’s 100 most populous cities: