In the first quarter of 2024, the median size of newly built single-family homes dropped to 2,140 square feet, a decrease from 2,256 square feet in 2023, indicating a significant trend towards smaller homes.
The 2024 median size of 2,179 square feet marked the smallest size since 2010, showcasing a striking reversal after years of homes trending larger, as buyers increasingly opt for smaller, more affordable options.
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