Colonial/American homes dominate the housing market, claiming 49.8% with a median price of $449,000 and witnessing a 5.6% price increase over the past year. Mediterranean-style homes, located in high-value areas like Miami, exhibit extensive craftsmanship but are among the most expensive. Conversely, Ranch-style homes, the most affordable at a median price of $369,000, have experienced a 44.7% rise in value over six years. Research highlights the top markets for these styles, showcasing diverse architectural preferences across the U.S.
With a national share of 49.8% of the housing market, the popular Colonial/American style took the top spot of the affordable home type with the steepest price growth year over year.
The price of traditional Colonial style increased by 5.6% over the past year, and by a whopping 28.3% over the last six years.
Ranch-style homes clocked in as the most affordable option overall at a median price of $369,000, characterized by open single-story floor plans.
The study found that Atlanta, Cape Coral, and Phoenix had the highest share of Ranch-style homes, with a 44.7% increase in appreciation over the last six years.
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