GITNUX MARKETDATA REPORT 2024

Statistics About The Average Home Price Per Square Foot

The average home price per square foot varies significantly depending on location, with some areas reaching over $1,000 per square foot while others are under $100 per square foot.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the varying average home prices per square foot across different cities in the United States based on recent statistics. From the bustling metropolitan areas like New York City’s Manhattan and San Francisco to more affordable markets like Detroit and Phoenix, the differences in home prices reflect the diverse real estate landscape in the country. Let’s delve into the numbers to gain a better understanding of the average home price per square foot in different regions.

Statistic 1

"The national average price per square foot for new single-family homes was $119 in 2021."

Statistic 2

"The average price per square foot for homes in Chicago, Illinois, is about $200."

Statistic 3

"The average home price per square foot in Minneapolis, Minnesota, is around $180."

Statistic 4

"The average home price per square foot in Los Angeles, California, is about $700."

Statistic 5

"The average home price per square foot in Seattle, Washington, is around $400."

Statistic 6

"San Francisco has one of the highest average home prices per square foot in the U.S., at over $1,000."

Statistic 7

"The average home price per square foot in Las Vegas, Nevada, is approximately $200."

Statistic 8

"In Portland, Oregon, the average home price per square foot is about $300."

Statistic 9

"In Phoenix, Arizona, the average home price per square foot is about $170."

Statistic 10

"The average price per square foot in Denver, Colorado, homes is approximately $275."

Statistic 11

"The average home price per square foot in the United States was $123 as of 2021."

Statistic 12

"In Houston, Texas, the average home price per square foot is about $130."

Statistic 13

"The average home price per square foot in Boston, Massachusetts, is about $700."

Statistic 14

"The average home price per square foot in Dallas, Texas, is around $150."

Statistic 15

"In Miami, Florida, the average home price per square foot is roughly $230."

Statistic 16

"The average home price per square foot in Detroit, Michigan, is roughly $100."

Statistic 17

"The average home price per square foot in Honolulu, Hawaii, is approximately $650."

Statistic 18

"The average price per square foot in Washington, D.C., homes is approximately $500."

Statistic 19

"The average price per square foot for homes in Atlanta, Georgia, is around $150."

Statistic 20

"The average home price per square foot in New York City's Manhattan is approximately $1,500."

In conclusion, the average home price per square foot varies significantly across different regions in the United States. While the national average in 2021 was $123, cities like San Francisco and New York City’s Manhattan stand out with prices exceeding $1,000 per square foot. On the other hand, Detroit, Michigan, offers the lowest average price per square foot at around $100. Factors such as location, demand, and local economy play crucial roles in determining these variations. As potential homebuyers or sellers, it is essential to be aware of these differences to make informed decisions in the real estate market.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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