A new study reveals that newly built homes in the U.S. have gotten smaller in the past decade, while the average price per square foot for these homes has skyrocketed. In this analysis, they looked at the average square footage of new single-family homes sold and the average price per square foot of floor area in new single-family houses sold. The average size of new single-family homes sold nationwide decreased by 11.2% from 2014 (2,707 square feet) to 2024 (2,404). From 2014 to 2024, the average price per square foot for new single-family homes sold in the U.S. rose by 73.6% from $97.25 to $168.86. Smaller homes are making a comeback, but not everywhereDig deeper:In 2024, 1 in 4 new single-family homes sold were under 1,800 square feet, up significantly from 17% in 2014.