Demand for larger homes skyrocketed throughout the pandemic as homeowners hunkered down and created at-home spaces for work and hobbies, but as professionals return to the office and businesses reopen, some Americans are opting to downsize. Those looking to cut down their square footage can find the smallest homes in metro areas like Long Island City, NY, Honolulu, HI, and Miami Beach, FL, where, despite their hefty price tags, homes are available with a median square footage of 762, 929, and 1,003, respectively, Realtor.com reports.
On the contrary, homebuyers still interested in upgrading can find the largest homes in America in higher priced communities like Greenwich, CT, Cordova, TN, and Castle Rock, CO, where homes boast a median square footage of 4,857, 3,888, and 3,635, respectively.
“The places that boast the country’s largest average homes tend to be clustered in higher-priced communities either near bigger economic centers or in outdoors destinations,” says George Ratiu, senior economist and manager of economic research for Realtor.com. “On the flip side of the coin, cities [with] average home sizes [that] skew toward the smaller end are located in geographically constrained locations, where natural boundaries meet high-density development.”
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