How Much More Does a 4 Bedroom Home Sell for Than a 3 Bedroom Home?
May 22, 2023
Licensed since 2003, one of the trends I’ve noticed is that bigger homes are not as desirable as they were twenty years ago. Large homes still have a market, don’t get me wrong, but household size is down overall. The average household had 3.68 people in the home in 1940. In 2010 that number was 2.58. Then came the rise of multi-generational living and grown-up kids still living in their parent’s home. This caused a slight increase from 2.58 to 2.65 in 2017. According to an NBC news report had slightly higher numbers, the average household size still came down to around 3, a steady decline from 3.7 in the 1960’s in the reports they referenced. However you look at...