Characteristics of new homes sold in 2018

Characteristics of new homes sold in 2018

The Census Bureau recently released their Characteristics of New Housing for 2018. For single family homes sold in 2018, the Census Bureau highlighted the following:

  • 617,000 single-family homes were sold in 2018.
  • 548,000 were detached homes and 69,000 were attached homes.
  • 278,000 had three bedrooms. 
  • 380,000 were heated using gas. 
  • 461,000 were purchased using conventional financing and 39,000 were purchased using cash. 
  • 172,000 had stucco as the primary exterior wall material. 
  • 556,000 had wood framing. 
  • The median sales price of new single-family homes sold in 2018 was $326,400, while the average sales price was $385,000. 
  • The median size of a new single-family home sold in 2018 was 2,435 square feet.

Over the last 10 years the number of bathrooms increased in new homes that were sold. In 2009 24% were built with 3 or more bathrooms. In 2018 that percentage rose to 38%.

Almost half (49%) of homes sold last year had 4 or more bedrooms. This is a slight decrease from 2015 when 54% of homes sold had 4 or more bedrooms.

In 2018 only 8% of new homes sold did not have either a patio, porch or deck. Thirty-five percent (35%) had both a patio and a porch.

The data includes national and regional figures on air-conditioning, fireplaces, parking and more, for both completed and sold single-family and multi-family buildings.