Homes in Lubbock Are Larger Than Average Homes

I remember a few years ago when the television show House Hunters filmed in Texas, and the reaction from those in New York City and parts of California about how much house you could buy for the price compared to homes in their cities.

If you look around Texas, including right here in Lubbock, we sure do love our big homes. In fact, according to a new report from Filterbuy, Lubbock has larger than average homes:

 

The size of new single-family homes has increased substantially in the last few decades. However, a recent trend in slightly smaller homes that began several years ago might be reversed by the COVID-19 pandemic. As homebuyers spend more time at home, they are seeking houses with more space. According to data from Realtor.com, the median size of residential listings in the U.S. was 1,838 square feet in 2020, but home sizes vary widely by market.

Census Bureau data on new home construction shows that the median size of new single-family homes increased by more than 50 percent over the last several decades, from 1,525 square feet in 1973 to a peak of 2,467 square feet in 2015. At the same time, homes with four or more bedrooms became much more common. Beginning in 2016, as more millennials entered the real estate market, the demand for more affordable, smaller homes started to grow. As a result, the median size of new homes trended downward in the years leading up to COVID-19. But now, as people spend more time at home, residences with more space—including room for a home office or gym—are more desirable again.

Homes will probably continue getting larger and larger in Texas and Lubbock as people opt to stay home more often. And with people staying home or with multiple families members living under one roof, people are going to want space. Speaking of big homes, check out these impressive homes in Lubbock.