Not long ago, it seemed just about everyone was obsessed with the tiny-home trend. So cute! So teensy! People were wondering: Just how small can a home get while still being cool and remotely functional? Well, we may never find out. Because, as with many things in the past year, the coronavirus pandemic has turned the “less is more” mentality on its head. Now, bigger is definitively better again when it comes to houses. In these postlockdown times, home buyers seem desperate for more space, whether for a big yard, a dedicated home office or two, maybe a homeschooling area, home gym, or an extra bedroom or three. Palatial abodes are topping most buyers' wish lists.
Large homes, clocking in at 4,000 square feet and up, were selling faster in more than 70% of the 150 largest metro areas in February compared with the same month last year. The realtor.com® data team set out to find which metropolitan areas have the highest percentage of supersized residences up for sale, so buyers can revel in all that extra square footage. We looked at the 150 largest metros with the highest percentage of single-family homes measuring 4,000 square feet and more on the market in February. (For perspective, the average square footage of a new single-family home was 2,500 in 2020, according to U.S. Census data.) We also limited our list to one metro per state. Metros include the main city and surrounding towns, suburbs, and smaller urban areas. One massive caveat: There’s no way to separate large, tasteful homes from the more garish McMansions in our data. They're all part of the burgeoning mammoth-home mix! Tread carefully. So which are America’s housing markets with the biggest cribs, and why? Let's take a look.