The Kind of House Buyers Are Willing To Pay More For
That spare room on the main floor. The finished basement with a kitchenette and its own entrance. The bonus room you've been using for storage.
To you, it's extra space. But to a growing pool of buyers, it's the reason they'd pick your house. Here’s why. Multi-generational homebuying is on the rise.
The number of multi-generational households is climbing. That’s when 3 or more generations live under one roof. And data shows those households grew from 3.2 million to almost 4 million between 2014 and 2024, according to Realtor.com.
And each year, more people are shopping for a larger home that fits their combined needs.
While the appetite for this type of house is rising across the board, data from USAFacts shows multi-generational living is more common in some states than others. The darker the state in the map below, the more common it is in that area (see map below):
Stay up to date on the latest real estate trends.
The right strategy matters more than old market assumptions.
More time on market can mean more room to negotiate.
Lower asking prices are bringing buyers back.
Lower asking prices and better supply are easing the search.
Negotiation is becoming part of the selling process again.
You’ve got questions and we can’t wait to answer them.