Cost breakdown of the sales price of single-family homes in the U.S. 2017-2022
According to home builders, the construction costs comprise the largest share of the sales price of a single-family home, followed by the finishing lot cost. In 2022, these two categories accounted for almost 70 percent of the final property price. None of the categories experienced major changes between 2019 and 2022. The breakdown applies to a home with an average lot size of 17,218 square feet, finished area 2,561 square feet, and an average final sales price of 644,650 U.S. dollars. This is much higher than the median sales price of a newly built home according to the US Census Bureau, but the source explains that with the survey design, which gives more weigh to smaller builders who potentially operate in the higher priced-segment.
