Breaking Down the Price of a New Home in the U.S.

What We’re Showing

The breakdown of a new single-family home’s average sales price in the United States, by category of costs.

The data comes from the National Association of Home Builders and is based on a survey of construction costs across 4,000 home builders in the United States.

Key Takeaways

• The average U.S. single-family home was priced at $665,000 in 2024, up nearly 67% from a decade ago in 2013, when the average price was $399,532.
• Construction costs make up the largest share, accounting for 64% or around $428,000 of the total price. Interior finishes alone contribute to nearly a quarter of this cost.
• The land or lot cost (including financing) is the second-largest factor, comprising 14% or $91,000 of the total price.
• Profit margins for builders average 11% per home.
• While the average lot size is upwards of 20,000 square feet, the finished home covers just 2,647 sq ft, with the rest going into yards, gardens, driveways, and open spaces.