Some regions of the U.S. have had hotter housing markets, but inflation and higher interest rates have caused a general cooling-off trend in real estate price
As trends shift in new housing construction, another area in the housing market shows untapped value in different regions: existing homes. Click to read more about the research done in this area!
– Median current value: $303,909
– Median current value per square foot: $179
– Median untapped potential value: $128,628
– Median untapped value per square foot: $59
Areas With Home Improvement or Building Additions: The South
Median current value: $231,277
– Median current value per square foot: $162
– Median untapped potential value: $141,198
– Median untapped value per square foot: $79
Median current value: $392,583
– Median current value per square foot: $235
– Median untapped potential value: $167,116
– Median untapped value per square foot: $78
Median current value: $614,540
– Median current value per square foot: $365
– Median untapped potential value: $161,390
– Median untapped value per square foot: $109