10 Cities Where Homes Are Shrinking But Prices Are Skyrocketing

“Shrinkflation” isn’t just affecting grocery stores — it’s affecting real estate , too. Since 2019, the median home size in the U.S. has shrunk by 128 square feet, but the median price has increased by $125,000, according to reporting from USA Today Homefront.

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This “shrinkflation” effect is particularly notable in the 10 cities where the median home size has shrunk the most, but prices continue to climb .

Colorado Springs, Colorado

• Median square footage (2024): 2,351
• Median square footage change (2019-2024): -21.19%
• Median listing price (2024): $525,000
• Median listing price change (2019-2024): 25.3%

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Charlotte-Concord-Gastonia, North Carolina-South Carolina

• Median square footage (2024): 2,031
• Median square footage change (2019-2024): -20.26%
• Median listing price (2024): $441,170
• Median listing price change (2019-2024): 23.06%

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New York-Newark-Jersey City, New York-New Jersey-Pennsylvania

• Median square footage (2024): 1,556
• Median square footage change (2019-2024): -19.38%
• Median listing price (2024): $789,000
• Median listing price change (2019-2024): 34.87%

Urban Honolulu, Hawaii

• Median square footage (2024): 1,010
• Median square footage change (2019-2024): -18.81%
• Median listing price (2024): $725,000
• Median listing price change (2019-2024): 3.79%

Hickory-Lenoir-Morganton, North Carolina

• Median square footage (2024): 1,920
• Median square footage change (2019-2024): -17.67%
• Median listing price (2024): $375,420
• Median listing price change (2019-2024): 25.56%

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Houston-The Woodlands-Sugar Land, Texas

• Median square footage (2024): 2,088
• Median square footage change (2019-2024): -16.88%
• Median listing price (2024): $372,900
• Median listing price change (2019-2024): 15.53%

Washington-Arlington-Alexandria, D.C.-Virginia-Maryland-West Virginia

• Median square footage (2024): 1,965
• Median square footage change (2019-2024): -16.03%
• Median listing price (2024): $632,004
• Median listing price change (2019-2024): 30.31%

San Antonio-New Braunfels, Texas

• Median square footage (2024): 1,952
• Median square footage change (2019-2024): -15.97%
• Median listing price (2024): $349,000
• Median listing price change (2019-2024): 18.31%

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Raleigh-Cary, North Carolina

• Median square footage (2024): 2,219
• Median square footage change (2019-2024): -15.6%
• Median listing price (2024): $470,000
• Median listing price change (2019-2024): 25%

Winston-Salem, North Carolina

• Median square footage (2024): 1,939
• Median square footage change (2019-2024): -15.55%
• Median listing price (2024): $364,995
• Median listing price change (2019-2024): 32.73%

Data is sourced from USA Today Homefront and is accurate as of Aug. 20, 2024.

This article originally appeared on GOBankingRates.com : 10 Cities Where Homes Are Shrinking But Prices Are Skyrocketing