The Golden Age of Spare Rooms: What Buyers and Sellers Need to Know

If you’ve ever wished for more space during the holiday season, you’re not alone. A recent report from Realtor.com® reveals that American homes have more extra bedrooms than ever before. The number of these surplus rooms, defined as bedrooms exceeding the household’s size (plus one for an office), has reached record levels.

Record Numbers in 2023

In 2023, the U.S. housing market hit an all-time high with 31.9 million extra bedrooms, up from 31.3 million the previous year and significantly higher than the 7 million recorded in 1980. These extra rooms now account for 8.8% of all bedrooms nationwide, more than double the 3.5% recorded in 1980.

This trend is driven by two factors: the increase in bedrooms per home and the decline in the average household size. Chief Economist Danielle Hale of Realtor.com® notes, “Since the 1980s, we’ve seen more bedrooms added to homes and fewer people living under one roof. Even as many Americans use spare rooms as offices, we’re living in a golden age of extra bedrooms.”

Are Homes Actually Getting Bigger?

Not exactly. While the average number of bedrooms per home has grown over the past 50 years—from 2.5 in 1970 to 2.8 in 2023—there hasn’t been much change in the last decade. Instead, the decline in household size has played a more prominent role. The average household size fell from a high of 3.1 people in 1970 to a record low of 2.5 in 2023.

What This Means for Homebuyers and Sellers

The abundance of extra bedrooms opens up exciting opportunities for buyers and sellers alike. Here’s what to consider:

• For Buyers: If you’re shopping for a home, prioritize how you’d use those extra bedrooms. Think beyond guest rooms—they could be home offices, gyms, hobby spaces, or even rental opportunities.

• For Sellers: Highlight the versatility of extra bedrooms in your listing. Emphasize how these spaces can adapt to a buyer’s lifestyle, whether for remote work, hosting guests, or personal retreats.

The Takeaway

The modern home reflects changing lifestyles, with more rooms and fewer people. Whether you’re buying or selling, understanding this trend can help you make informed decisions. Extra bedrooms aren’t just a statistic; they’re an opportunity to create spaces that truly enhance living.

If you’re curious about how this trend could impact your real estate journey, reach out today. Whether you’re looking to upsize, downsize, or find a home that fits your unique needs, our team of local real estate experts is here to help!

To learn more about this trend take a look at this article from FL Realtors.