That spare room on the main floor. The finished basement with a kitchenette and its own entrance. The bonus room you’ve been using for storage.
To you, it’s extra space. But to a growing pool of buyers, it’s the reason they’d pick your house. Here’s why. Multi-generational homebuying is on the rise.
The number of multi-generational households is climbing. That’s when 3 or more generations live under one roof. And data shows those households grew from 3.2 million to almost 4 million between 2014 and 2024, according to Realtor.com.
And each year, more people are shopping for a larger home that fits their combined needs.
While the appetite for this type of house is rising across the board, data from USAFacts shows multi-generational living is more common in some states than others. The darker the state in the map below, the more common it is in that area (see map below):
Where does your state fall? Depending on where you are, the pool of buyers looking for a house like yours could be even bigger than you’d think. But the overall bottom line is this.
There’s a real market out there for larger homes with room for multiple generations under one roof, especially since affordability is still so tight. And if you own a house like that, it’s in demand.
And that extra room carries real value with the right buyer. According to Realtor.com, in 2025 the median asking price for a multi-generational house was $709,000 – roughly 65% higher than the $429,900 median for a standard house.
Some of that is simply size. But compare multi-generational homes to regular homes with the same amount of square footage, and they still come out on top – $262 per square foot versus $215.
That’s a 22% premium you could command for special features like in-law suites, second kitchens, and separate entries (see graph below):
When you sell, this could help you walk away with more money in your pocket, especially when your agent highlights your home’s multi-generational-friendly features in your listing.
And even with slightly higher price tags, buyers aren’t flinching. Multi-generational houses drew 13.5% more online views than standard ones, and they still sold just as fast – in about 59 days – per the same Realtor.com report.
Hannah Jones, Senior Economic Research Analyst at Realtor.com, explains:
“The strong demand and steep premiums we are seeing in inventory-constrained markets point to a real mismatch between what buyers are looking for and what is actually available. For sellers in these markets, this type of home can be a significant asset.”
Basically, when buyers want something that’s very specific, the house that checks the box tends to stand out.
Your multi-generational-friendly, or simply larger-than-average, house might meet criteria a lot of buyers can’t find in a standard one. That’s what gets attention. And offers. So, let’s chat about what it could get you in our market right now.
Ask around and almost every homebuyer out there wants to know if there’s a way to get a better deal. And just about every seller wants to know if they'll still get top dollar. The interesting thing is... both can be right at the exact same time. It just depends on where you live. That's...