Is It Hard To Sell A Two Bedroom House?

By
Real Estate Agent with Century 21, The Real Estate Centre, 410-665-0200 Office 634480

Is It Hard To Sell A Two Bedroom House?

 

According to data provided by the U.S. Census Bureau the average number of people occupying a house in the United States in 1850 was just over 5 people.

 

Over the years that average number of people occupying a house has steadily declined.

 

Even during the baby boom, that number was significantly lower at an average of 3.36 people per house as compared to the over 5 average of 1850.

 

Nevertheless, even with declining numbers, if we stopped with these numbers, then we could see how the idea that it is difficult to sell a 2 bedroom house could have developed.  The people could not easily fit into the house.

 

However, that average number has continued to decline such that the average number of people per house had gone down to 2.52 people in 2019.

 

This number varies as you go to different parts of the country.  Maine had the lowest average at 2.19, while Utah had the highest average at 3.12.  For a global comparison, Germany is near the lowest at 1.99.  These numbers were based on statistics from 2018.

 

About 63% of U.S.households consist of 2 or fewer people.  About 28% of U.S, households consist of 1 person.

 

When we look at the recent numbers, it looks like a home with 2 bedrooms, or even less, may be the more desirable number of bedrooms.

 

However, this extremely long term trend of decreasing household sizes in the U.S. may be ending.

 

One concern is the rising cost of real estate.  It is not as affordable for one or two individuals to own a home, so people may go into a purchase with another.

 

Another concern is related to energy.  One, the cost of energy is going up and, two, the carbon footprint per individual is considered more seriously because of its impact on global climate change.

 

So, at least by today's statistics, it looks like there should be a market for 2 bedroom houses, but we should definitely keep an eye on the beginning of a trend towards an increasing sized household.

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Topic:
Real Estate Market Trends
Location:
Maryland Baltimore County Nottingham Perry Hall
Groups:
Zenith Realty
Tags:
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Rainer
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Kathryn Sparks
Zenith Realty - Baltimore, MD

Ron,

Good information.  Many people are afraid to buy a 2 bedroom house because of the fear of being able to sell it later.  The fear seems to be unwarranted.

Feb 15, 2020 03:20 PM #1
Rainer
401,351
Karen Krzniak
Zenith Realty - Towson, MD

Ron,

Because of the cost of real estate, many people in Baltimore City are going into purchases with others to lower their individual cost.

Feb 15, 2020 03:23 PM #2
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Never an issue here. Just saw a 2 br, 1 bath, 1190sf with no garage. Tesla 15.8 kw battery pack. all high tech gadets listed for 958K sold for $1,059,000.00 in 5 days with 12 buyers. It is 2.2 miles from the proposed Goggle Village in downtown SJ.

3 Br 2 bath you are looking at 1.2-1.4M, 70 year old home. 

Feb 15, 2020 05:31 PM #3
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Rainmaker
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Ron Trzcinski, 410-935-5844

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