How Much Does It Cost to Build a House in 2024?
In certain scenarios, you may get more dream house for your buck if you build a new home rather than buy an existing home. So how much does it cost to build a house? Is it cheaper to build or buy a home?
The cost to build in 2024 will have a wide range, anywhere from $138,115 and $523,890, with a national average of around $315,176, which does not include the land. In comparison, the U.S. Census Bureau puts the median sales price of a new on-site home at $417,400 in May 2024.
In this post, we’ll break these costs down for you, show you some estimates by square foot, and give you examples of what you can afford with your budget.
There are plenty of reasons to build a new house rather than buy an existing one. To start, everything will be new, from the carpets to the sinks to the dishwasher. And you can influence the design so your house is just as you envision it.
