Maybe you’ve heard of shrinkflation or lived it while opening a bag of chips. Well, it’s coming for your house, as Fortune has previously reported. Homes are shrinking in size and soaring in price. The median American home is 128 square feet smaller and $125,000 more expensive than it was five years ago, according to a recent analysis from service journalism group USA Today Homefront.
Its research team used Realtor.com data to examine changes in listing prices and square footage across 150 of the most populous metropolitan areas. Among those areas, only 18 have seen home sizes expand during the past five years. But without fail, each one saw prices rise. Basically, the median home is more than 6% smaller now, while the median price is 39% more expensive overall—and 52% more expensive per square foot.
