Kaitlynn Copinger is a freelance writer based in Virginia Beach. She is a previous newspaper reporter with an ext than a decade of professional writing experience. Having actually bought and sold one house, then relocating and purchasing another, Kaitlynn knows well the challenges and also joys of residence ownership.

You are watching: How expensive is building a house


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Source: (Piret Ilver / Unsplash)

Is it cheaper to develop or to buy a home?

If you’re experiencing sticker shock as you peruse obtainable houses, it’s not just you. Existing-home sales have actually reached a historical high the $329,100 in march 2021, follow to the NAR.

But much more than likely, the price of building your own house will be also higher.

“Right now, I would say the probably much more expensive to build,” says Ahern.

The mean sales price because that a newly constructed home sit at $485,128, follow to the NAHB. The U.S. Census Bureau’s march 2021 numbers room a bit much more competitive, with the typical sales price at $397,800 (and a typical at $330,800).

One means prospective homeowners can control costs is to have actually a addressed contract with the builder, so if the price of materials continues to walk up, the customer won’t see the impact, Ahern says.

But if she looking come build, components like quality, newness, and design might rank above cost on your priority list. ~ all, it’s hard to placed a price top top that emotion of learning you’re the home’s first owner — and that you lugged it to life.

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Whether she looking to construct custom or on a emerged lot, or if you’d favor to buy an present home, a top-ranked agent can help you.