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.
Millions of Families Are Living Multi-Generationally
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.
Multi-Generational Houses Sell at a Premium
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 Buyers Aren’t Getting Sticker Shock
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.
Multi-Generational Homes Are Getting More Buyer Attention
Does your home have an in-law suite, finished basement, bonus room, or separate living space? Those flexible features may be more valuable than you think. Multi-generational homes are getting 13.5% more online views and typically list for 22% more per square foot than standard homes. Buyers are actively looking for homes that can accommodate parents, adult children, guests, or extended family. Thinking about selling? The Kombrink Team can help you understand what your home is worth and how to market its most valuable features.
Ever thought of your house as a multi-generational home? If you've got an in-law suite, a bonus room, or a finished basement with its own entrance, plenty of buyers already see it that way.
And that’s exactly what they’re after. Houses with room for multiple generations are pulling more buyer interest than standard homes. They get thirteen-point-five percent more views online.
They also command a higher list price, typically twenty-two percent more per square foot than standard homes, thanks to the extra space and those special features I mentioned earlier. So, if your house has that kind of flexible space, you've got something buyers are actively looking for.
Want to know what your house could sell for? Reach out to The Kombrink Team and let's chat. We'll show you what it's worth and how to reach the buyers who want it most.
Bottom Line
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.
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