Residential Real Estate Market Demand, Growth And Forecast to 2034

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How has the Residential Real Estate Market Size Grown and What is its Future Outlook?
The residential real estate market has exhibited resilient growth, expanding from $10111.21 billion in 2024 to an estimated $10629.44 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. This growth spurt can be traced back to economic stability, evolving interest rates, accessibility to mortgages, population growth, urbanization, government policies and incentives and shifting demographic trends. Looking at the trends, the residential real estate market size is projected to witness steady growth, reaching $12843.32 billion in 2029 at a CAGR of 4.8%. This forecasted growth is tied to low-interest rates, shifts in remote work practices, environmental sustainability, and changing household structures.
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What Factors are Driving the Residential Real Estate Market Growth?
The primary driver for the growth of the residential real estate market is the rising demand for residential properties. These spaces, equipped with necessary facilities and utilities, cater to the living needs of individuals and families. The increasing demand for residential properties fuels housing demand, propels the construction of high-rise and mixed-use buildings, and brings about urban renewal and redevelopment opportunities. Illustratively, the United States Census Bureau reported that in February 2023, building permits for privately owned housing units tallied to 1,524,000 on a seasonally adjusted annual basis, marking a 13.8% increase from the corrected January rate of 1,339,000.
Which are the Major Segments within the Global Residential Real Estate Market?
The residential real estate market report covers several segments:
1) By Type: Apartments, Condominiums, Landed Houses, Villas
2) By Pricing: Affordable, Mid-Range, Luxury
3) By Size: Less Than 50 Square Meters, 51 To 80 Square Meters, 81 To 110 Square Meters, 111 To 200 Square Meters, More Than 200 Square Meters
4) By Business: Sales, Rental
5) By Mode: Online, Offline
Who are the Key Players in the Residential Real Estate Market?
Prominent firms operating in the residential real estate market include Real Estate Maximums, Sotheby’s International Realty, CBRE Group Inc., Keller Williams Realty Inc., Colliers International, Christie’s International Real Estate, D. R. Hortons Inc., DLF Ltd., IJM Corporation Berhad, and Lennar Corporation among others.
What are the Emerging Trends in the Residential Real Estate Market?
The adoption of AI technology is an emerging trend in the residential real estate market. For instance, Restb.ai, a Spain-based computer vision provider for real estate, launched MLS Suite for Multiple Listing Services for AI in real estate in September 2022. These AI-powered tools aim to automate listing entry processes, ensure user safety on IDX and VOW websites, and enrich MLS data.
Which Region Dominates the Global Residential Real Estate Market?
As of 2024, Asia-Pacific holds the largest share in the global residential real estate market. Other regions covered in the residential real estate market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Residential Real Estate Market Report 2025 Offer?
Residential real estate refers to properties dedicated to personal use, such as houses, apartments, and condominiums. Serving as primary residences, these properties provide accommodations for individuals and families. The Residential Real Estate Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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