AZ Business Magazine | AZ Big Media
Americans moving to Phoenix or who made out-of-town moves last year typically paid less money for larger houses, according to a new Zillow analysis of moving data from northAmerican® Van Lines.
That’s a sharp break from the trend in recent years. The housing market’s impressive strength in 2020 paired with a newfound motivation to move helped sellers cash in on quickly rising home values to find places that better suit their needs — namely, bigger homes in less-expensive areas.
Movers went to ZIP codes where sold homes are 33 square feet larger on average than where they came from — roughly the size of a walk-in closet or extra bathroom. This was a significant jump from the 9-to 21-square foot step-up movers have taken in recent years.