As housing prices rise across the United States, consumer preferences in home furnishings are shifting toward more intentional and space-efficient choices, according to an analysis by House of Leon.
© Igor Borodin | Dreamstime
In Q1 2025, the median U.S. home price reached $416,900. Paired with high mortgage rates, affordability challenges are prompting many to downsize or rent. This has increased demand for modular sofas, extendable tables, and multi-functional storage solutions designed for smaller spaces and flexible living.
While people may be purchasing fewer items overall, there is growing emphasis on quality, longevity, and value. Consumers are investing in durable, timeless pieces rather than frequent, trend-based purchases. The home furnishings market reflects this shift, with projections by the Business Research Company indicating growth from $217.53 billion in 2024 to $286.39 billion by 2029.
Renters, who make up a rising share of the market, are particularly drawn to lightweight, adaptable furniture that supports frequent relocations. Online furniture sales, which reached $15.5 billion in 2024, further highlight a demand for accessible and flexible retail experiences.
The evolving real estate market is reshaping not only where people live, but how they furnish those spaces, with practicality, adaptability, and long-term value driving decision-making.
Source: www.brookingsregister.com