As the U.S. Housing market undergoes big shifts, many home inspectors are revisiting their pricing models. During the spring and summer of 2021, many inspectors increased their prices to account for growing inflation. But at the end of the year, some of the same inspectors were offering discounts and reduced pricing to respond to a slowing market and uncertain forecast in the new year.
In 2024, mortgage rates are high and home sales are rocky. It's hard to know how to competitively price your services while not undervaluing your work.
We've been following the same data you have. When we published our 2024 Spectora Industry Snapshot in February of this year, the average cost of a home inspection in the U.S. was $462. However, that number might not be too helpful as the cost of a home inspection varies regionally and from state to state.
To help you determine how to price your home inspections, here's a data set that we compiled: the average cost of a home inspection quote for (nearly) every zip code in the country.
This data was taken from more than one million home inspections logged on the Spectora app over a period of several years. The data goes up to December 2023. Because it's collected over a longer period, it's reflective of the market as a whole and less of a snapshot of any point and time.
It's important to note that this data does not account for the size of a home, the age of a home, or any other unique factors that impact the cost of an individual home inspection. The dataset also does not include ancillary services added after the initial booking. The numbers you see below are true averages across all home inspections.
As such, this data is best used as a guide as opposed to a prescriptive formula.
You can click your cursor in the embedded sheet below and hit CTRL+F or Command+F on your keyboard. That will bring up a search box where you can type in any zip code. Press enter.
We're glad you asked:
We were curious about that too, so we put together a top 10 list here. That list is pulled from data in November of 2022, so it may vary slightly from this one.
As of February of 2024, the average cost is $462. If you're curious about how much you should be charging for your services, check out this article where we break down how to price your services.