Those searching for the more affordable white picket fence may be better off renovating their uptown condo and staying put.

Since 2019, home prices have jumped more than 25% per Square Foot in the United States, with urban homes costing more than per square foot back in 2019. Today, suburban homes are closing that gap. In fact, there is only a 7% difference in square foot cost between the two types, according to a new data analysis by Realtor.com.