Generative Artificial Intelligence (AI) in Real Estate Market Report 2025

This Generative Artificial Intelligence (AI) in Real Estate market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The generative artificial intelligence (AI) in real estate market size has grown exponentially in recent years. It will grow from $0.59 billion in 2024 to $0.77 billion in 2025 at a compound annual growth rate (CAGR) of 30.7%. The growth in the historic period can be attributed to rise in urbanization, increasing demand for personalized property, growth in adoption of smart building technologies, growth in data availability, and growth in investments in AI research and development.

The generative artificial intelligence (AI) in real estate market size is expected to see exponential growth in the next few years. It will grow to $2.23 billion in 2029 at a compound annual growth rate (CAGR) of 30.4%. The growth in the forecast period can be attributed to growing demand for new construction, increasing disposable income, growing number of proptech startups, increasing demand for platforms, and growing demand for personalization. Major trends in the forecast period include technological advancements, smart home integration, property security systems, augmented reality, and virtual tours.

The increasing demand for new construction is expected to drive the growth of the generative AI in real estate market in the future. The rise in new constructions is fueled by factors such as population growth, urbanization, and the need for updated infrastructure and housing to meet evolving lifestyles and economic conditions. Generative AI in real estate enhances construction processes by optimizing building designs, automating planning tasks, and predicting material requirements, which leads to more efficient and cost-effective project management. For example, in February 2023, the Office for National Statistics, a UK-based statistics authority, reported a 5.6% growth in annual construction output in 2022 compared to 2021, following a record 12.8% increase in 2021. Thus, the growing demand for new construction is driving the expansion of the generative AI in real estate market.

Major companies in the generative AI in real estate market are developing AI-powered real estate assistants to improve property valuation accuracy, streamline transaction processes, and enhance customer engagement. These generative AI-powered assistants are advanced digital tools designed to support various real estate tasks using artificial intelligence technologies. For example, in June 2024, Keller Williams Realty Inc., a US-based real estate company, introduced KWIQ, a generative AI-powered real estate assistant. KWIQ is designed to increase the productivity and efficiency of real estate agents by providing a range of tools and features. It helps agents create various types of content, such as newsletters, social media posts, and listing descriptions, thereby simplifying their marketing efforts. The tool aims to enable agents to work more intelligently and effectively, improving their capacity to serve clients.

In June 2024, Entrata, a US-based company specializing in property management software, acquired Colleen AI for an undisclosed amount. This acquisition aims to integrate Colleen AI into Entrata's existing system to improve autonomous property management. The integration is expected to enhance operational efficiency and enrich the resident experience by automating end-to-end workflows. Colleen AI is a US-based generative AI startup focused on the real estate sector, designed to streamline property management and improve communication between property managers and residents.

Major companies operating in the generative artificial intelligence (AI) in real estate market are Compass Inc., Rocket Companies, Autodesk Inc., Zillow Group Inc., Yardi Systems Inc., Redfin Corporation, C3.ai Inc., DataRobot Inc., Keller Williams Realty Inc., Matterport Inc., H2O.ai Inc., Matellio Inc., Rex Real Estate Exchange Inc., LocalizeOS Inc., HouseCanary Inc., Hyro Inc., BigOhTech Inc., Roof Ai Inc., RisingMax Inc., SmartZip Analytics Inc., Entera Inc.

North America was the largest region in the generative AI in real estate market in 2024. The regions covered in the generative artificial intelligence (AI) in real estate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the generative artificial intelligence (AI) in real estate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Generative AI in real estate involves leveraging artificial intelligence technologies to create, analyze, and optimize real estate data and processes. By employing advanced algorithms, generative AI can produce accurate property valuations, design innovative architectural plans, forecast market trends, and provide personalized property recommendations. This enhances decision-making and improves operational efficiency within the industry.

The main elements of generative AI in the real estate market include services, software tools, and platforms. Services in this area consist of consulting, implementation, and support, helping businesses integrate AI technologies into their operations. Deployment options include cloud-based and on-premises solutions, with applications spanning property valuation, building design, predictive maintenance, energy management, and more. End-users of these technologies include real estate agents, property managers, architects, engineers, and others.

The generative AI in real estate market research report is one of a series of new reports that provides generative AI in real estate market statistics, including generative AI in real estate industry global market size, regional shares, competitors with a generative AI in real estate market share, detailed generative AI in real estate market segments, market trends and opportunities, and any further data you may need to thrive in the generative AI in real estate industry. This generative AI in real estate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The generative AI in the real estate market consists of revenues earned by property valuation and pricing, market analysis and forecasting, virtual tours and staging, lead generation and management, risk assessment, and fraud detection. The market value includes the value of related goods sold by the service provider or included within the service offering. The generative AI in the real estate market also includes sales of products including property valuation tools, chatbots and virtual assistants. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.