2025 New and Resale Outlook of Single-family Home Prices
In the fourth quarter of 2025, the median price for a new single-family home was $405,300, which was $9,600 lower than the median price of an existing home. The existing single-family home price stood at $414,900. According to the U.S. Census Bureau and the National Association of Realtors data, this marks the third consecutive quarter for which existing home prices have exceeded new home prices.
Usually, new homes carry a price premium over existing homes. From 2010 to 2019, this pattern held steady, with an average difference of $66,000. However, from 2020 to 2025, the gap has narrowed significantly, averaging just $23,300.
