How Do New-Home Prices Compare With the Resale Market?

New homes continue to be increasingly more affordable than existing homes. According to a recent report from the National Association of Home Builders, the median price for a new single-family home in Q-4 2025 was $405,300 nationwide, compared with a median price tag of $414,900 in the resale market.

Home price trends have reversed in the last few quarters of 2025

Historically, new homes have been more expensive than existing ones. From 2010 to 2019, for instance, the median price of a new home was approximately $66,000 more expensive than a resale. However, from 2020 to 2025, that gap narrowed to just $23,000, and within the last few quarters, the trend has reversed.

In some regions, new homes are still the more expensive option

New homes are the more expensive option in areas with low new-home inventory, such as the Northeast. In this region, the median new home costs $799,000, while existing homes cost $515,900, a whopping $283,100 gap. Likewise but less so in the Midwest, the median new home costs $377,900, while the median existing home goes for $317,200. 

In the South, new homes have become the more affordable option, but the gap between the new and resale market is narrower than the national numbers. For new homes in the South, the median price is $366,100 compared to $367,200 for resales. In the West, however, existing homes are far more expensive than their new-home counterparts, with a median price of $623,800 compared to $557,100 for new homes.