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Tag: new vs existing home price series

  • Home Sales and Prices

Prices for New Homes Continue to Drop as Existing Rises

Onnah DereskiMay 6, 2025May 6, 202505 mins

The median price for a new single-family home sold in the first quarter of 2025 was $416,900, a mere $14,600 above the existing home sale price of $402,300, according to U.S. Census Bureau and National Association of Realtors data (not seasonally adjusted – NSA). Typically, new homes carry a price premium over existing homes. However,…

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  • Home Sales and Prices

New and Existing Home Price Gap Shrinking

Onnah DereskiFebruary 25, 2025April 23, 202505 mins

The traditional price gap between new and existing homes was nearly nonexistent at the end of 2024. The median price for a new single-family home sold in the fourth quarter of 2024 was $419,200, a mere $9,100 above the existing home sales price of $410,100, according to U.S. Census Bureau and National Association of Realtors…

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