When we look at US home prices, the median doesn’t always tell the whole story. In Q2 2026, the median price for a new single-family home came in at $410,700, while existing homes reached $435,700—a national gap of $25,000, and the widest we’ve seen so far. This trend, which started back in Q2 2024 when existing-home prices first edged ahead of new homes, is something I watch closely for both buyers and sellers. Many homeowners with those hard-to-beat pandemic mortgage rates have chosen to stay put, tightening supply, while builders have responded by offering smaller lots, more manageable homes, and plenty of incentives to attract buyers. But these numbers don’t capture every local market: everything from home type, lot size, and even rising construction costs can shape what the median really represents. By Q2 2026, new-home prices dipped about 1% year-over-year, while existing homes continued to climb—though more slowly—at around 2% after three years of steady increases. For anyone navigating the real estate landscape, understanding these trends is key to making informed decisions. I believe in helping my clients see the full picture, whether you’re buying or selling, so you’re never just relying on a single number.
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