In Q1 2026, the median price of new single-family homes was $403,200, slightly lower than existing homes at $404,600, marking the fourth consecutive quarter existing homes were pricier. New home prices decreased 4.7% year-over-year, while existing home price growth slowed to 0.6%. Tight inventory and high interest rates keep existing home prices elevated. New home prices vary by region, with the Northeast being the most expensive for new homes and the Midwest for existing homes.