In 2025, new home prices stabilized at a median of $451,337, slightly up from last year but down from 2022, while existing home prices rose to $409,667. New builds remain more affordable per square foot nationally, especially in the South and West, due to larger sizes and more competition. New construction listings have steadied but now represent 16.7% of the market. Builders offer mortgage rate incentives, lowering average rates for new-home buyers to 5.27%, easing monthly payments. Down payments on new homes have also decreased, enhancing affordability.