New vs. Existing Home Prices: What the National Median Misses

Here’s an interesting snapshot of the national housing landscape: in Q2 2026, the median price for new single-family homes was $410,700—$25,000 less than the median for existing homes, which came in at $435,700. This might surprise many, as we often expect new builds to cost more. The main driver? Limited inventory of existing homes and a shift by builders toward smaller, more affordable options, especially in the South and West. While these national trends may not always reflect the unique character of markets like Spring Lake, Grand Haven, or Muskegon, understanding what’s happening on a broader scale helps us guide our clients—especially when considering new construction or weighing resale options. At Teitsma Homes Team, we keep a close watch on these shifts to ensure your next move is a smart one.