There’s an interesting trend unfolding in the national housing market that’s worth a closer look—especially for those considering a move in Spring Lake, Grand Haven, or Muskegon. In Q2 2026, the median price for new single-family homes across the US was $410,700, while existing homes came in at $435,700. That $25,000 gap is the widest we’ve seen, and it continues a reversal that began in Q2 2024, when existing-home prices overtook new construction for the first time in years.
What’s fueling this? Many homeowners are holding onto their homes thanks to low pandemic-era mortgage rates, making fewer properties available. At the same time, builders are adapting—offering smaller homes on smaller lots and creative incentives to help buyers. It’s important to remember that these national numbers don’t always reflect what’s happening in our West Michigan communities. Factors like home style, lot size, and construction costs play a big role in shaping local prices.
By Q2 2026, new-home prices nationally dipped about 1% year-over-year, while existing home prices still grew—though at a slower pace (about 2%) after twelve quarters of steady increases. As a team that specializes in waterfront, single-family, condos, and new construction, we’re seeing these national trends play out in unique ways right here along the lakeshore. If you’re navigating your next move, understanding how these shifts impact our local neighborhoods can make all the difference.
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