SEATTLE – (Realty News Report) – Sun Belt markets with an abundance of new home construction offer the biggest discounts for new homes relative to the price of existing homes, according to a new report.
Buying a new home is now typically a better value than an existing one nationwide, according to a Zillow analysis. New homes sell for a median of $205 per square foot nationally compared to a median of $212 for existing (resale) homes.
That’s a reversal from when new homes commonly sold for more than existing homes from 2018 to 2024. The price-per-square foot premium peaked at $25 in November 2022…