Meet the Team
Loan Programs
New Construction LoansAll Loan Programs
Mortgage CalculatorsReviewsBlog
Apply Now
Tips

A Newly Built Home May Actually Be More Budget-Friendly

The CL Team
The CL Team
July 1, 2025

If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today. Hard to believe, right? But the data doesn’t lie.

Here are two key reasons working with your agent to look into new home construction could help you find a more budget-friendly option.

Reason 1: Lower Median Prices for Newly Built Homes

The median sales price for newly built homes is lower than the median sales price for existing homes today. This might seem surprising, but it’s true according to the latest data from the Census and the National Association of Realtors (NAR):

The CL Team Median Price for New Homes is Coming Down chart

Why is that? Builders are focused on building what they can sell. And right now, there’s a very real need for smaller and more affordable homes – so that’s what they’ve been bringing to the market. At the same time, there are also more newly built homes already on the market than there have been over the past few years, so builders are motivated to make sure they’re selling what they’ve got available before adding more.

Reason 2: Attractive Incentives from Home Builders

Another big reason to consider a newly built home is the range of incentives that many home builders are offering. Again, since builders are aiming to sell their current inventory, some are providing special deals to sweeten the pot for homebuyers. HousingWire explains today’s trend:

“Overall, the usage of sales incentives was up to 61% in June, compared to 59% in May.”

One of the most appealing incentives right now is how builders are able to offer competitive mortgage rates. They may also provide other incentives, such as covering closing costs, or offering free upgrades.

Why This Matters to You

Considering a newly built home could open up opportunities you hadn’t thought of before. With competitive pricing and attractive incentives, you might just find that a brand-new home is the most appealing option for you.

Bottom Line

Buying a home is a big decision, and it’s essential to consider all your options. By looking into newly built homes, you might find a perfect fit for your needs and your budget.

Let’s explore the possibilities together. If you have any questions or want to see what’s available, feel free to reach out.

Share this post
Many people assume that newly built homes are more expensive than existing ones, but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today.
https://clteam.us/post/a-newly-built-home-may-actually-be-more-budget-friendly

Discover more articles.

Stay informed with more of our informative blog posts.

Moving On? Here’s How to Make This Market Work for Your Finances

Moving On? Here’s How to Make This Market Work for Your Finances

Thinking of selling? The market’s more balanced—and that’s good news. Learn how sellers are winning with smart pricing, flexibility, and strategy in today’s shifting housing landscape.
Read more
Rates Closing in on 8 Month Lows

Rates Closing in on 8 Month Lows

The Fed didn’t cut rates—but shifting expectations did push mortgage rates lower. Find out why markets are optimistic and what could impact rates in the days ahead.
Read more
Buying Your First Home? Here's How the Right Loan Can Make It Happen

Buying Your First Home? Here's How the Right Loan Can Make It Happen

First-time homebuyer? You don't need perfect credit or a massive down payment. Learn how FHA loans and other programs can make homeownership more achievable than you think.
Read more
View All
This is a Loan Production Office of Luminate Bank®
400 Executive Center Dr., Suite #108, Greenville, SC 29615

(864) 569-0741
origination@clteam.us

Hours: Monday to Friday 9am to 5pm
The CL Team
HomeMeet The TeamReviewsContact Us
Resources
CL Team BlogFirst-Time HomebuyersNew Construction LoansLoan ProgramsMortgage CalculatorsApply Now
Follow Us
LinkedIn
Facebook
Instagram

Caleb LeGrand NMLS 259691

Luminate Bank NMLS 1281698 Bank Headquarters 2523 S. Wayzata Blvd., Suite 100 Minneapolis, MN 55405 (952) 939-7200. This is not an offer to enter into an agreement. Information provided is outlining the minimum down payment requirements as allowed by specific loan program and product guidelines and any information, rates and programs are subject to change without prior notice and may not be available in all states. All loans are subject to credit and property approval. Luminate Bank is not affiliated with any government agency. All rights reserved. Member FDIC. Equal Housing Opportunity Lender.

Copyright © 2023-2022 CL Team at Luminate Bank. Made by Semmodo
Privacy PolicyCompany LicensesNMLS Consumer AccessAccessibility