Median price of new US homes falls to $400,400
by@Kalshi
Summary
The median price of new homes in the United States has decreased to $400,400, marking a decline from the previous year's figures, although it remains higher than the median price from the prior month. This price drop comes amid a slowdown in new-home sales during September, attributed to elevated mortgage rates that have dampened buyer demand, prompting builders to offer price reductions and incentives to stimulate sales.
Analysis
US homes: The news refers to newly built single-family homes in the United States, rather than an organization or named project. The median sales price for new homes sold in September 2026 was $400,400, reflecting a year-over-year decline amid softer demand and builder price adjustments. Price trend: The September median was below the year-earlier level, while remaining above the previous month’s median. Market conditions: New-home sales edged lower in September as higher mortgage rates weighed on demand and builders used price reductions or incentives to attract buyers.
Categories
macro
Related sources
- https://www.census.gov/construction/nrs/pdf/newressales.pdf
- https://www.census.gov/construction/nrs/current/index.html
- https://www.census.gov/construction/nrs/pdf/newressales_202608.pdf
- http://rmb.reuters.com/rmd/rss/item/tag:reuters.com,2026:newsml_KCN3W7225?channel=frL012
- https://fred.stlouisfed.org/series/MSPNHSUS
- https://theedgemalaysia.com/node/823525
- https://tradingeconomics.com/united-states/new-home-sales
- https://www.mpamag.com/us/mortgage-industry/market-updates/new-home-sales-edge-lower-in-september-as-prices-cool-off/595123
- https://fred.stlouisfed.org/series/MSPUS
- https://www.redfin.com/news/housing-market-update-asking-prices-decline-october/