🏡 New Homes Are Now Cheaper Than Existing Homes — What It Means for Northeast Iowa

For the first time in U.S. history, the median sale price of a new home is lower than that of an existing home.

According to June 2025 data reported by Realtor.com:

• New Homes: $401,800

• Existing Homes: $435,300

That’s a $33,500 difference — and a historic market shift.

🔑 Why This Is Happening

Builders across the country are adjusting to the market by:

• Offering incentives and discounts to move inventory

• Designing homes that are more efficient and cost-effective

• Delivering houses with lower long-term maintenance needs

Meanwhile, many existing homes on the market come with higher repair costs, outdated systems, and rising utility bills — pushing their overall cost higher.

🔨 What This Means in Northeast Iowa

Here in Chickasaw County and surrounding areas, we’re seeing homeowners ask a critical question:

👉 Is it smarter to remodel what I have — or build new?

Both options have value:

• Remodeling: Keeps the character of your home while adding comfort and modern updates.

• New Builds: Deliver long-term efficiency, fewer repairs, and the chance to design a home that fits your lifestyle from the ground up.

At Knights Construction, we specialize in both. From farmhouse remodels to custom new builds, our focus is helping Northeast Iowa families make the right choice for their budget, goals, and future.

📅 Why 2025 Is the Year to Decide

With market conditions like this, waiting could mean:

• Missing out on builder incentives

• Paying more as material prices climb

• Delaying projects until contractor schedules are full

Now is the time to start planning. Whether it’s a new addition, remodel, or full custom build, we’re here to guide you every step of the way.

📞 Let’s Talk About Your Project

If you’ve been on the fence about building or remodeling, let’s start the conversation.

👉 visit our website

Let’s make 2025 the year your vision becomes reality.