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DFW new construction buyers comparing a new build list price and sold price at a model home

DFW New Build List Price vs Sold Price: The $99K Gap

October 20, 2026

Last updated: October 20, 2026

DFW New Build List Price vs Sold Price: The $99K Gap

By Steven J. Thomas, Broker, Refind Realty DFW · Loan Officer, Envision Home Lending LLC, NMLS #689220. Baylor financial planning degree, 20+ years in financial services.

DFW new builds listed at an average of $570,660 and closed at an average of $472,100 in September 2026, a gap close to $99,000, per Scribner DFW's analysis of NTREIS data. That compares asking prices to closed prices on different homes, so it is not your discount. Closed new builds averaged 93.5% of original list.

The builder's rep works for the builder. Nobody in the model home works for you unless you bring your own agent. The price on the sign is the builder's number, and the gap between that number and what closes is where your room to negotiate sits.

How far below list price do new builds sell in DFW?

Scribner DFW's October 12, 2026 brief, built on NTREIS data as of September 30, 2026, reports new builds selling at 93.5% of original list after 86 days on market. Resale homes also hold 93.5% of original list but sell in 61 days. Per house, the discount is similar. The pace is what differs.

DFW, September 2026New constructionResale
Average list price$570,660 (+4.2% year over year)$523,120 (-7.1%)
Average sold price$472,100 (+3.0%)$465,500 (+2.3%)
List-to-sold gapabout $99,000about $58,000
Sold vs original list93.5%93.5%
Days on market8661

Source: Scribner DFW, "DFW Market Brief, September 2026," October 12, 2026. Data: NTREIS as of September 30, 2026.

Why is the new-build gap wider than the resale gap?

Builder list prices rose 4.2% in a year while resale list prices fell 7.1%. Builders are holding the sticker and sellers of existing homes are lowering theirs. Closed prices rose 3.0% for new builds and 2.3% for resale, so the gap widened on the new-build side.

Part of the gap is mix. The averages compare today's asking prices on active listings to prices on homes that closed, and larger, higher-priced homes sit in the active count. That is my read, not a figure from the brief. It is also why the $99,000 does not come off your price.

What does the list-to-sold gap do to a monthly payment?

With 20% down at 7.40%, principal and interest on the $570,660 average list price is about $3,161 a month (7.46% APR). On the $472,100 average sold price it is about $2,615 (7.47% APR). The $546 monthly difference is my arithmetic on two averages, not a quote on any one home.

The rate is the Freddie Mac Primary Mortgage Market Survey weekly average for October 15, 2026, from freddiemac.com/pmms, not a quoted rate. The loans are $456,528 and $377,680. Payments cover principal and interest only, not taxes, insurance, or HOA dues. APRs assume $1,495 in lender fees, 0 points, and 15 days of prepaid interest, with no mortgage insurance. This is an illustrative example, not a loan offer or a rate lock. Steven J. Thomas, NMLS #689220, Envision Home Lending LLC, Company NMLS #2619789.

What should you ask a builder for before you ask for a lower price?

Ask for a rate buydown or a closing cost credit before you ask the builder to cut the base price. A base price cut lowers the number for every buyer in the community. An incentive stays between you and the builder, and a buydown works on your payment. Get it in writing with an expiration date.

Check the builder's registration rule before your first visit, because some builders will not pay an agent who arrives after you have toured alone. For what builders trade at the table, read how to negotiate a Midlothian new build. To compare the builder's lender with your own, see preferred lender versus outside lender. Closing cost credits have limits, covered in how closing cost contributions work on a new build.

Does a Midlothian new build price like a Midlothian resale?

No. Midlothian's September 2026 resale median was $470,000, down 4.2% from $490,500, with 4.6 months of supply and 83 days on market (NTREIS). Those city tables leave out builder direct sales. A Midlothian new build prices off the builder's sheet, so the resale median is a comparison point, not a quote.

Midlothian resale homes closed at 95.7% of list with 293 active listings. For the corridor view, see Midlothian, TX real estate. If you are comparing builders, the free New Construction Buyer Guide lists what to ask before the first visit.

FAQ: DFW new build prices

Is a builder's list price negotiable in DFW?

Sometimes. Closed new builds averaged 93.5% of original list, so sales closed below the first sticker. What a buyer gets varies by builder and community, and incentives are more common than base price cuts.

Should I use the builder's lender?

Compare Loan Estimates with the incentive subtracted. A lender credit only helps if the rate and fees underneath it hold up against an outside quote. I am licensed as both a broker and a loan officer, so I read the contract and the Loan Estimate together.

Do I need my own agent to buy a new build?

The sales rep represents the builder. Your agent represents you. Builders commonly pay the buyer's agent, so confirm that with the builder in writing before your first visit.

Are DFW new build prices rising?

Average list price was up 4.2% year over year to $570,660 in September 2026, and average sold price was up 3.0% to $472,100 (Scribner DFW, NTREIS data).

How long do DFW new builds take to sell?

New builds averaged 86 days on market in September 2026, against 61 days for resale (Scribner DFW, NTREIS data).

Do city market reports include builder sales?

The NTREIS city tables I quote cover MLS sales and leave out builder direct sales. A city median can understate what a new build costs there.

Steven J. Thomas · Broker, Refind Realty DFW · TREC Broker License #0657467 · Loan Officer, Envision Home Lending LLC · NMLS #689220 · Company NMLS #2619789. Call or text 972-846-9170. Equal Housing Opportunity. Information About Brokerage Services and the Consumer Protection Notice are available at trec.texas.gov. Market data reflects current conditions and is not a guarantee of price or timeline.

DFW new build list price vs sold priceDFW new constructionMidlothian TXnew build negotiationbuilder incentives
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Steven J. Thomas

Steven J. Thomas is a dual-licensed real estate broker (#0657467) and loan officer (NMLS #689220) based in DeSoto, Texas, serving the Southwest Dallas–Fort Worth corridor — DeSoto, Cedar Hill, Duncanville, Lancaster, Red Oak, Waxahachie, Midlothian, and Mansfield. As a broker at Refind Realty DFW and a loan officer with Envision Home Lenders, he handles the sale and the financing of a move as one plan, not two separate transactions. A Baylor University financial planning graduate with 20+ years in financial services, Thomas focuses on the full picture — equity, timing, credit, and the next move — not just the house. He helps DFW Homeowners sell their current home and buy or build new construction in the DFW Area.

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Steven J Thomas

Steven J. Thomas

Steven J. Thomas has been in the financial services industry for the past 19 years and started my career as a Financial Planner for American Express Financial Advisors. I entered into banking with JP Morgan Chase as personal banker in 2003 and was promoted several times up to Small Business Specialist. I earned multiple Million Dollar Club awards and was ranked in the top 5 Small Business Specialist before I branched out in 2005 to start my own Financial Management Company. I ran a successful company before family circumstances lead me to Wachovia Bank in 2008 where I worked as a Senior Financial Specialist. As a Sr. Financial Specialist; I was responsible for the P & L and revenue growth of my banking center. The elimination of my role thru a bank merger lead me to BBVA Compass. I have held various leadership roles at BBVA Compass including Personal Relationship Manager, Branch Retail Executive, Workplace Solutions VP, and his current role as a Retail Manager. As the Regional Workplace Solutions VP, I was responsible for the strategic, tactical, and execution of Partnership Banking relationships, promotion and activity with corporate and non-profit companies in my footprint. I was responsible for the acquisition production for three districts, which includes 51 banking centers and over 300 employees. In May of 2014, I joined the team at Refind Realty and became one of the managing partners in mid-2015.

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Frequently Asked Questions

Why do you need a Realtor?

When buying or selling a home, there are so many options…which can also present a lot of obstacles. Laws change, forms change, and practices change all the time in the real estate industry. Because it’s our job to stay on top of those things, hiring a realtor reduces risk, and can also save you a lot of money in the long run.

When you work with me as your Realtor, you’re getting an expert who knows the area; knows how to skillfully guide your experience as a seller or buyer; can easily spot the difference between a good deal and a great deal. My job is to translate your dream into a real estate reality, and I work hard to earn and keep my business. This also means earning your trust: When you work with me, you’ll be working with a realtor who looks out for your best interests and is invested in your goals.

Which loan should you choose?

There are two different types of loans conventional loans and government-backed loans. The main difference is who insures these loans:

1 - Government-backed loans (FHA, VA and USDA):

(a) - Are, unsurprisingly, backed by the government.

(b) - Include FHA loans, VA loans, and USDA loans.

(c) - Make up less than 40 percent of the home loans generated in the U.S. each year.

2 - Conventional loans

(a) - Are not backed by the government.

(b) - Include conforming and non-conforming loans (such as jumbo loans).

(c) - Make up more than 60 percent of the loans generated in the U.S. each year.

What is the difference between FHA, VA and USDA loans?

1 - FHA LOANS:

FHA loans, which are insured by the Federal Housing Administration, are typically designed to meet the needs of first-time homebuyers with low or moderate incomes. FHA loans can be approved with a down payment of as little as 3.5 percent and a credit score as low as 580.

FHA loans are often called “helper loans,” because they give a leg up to potential borrowers who may not be able to secure one otherwise. For this reason, FHA loans have maximum lending limits, which are determined based on housing values for the county where the for-sale home is located.

Because the agency is taking on more risk by insuring FHA loans, the borrower is expected to pay mortgage insurance both at the time of closing and on a monthly basis, and the property must be owner-occupied.

2 - VA LOANS:

VA loans are backed by the Department of Veterans Affairs and they are guaranteed to qualified veterans and active-duty personnel and their spouses. VA loans can be approved with 100 percent financing, meaning VA borrowers are not required to make a down payment.

Unlike FHA loans, borrowers do not have to pay mortgage insurance on VA loans.

3 - USDA LOANS:

You may also hear about USDA loans, which are backed by the United States Department of Agriculture mortgage program. USDA loans are intended to support homeowners who purchase homes in rural and some suburban areas. USDA loans do not require a down payment and may offer lower interest rates; borrowers may have to pay a small mortgage insurance premium in order to offset the lender’s risk.

What’s a conventional loan? Understanding what it means to be conforming and non-conforming

Buyers who have a more established credit history and a larger down payment may prefer to apply for a conventional loan. These loans may offer a lower interest rate and only require the home buyer to purchase monthly mortgage insurance while the loan-to-value ratio is above a certain percentage, so a conventional loan borrower can typically save money in the long run.

Conventional loans are divided into two types: Conforming loans and non-conforming loans.

1 - CONFORMING LOANS:

Conforming loans are those that meet (or conform to) predetermined standards set by Fannie Mae and Freddie Mac — two government-sponsored institutions that buy and sell mortgages on the secondary market. By selling the loans to "Fannie and Freddie," lenders can free up their capital and return to issue more mortgages than if they had to personally back every loan that they approve.

The main standard for conforming loans is that the amount borrowed must be under a certain amount; in Alaska, a single-family home loan must be under $647,200 in order to be considered conforming.

Properties with more than one unit have higher limits.

2 - NON-CONFORMING (JUMBO) LOANS:

But what happens if a borrower wants to borrow more than the Freddie- and Fannie-approved loan amount? In this case, they would have to apply for a “jumbo loan,” which is the most common type of non-conforming loan.

Because the lender cannot resell the jumbo loan (or any non-conforming loan) to Freddie Mac or Fannie Mae, jumbo loans are considered to be riskier than a conforming loan. To protect against this risk, the bank will typically require a higher down payment; the interest rate on a jumbo loan may also be higher than if the same borrower applied for a conforming loan.

What kind of rate should you choose?

Rate types: Fixed-rate vs. adjustable-rate mortgages.

In addition to the loan type you choose, you’ll also have to determine if you want a fixed-rate mortgage or an adjustable-rate mortgage (ARM). A fixed-rate mortgage has an interest rate that does not change for the life of the loan, so it provides predictable monthly payments of principal and interest.

An adjustable-rate mortgage typically offers an initial introductory period with a low-interest rate. Once this period is over, the interest rate adjusts periodically, based on the market index. The initial interest rate on an ARM can sometimes be locked in for different periods, such as one, three, five, seven, or 10 years. Once the introductory period is over, the interest rate typically readjusts annually.

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Refind Realty DFW · 128 S. Cockrell Hill Rd, DeSoto, TX 75115 · (972) 846-9170