08/24/2026
Sticker shock keeping you on the sidelines? Condos might help.
The median condo sold for $380,000 in June, while the median single-family home went for $446,400. That's a gap of more than $66,000.
Part of that is because condos are usually smaller. But that's exactly the point. Smaller square footage can mean a smaller price tag.
So, if you can make less space work for your life, it may work for your budget, too.
For a lot of buyers, especially first-timer buyers, a condo or townhome is the difference between waiting and owning.
Today’s buyers are putting less money down. And that’s reassuring if you’ve been feeling priced out of the market lately.
The typical buyer put down about $23,400 in early 2026 – that's a 19% year-over-year dip, and the lowest down payments have been since 2021. How’s that possible?
A more balanced market and more moderate home prices are easing the pressure to put a big sum down. Plus, more buyers are opting for loans that require little or no...