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Median Age of Home Buyers: 2001 – 2010

  • The typical age of home buyers has remained at 39 years of age since 2007.
  • However, when looking closer there are differences among first-time home buyers and repeat home buyers.
  • The age of first-time home buyers fluctuates with household affordability. From 2003 to 2006, during the housing boom, younger buyers had a more difficult time entering the market and the typical age rose to 32. In 2007, the typical age of first-time home buyers fell to 31 and from 2008 to 2010 the typical age has remained at 30.
  • Among repeat buyers the story is different. When many markets became buyer’s markets, current home owners stayed in their homes longer, putting off selling and moving to a different home. This affected not only tenure in home, but the typical age of repeat buyers. Repeat buyers increased in age steadily on an annual basis from 41 in 2001 to 49 in 2010.
  • For more information on the Profile of Home Buyers and Sellers click here

medianage

Jessica Lautz, Survey Research Manager

Jessica Lautz is the Survey Research Manager. Jessica analyzes data and writes annual studies such as the Member Profile, the Profile of Home Buyers and Sellers, and the Commercial Member Profile.

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Comments
  1. Great info — important information for home sellers to know this demographic info.

  2. This is important for Realtors like myself to know, and who to target!

  3. It is always to get such authoritative information from this website and other publications the NAR puts out for the public and Realtors. Using this information to keep our communities informed can only enhance the Realtor presence and make our jobs easier since the consumer needs to understand we are there to serve them in the sale, rental or purchase of a property.

    I use this information quite often and continue to be proud to be a member of the Realtor family because I know my dues go towards gathering information that will help the public and not just self-serving to the realtor community.

    As a provider of FSBO services I can help them become better servicers to the community in the part they play in keeping real estate on track as being the American dream.

  4. Love the Information. Thanks for the post!