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In 2024, the median age of first-time homebuyers reached 38, the highest ever recorded, according to the National Association of Realtors (NAR) report, marking a significant increase from the previous year



Here's a more detailed breakdown:
  • Record High Age:
    The median age of first-time homebuyers reached 38 in 2024,
    the highest ever recorded in the data's history. 
     
    Data Source:
    This information comes from the National Association of Realtors
    (NAR) 2024 Profile of Home Buyers and Sellers report. 
     
    Previous Year:
    In 2023, the median age of first-time homebuyers was 35

     
    All-Time High for Homebuyers:
    The overall median age of homebuyers also reached an all-time high
    of 56 in 2024, up from 49 in 2023

     
    First-Time Homebuyer Market Share:
    The share of first-time homebuyers in the market decreased to a
    historic low of 24%, down from 32% the previous year. 

     
    Repeat Buyer Age:
    The median age of repeat buyers also increased to 61 years, up from 58 last year


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