NEW YORK (PIX11) – Americans are buying their first homes older than ever, according to a new report from the National Association of Realtors.
The median age for first-time homebuyers hit 38 years old between July 2023 and June 2024, up from 35 just a year before. As recently as 2010, the median age of a first-time buyer was 31.
Affordable housing units in NYC for New Yorkers earning $40,000 or less
The median age for all buyers is 56, and for repeat buyers, 61 – both all-time highs.