Higher Average Homebuyer Age Now Dominating the Housing Market

The latest survey from the National Association of Realtors (NAR) reveals the average homebuyer age has climbed to 59, up from 49 in 2023. First-time buyers now average 38 years old, while repeat buyers are 61. Only 24% of buyers are first-timers—a historic low. Incomes have also reached record highs, with households averaging $108,800 and first-time buyers earning $97,000, reflecting significant income growth since 2021. This demographic shift underscores how income and affordability challenges are shaping the market toward older buyers. **Our Take** NAR’s data shows a widening income gap between first-time and repeat buyers. With rising income requirements, younger buyers are being priced out, while older buyers with established incomes dominate the market. These trends reveal an evolving demographic landscape in real estate, with affordability continuing to be a major factor in buyer profiles. Contact Westside Los Angeles Luxury Real Estate Broker Abdo Pierre Faissal at Nourmand & Associates for more information 310-620-1038 / [email protected] facebook-letter-logo x-logo linkedin-logo pinterest-logo [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fapfreg.com%2Folder-buyers-now-dominating-the-housing-market%2F) [X](https://x.com/intent/post?url=https%3A%2F%2Fapfreg.com%2Folder-buyers-now-dominating-the-housing-market%2F&text=Higher+Average+Homebuyer+Age+Now+Dominating+the+Housing+Market) [Pinterest](https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fapfreg.com%2Folder-buyers-now-dominating-the-housing-market%2F) [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fapfreg.com%2Folder-buyers-now-dominating-the-housing-market%2F&title=Higher+Average+Homebuyer+Age+Now+Dominating+the+Housing+Market&summary=The+latest+survey+from+the+National+Association+of+Realtors+%28NAR%29+reveals+the+average+homebuyer+age+has+climbed+to+59%2C+up+from+49+in+2023.+First-time+buyers+now+average+38+years+old%2C+while+repeat+buyers+are+61.+Only+24%25+of+buyers+are+first-timers%E2%80%94a+historic+low.+Incomes+have+also+reached+record+highs%2C+with+households+averaging+%24108%2C800+and+%5B%E2%80%A6%5D)