Record Age of Homes Purchased by Americans Reaches New Heights

May 12, 2025 - 14:31

In 2024, the average age of homes purchased in the United States has reached a historic milestone, with the typical home now being 36 years old. This marks a significant increase from the average age of 27 years recorded in 2012. The trend indicates a growing preference among buyers for older properties, which often come with lower price tags compared to newer constructions.

While homes that are over 30 years old generally cost less than those built within the last five years, the price gap between the two categories is narrowing. This shift suggests that buyers are increasingly willing to invest in older homes, possibly due to rising prices in the housing market and a limited supply of new builds.

As the dynamics of home buying continue to evolve, this trend highlights the changing preferences of American homeowners, who are now gravitating towards the charm and character often found in older properties.